The Bank of Russia believe the Association «Russia» an effective platform to work with banks

© RIA Novosti / Ilya Petliurite in fotoreceptor Central Bank of the Russian Federation Elvira Nabiullina. Archival photoThe Bank of Russia believe the Association «Russia» an effective platform to work with banks© RIA Novosti / Ilya Petliurite the image Bank

Updated the Association of banks of Russia (Association «Russia») will become an effective platform of cooperation between banks and the Central Bank of the Russian Federation, the head of the Bank of Russia Elvira Nabiullina at the International banking forum.

«In our view, it is very important that market participants, in good faith, that his goal is to see long-term successful development of your business in a competitive environment, has decided that the Association will become a platform for the dialogue between large and small banks, helping to find balance of interests of various players, as well as be an effective platform of interaction between banks and the regulator,» — said Nabiullina.

The head of the regulator added that it should be a positive factor for the development of competition in the banking sector.

Association «Russia» on 13 September at the extraordinary meeting had created the Bureau of the Association, which will promptly respond to the contemporary challenges facing the Association. The Bureau will perform the function of the Board of banks and to meet once a month. Members of the Association «Russia» also has appointed a new President of the Association of former first Deputy Chairman of the CBR George Luntovsky, and the former head of the Association Aksakov — President of the Board of the Association.