Siluanov spoke about the loss of public funds in the troubled Russian banks in 2016
The Finance Ministry estimates the losses of public funds in Russian banks 100 billion rubles over the last year. In this regard, the Ministry supports the action of the Central Bank, directed on increase of reliability of banks, in particular the proposal to create a tiered banking system, said Finance Minister Anton Siluanov.
"On the one hand, will reduce the administrative burden on banks and will enhance the availability of banking services, and with another - will become the basis for the stability of the banking sector and a healthier banking system", - Siluanov quoted speech at the Congress of the Association of Russian banks (ARB) on Tuesday Reuters.
Separately the Minister has indicated measures to increase confidence in credit institutions. And the government, he said, will tighten the requirements for placing public funds in banks.
"We are implementing measures of a widespread phenomenon of the use of credit ratings on a national scale when assessing the reliability of financial institutions. Much has been said about the fact that we're intercept banks with public funds, and this clipping becomes cynical and loses all logic measure. It is actually much easier, because we are public funds in banks over the last year has lost about 100 billion rubles," - said the head of the Ministry of Finance, stressing that the use of public funds must be proven, reliable banks.
"It is obvious that the state is also concerned about the reliability of banks, the banking system. Accordingly, the use of public funds also must be proven and reliable banks", - said the Minister.
According to the head of the Ministry of Finance, the government will implement the national ratings in assessing banks to use them when placing funds, commercial banks and participation in programs.
Source
The Finance Ministry estimates the losses of public funds in Russian banks 100 billion rubles over the last year. In this regard, the Ministry supports the action of the Central Bank, directed on increase of reliability of banks, in particular the proposal to create a tiered banking system, said Finance Minister Anton Siluanov.
"On the one hand, will reduce the administrative burden on banks and will enhance the availability of banking services, and with another - will become the basis for the stability of the banking sector and a healthier banking system", - Siluanov quoted speech at the Congress of the Association of Russian banks (ARB) on Tuesday Reuters.
Separately the Minister has indicated measures to increase confidence in credit institutions. And the government, he said, will tighten the requirements for placing public funds in banks.
"We are implementing measures of a widespread phenomenon of the use of credit ratings on a national scale when assessing the reliability of financial institutions. Much has been said about the fact that we're intercept banks with public funds, and this clipping becomes cynical and loses all logic measure. It is actually much easier, because we are public funds in banks over the last year has lost about 100 billion rubles," - said the head of the Ministry of Finance, stressing that the use of public funds must be proven, reliable banks.
"It is obvious that the state is also concerned about the reliability of banks, the banking system. Accordingly, the use of public funds also must be proven and reliable banks", - said the Minister.
According to the head of the Ministry of Finance, the government will implement the national ratings in assessing banks to use them when placing funds, commercial banks and participation in programs.
Source
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