The Russian authorities in difficult conditions managed to maintain the stability of the banking system — that is the conclusion of experts of the IMF and the world Bank, visited Moscow March 15-30 for the assessment of the Russian financial sector. During the visit they met with the head of the Bank of Russia Elvira Nabiullina, other officials of the Central Bank and the government of the Russian Federation and members of the banking community.
“Against a difficult macroeconomic situation, the banking system is maintained in a stable state determined policy of the authorities, including the provision of liquidity, capital support and temporary concessions in the area of regulation, — it is told in a press-service of the IMF the statement by the heads of the joint mission of the Fund and the WB Carl Habermeyer and Aurora Ferrari. — Our group discussed with the authorities steps to strengthen the banking system and increase its resilience to risks.”
According to the statements, it is primarily on measures to facilitate the resolution of issues around troubled banks, to improve control over the quality of Bank assets and strengthen Bank capital.
