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2021: Central Bank brings together departments of banking supervision and regulation
On September 15, 2021, the Central Bank of Russia announced the unification of the departments providing banking supervision and banking regulation. As a result of the restructuring, the Department of Banking Regulation and Analytics will appear, which will perform the following functions:
- analysis of risks of credit institutions, including stress testing methods;
- regulation of banking activities, including through analysis of existing and potential risks;
- publication of analytical materials on the banking sector;
- methodological and informational support of banking supervision.
The Central Bank believes that the combination of banking supervision and regulation will contribute to the development of approaches to the development of regulation based on monitoring the risks of the banking sector and comprehensive market analysis. This will make it possible to adapt the regulation to the level of development of the Russian banking system and the tasks facing it. The decision will also optimize the organizational structure and increase the efficiency of activities, the regulator said.
The director of the Department of Banking Regulation and Analytics will be Alexander Danilov, who by mid-September 2021 heads the department for ensuring banking supervision. The curator of the new structure will be the first deputy chairman of the Central Bank Dmitry Tulin. Director of the Department of Banking Regulation Alexei Lobanov leaves the Central Bank. Innovations will enter into force on December 1, 2021.
 | Alexander Danilov during his work at the Bank of Russia has achieved a significant improvement in the quality of analytics for the banking sector, he successfully manages work on such key projects for the Bank of Russia as, for example, regulation of banking ecosystems, "said Tulin.[1] |  |
Notes
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