According to the order of the regulator of 1/31/2014 No. OD-105 the license for banking operations is revoked from credit institution My Bank. This decision on application of a last resort of influence – revocation of license – "is accepted in connection with non-execution by credit institution of the federal laws regulating banking activity and also regulations of the Bank of Russia, establishment of the facts of essential unauthenticity of reporting data, inability to meet requirements of creditors for monetary obligations, considering application of measures, repeated within one year, provided by the Federal law "About the Central Bank Russian Federation (Bank of Russia)".
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