Nabiullina made a transfer of Central Bank supervision over ASV

Nabiullina made a transfer of Central Bank supervision over ASV

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Photo: Ekaterina Kuzmina/RBC

The Bank of Russia may become the curator of the Agency on insurance of contributions (ASV) within the framework of a new model of rehabilitation, currently under discussion, said the head of the Central Bank Elvira Nabiullina to journalists in Kazan.

“We discussed various options of management, including supervision of the ASV by the Central Bank. It’s all in the discussion. Importantly, a return to the old idea of rehabilitation is not considered,” she said.

The CB head noted that the bill provides for a new scheme of rehabilitation of the banks by the occurrence of a special management company in the capital of troubled players, is being discussed by the authorities. “The government supported the basic idea, the concept, so to speak, of the bill that the resolution mechanism needs to be changed and go from credit resolution mechanism for joint”, — she specified.

“The question of who will serve as the management company, is now being discussed. Maybe there will be a separate management company or the DIA will be under our supervision”, — she added.

Currently, the projects of rehabilitation of banks oversees DIA. The Agency participated in rehabilitation of 27 banks.

In summer, the head of the Central Bank of the Russian Federation stated that the regulator will take control of the health of banks.