Russian Financial Control Monitor
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MOSCOW. The Central Bank’s board of directors has set up a special division to regulate financial market as part of the government’s plan to create a unified financial ‘mega-regulator.’
The Russian Federal Financial Markets Service will be abolished from September 1, ,2013, in compliance with the president’s decree.
A federal law dated July 23, 2013, introduces amendments to the Russian legislation and gives the Central Bank powers of regulation, control and supervision on financial markets. |
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