The Central Bank has proposed to weaken

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www.vsyako.netOleg Pluginpath: Stanislav Krasilnikov / TASS

Chairman of the Supervisory Board of the Moscow exchange Oleg Vyugin suggested in the future to weaken the Central Bank and to deprive him of part of today’s powers. His statement he made during a panel session “Central Bank Independence: the past or the future?” held in the framework of the Gaidar forum at the Ranepa, the correspondent “Tapes.ru”.

“I was attracted by the twin peaks — two peaks, which are responsible for its direction: for financial stability and for protecting the rights of consumers of financial services”, — said Vyugin.

According to him, this model is now implemented in many countries. Vyugin also said that he discussed this issue when he was the Deputy head of the Central Bank in the early 2000-ies, but then this initiative has not received development. Currently, the Russian Central Bank performs the role of regulator, being responsible for monetary policy and regulating the banking sector.

The organizers of the Gaidar forum is the Ranepa, the Gaidar Institute and the Association of innovative regions of Russia. “Ribbon.ru” is an informational partner of the event.

Video, photo All from Russia.

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