Cardinal Parolin: Dialogue of Roman Catholic and Orthodox Churches to help them feel unitySociety & Culture August 20, 8:27
Polina Dibrova, mother of three, wins Mrs. Russia 2017 beauty pageantSociety & Culture August 20, 4:41
Russian emergencies ministry plane returns from firefighting mission in ArmeniaWorld August 20, 4:39
East Ukraine conflict claimed nearly 3,000 civilian lives — ICRCWorld August 20, 1:56
Renowned Russian filmmaker Andrei Konchalovsky turns 80Society & Culture August 20, 0:48
One of seven injured in Surgut stabbing spree in critical condition — authoritiesSociety & Culture August 19, 23:51
Netanyahu expects to meet with Putin in Sochi on August 23 — Israeli premier’s officeRussian Politics & Diplomacy August 19, 22:47
Surgut attacker is identified as a local resident - investigationSociety & Culture August 19, 14:09
Combat module containing neural networks may become series in Russia in 2018 — designerMilitary & Defense August 19, 10:44
GORKI, October 3 (ItarTass) —— Russia is gradually moving on to international regulation in the field of banking law and banking supervision, Prime Minister Dmitry Medvedev said.
“We must respond to the problems that arise in this context promptly,” he said at a meeting on the development of the banking system on Wednesday, October 3.
“The banking system exists not for its own sake but for the development of the regal economy, it underlies its main parameters, everyone uses bank services and therefore we need and should detect risks and imbalances in the banking system correctly and timely,” the prime minister said.
He noted that banks should not only carryout their business strategies but also understand their social responsibility.
Medvedev warned that the Russian banking sector would have to develop in a turbulent situation in world financial markets, including in the Euro zone. “This is why monitoring and responding to global economic tendencies remains a task for the Russian government, the Central Bank and the banking system as a whole,” he said.
The prime minister recalled that the Russian banking sector received unprecedented support during the global economic and financial crisis. “Time showed that it was done timely and correctly, and we managed to cope with the problem. In the first eight months of this year bank assets grew by almost 10 percent, which is more than last year, to nearly 45 trillion roubles. This happened mainly due to broader lending, and the combined banking capital is also growing,” Medvedev said.
He stressed that need to focus on the rating and capitalisation of banks, expansion of their outreach, and attraction of additional investments for their development.