Putin believes ending bloodshed in Syria crucialRussian Politics & Diplomacy July 27, 17:48
Russia’s 6th-generation fighter jet to get lasers capable of burning missile homing headsMilitary & Defense July 27, 17:36
Washington to use new sanctions to curb Russian energy projects, experts sayBusiness & Economy July 27, 17:15
Putin says Russian-Chinese cooperation is not aimed against any third countriesRussian Politics & Diplomacy July 27, 17:11
Expert believes US bill on anti-Russian sanctions may trigger new Cold WarRussian Politics & Diplomacy July 27, 16:03
Keying into the Russian Central Bank's key rateBusiness & Economy July 27, 15:59
Decision to strip Saakashvili of Ukrainian citizenship ‘not Kremlin’s problem’Russian Politics & Diplomacy July 27, 15:43
NHL three-time Stanley Cup winner Malkin still hopes to play for Russia at 2018 GamesSport July 27, 15:33
Brazilian football team’s staff kick off Russian language practice ahead of 2018 World CupSport July 27, 14:48
MOSCOW, April 19 (Itar-Tass) - Cyprus precedent undermines the basic principles of confidence in the banking system, Russian presidential advisor for economic issues Elvira Nabiullina said on Friday at the Russia'2013 forum organized by the Russian Savings Bank (Sberbank) .
“What was done in Cyprus is a dangerous precedent,” said Nabiullina who is about to take the position of CEO of Russia’s Central Bank.
“Individuals should not pay for regulators’ mistakes.”
“The post factum expropriation of some deposits on Cyprus is a violation of the fundamental rules of confidence,” she believes. “It is even more far-reaching than the bankruptcy of major banks.”
The Cyprus crisis will teach the megaregulator a lesson in strengthening macroprudential oversight, Nabiullina said.
She once again expressed the hope the Russians would eventually turn to keeping their private finances at banks in their homeland.