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Sergei Shvetsov appointed First Deputy Chairman of Russia's Central Bank

August 21, 2013, 13:54 UTC+3
Earlier, mass media reported that Dmitry Pankin, who is currently head of the Federal Service for Financial Markets, would not transfer to the Central Bank
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MOSCOW, August 21 (Itar-Tass) - Sergei Shvetsov has been appointed First Deputy Chairman of the Central Bank of Russia (CB) and Head of the CB Service for Financial Markets, the Central Bank Department for External and Public Relations reported on Wednesday.

Earlier, mass media reported that Dmitry Pankin, who is currently head of the Federal Service for Financial Markets, would not transfer to the Central Bank.

On August 9, the Central Bank Board of Directors decided to found a service for financial markets within the Central Bank. The new structure will start working from September 1 when the Federal Service for Financial Markets is abolished. Thus, the Central Bank will have powers and functions to regulate, control and supervise financial markets.

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