Bank of Russia aims to strengthen insurance supervision
Friday, 04 29 2016, Category: Insurance and Reinsurance, Country: Russia
A stronger legislation for the insurance industry, aligned with the requirements that need to be fulfilled by banks and NPFs, as well as the establishment of a national reinsurer are the priorities on the Russia Central Bank's agenda, as revealed by Bank of Russia Governor Elvira NABIULLINA in the speech she recently gave at the RF Ministry of Finance expanded board meeting.
An area of our cooperation is the project of stronger requirements to be developed for the insurance sector. Insurers, as key players in the financial market, should, in our view, meet the same requirements as those applied for NPFs or banks. And this project addresses these challenges.