March 2005 in the Federation Council of Russia in preparation for the next Congress XVI
Association of Russian Banks a round table on the problems of improving the competitiveness of the Russian banking system.
The meeting analyzed the current state of development of the national banking system, detailing the problems of building a long-term resource base of banks, increase the capitalization of the banking system, further development of the refinancing of banks, improving creditor rights, reducing banks' costs and risks associated with the liberalization of currency legislation.
Chapter ARB GA Tosunyan noted that, in order to reduce the backlog of the developed countries must be accelerated to develop the domestic banking system, and hence improve its competitiveness, reduce the cost of banking services by providing affordable rates for credit market participants.
"Lowering lending rates, we encourage the growth of production, will reduce its cost, and thus reduce inflation" , - underlined the President of BDA.
Regarding resursodefitsita, GA Tosunyan banking community expressed surprise retirement from the banking system, insurance funds and pension funds.
Head ARB called CBR increased to refinance banks, expanding the set of security tools, indicating that the lender of last resort has a special responsibility for the stability of the credit system.
Source:
M3-Media 
