Invest Profit

Translated Title

Banking Sector Consolidation Fund

Publisher

Invest Profit

Media Date

1-7-2018

Media Type

Document

Content Type

Blog Post

Country/Region

Russia

Language

Russian

Crisis

Russian Private-Banking Crisis (2017)

Case Series

Ad hoc Capital Injection

Intervention

Ad hoc Capital Injection

Additional Information

Machine Translated: From the end of August to mid-December 2017, the Bank of Russia announced the start of the rehabilitation of three private banks classified as the largest, including two systemically important ones. In all cases, financial recovery was started according to a new procedure - de facto at the expense of the Central Bank of the Russian Federation itself through the Banking Sector Consolidation Fund. What is the newly created fund, what are its powers...

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