FFMS stands for the consolidated supervision of financial holding companies, the share of banking services that are less than 40%, also wants to control the office of shares of banks. If this happens, between the Central Bank and the Federal Financial Markets Service the question may arise about how to divide control of the banks.
The report for the Federal Financial Markets Service of the presidential council on the development of financial markets, service offers to give it functions consolidated supervision of financial groups, with holdings in the banks, insurance companies and other financial companies capital markets, as the current oversight is fragmented and non-operational, reports Prime.
In the service believe that if the Central Bank supervises the banking groups with a share of not less than 40%, the Federal Financial Markets Service would be nice to get the same powers in the supervision of groups with less than 40% share. The report also notes that in the long run it is advisable to consider the possibility of combining the consolidated supervision in the financial markets with bank supervision.
former head of the Federal Financial Markets Service, Chairman of the Board of Directors of MDM Bank Oleg Vyugin said that this idea has the right to Life, as the non-banking financial company will be consolidated to provide accountability in Federal Financial Markets Service. In the opinion of the deputy general director of “Expert RA” Samieva Paul, the Federal Financial Markets Service is not the appropriate jurisdiction and supervision of banks, it is unlikely to be able to assess risks. “Rate performance can be assets, but the question is how to compare banks and insurers to brokers, CC and SPC,” – says Mr. Samiev.
President of the Association of Russian Banks Garegin Tosunyan advocates to control of banking activities was solely for the Central Bank, no matter how much of the business is in the companies or banks. “I am very positive attitude to the Federal Financial Markets Service and its management, but control of credit institutions must remain at the Bank of Russia, because we already suffer from excessive division of supervision to different regulators,” – says Mr. Tosunyan.
It is also not averse to FFMS to include in the process of state registration of securities issues and the banks “in order to verify compliance with the requirements of credit institutions legislation of the Russian Federation on securities”, than it is today engaged in the Bank of Russia. “Over time, this can be done, as the Central Bank previously controlled through this register of shareholders and the emergence of these undesirable persons”, – says Oleg Vyugin. Now banks are mostly already showing their beneficiaries, and therefore, in his opinion, state registration project emissions will be over time to give to the jurisdiction of Federal Financial Markets Service.
If the Federal Financial Markets Service will achieve empowerment, it would have to estimate the proportion of bank business in such close to each other structures as “Rosgosstrakh” and Rosgosstrakh Bank, and Bank SOGAZ “Russia”, “Ingosstrakh” and bank “Union” with the NPF “Society”, RESO and the bank “RESO Credit” NPF “LUKOIL -Garant “and bank” Petrocommerce “NPF” Stalfond “and Metcombank, NPF” Surgutneftegaz “and Surgutneftegazbank, NPF” Neftegarant ‘and Bank, etc.