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The deposit insurance system in the Russian Federation operates in accordance with the Federal Law No.177–FZ of December 23, 2003 “On Insurance of Deposits in Banks of the Russian Federation”. [2] The deposit insurance system (DIS) provides protection to depositors that have accounts in Russian banks up to the coverage limit established ...
Russia enacted deposit insurance law in December 2003 and established the national deposit insurance agency (DIA) in 2004. [ 46 ] [ 47 ] Until 2004, the Russian banking system was divided: obligations of state-owned Sberbank were guaranteed by law, while other banks were not insured in any way, creating an unfair advantage for Sberbank. [ 48 ]
National Association of Insurance Commissioners (NAIC) and state-level insurance supervisors; Uruguay: Central Bank of Uruguay ; Superintendencia de Servicios Financieros (SSF) Uzbekistan: Ministry of Economy and Finance of the Republic of Uzbekistan: Vanuatu: Reserve Bank of Vanuatu: Vatican City: Supervisory and Financial Information ...
And so, in December 2013 Central Bank of Russia revoked licenses of three commercial banks, Investbank, Smolensky Bank and the Bank of Project Finance and later then Ecoprombank, Masterbank, Simbirsk and many others. [6] State-run Agency for deposits’ insurance paid money to clients. [7]
Deposit bond; Deposit Guarantee Scheme Directive; Deposit Insurance Agency of Russia; Deposit Insurance and Credit Guarantee Corporation; Deposit Insurance Corporation of Japan; Depositors' and Investors' Guarantee Fund
Federal deposit insurance: Choosing a bank insured by the Federal Deposit Insurance Corp. (FDIC) or a credit union insured through the National Credit Union Administration (NCUA). This ensures ...
Sberbank has 87 branches and 1 representative office in 79 regions of Russia and 2 foreign countries. [12] As of 2014 it was the largest bank in Russia and Eastern Europe, and the third largest in Europe, ranked 60th in the world and first in central and Eastern Europe in The Banker ' s Top 1000 World Banks ranking. [13]
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