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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 ]
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]
The International Association of Deposit Insurers (IADI) is the global standard-setting body for deposit insurance systems. It contributes to the stability of financial systems by enhancing the effectiveness of deposit insurance and promoting international cooperation on deposit insurance and bank resolution arrangements in active partnership with other international organisations.
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
Vessels of Russia's so-called shadow tanker fleet will be boarded or put on a sanctions list if they do not provide proof of insurance, Estonia's prime minister said on Tuesday. 'Shadow fleet ...
The minimum deposits, terms and available products listed in this article are as of 10/16/2024. Please check the bank or credit union for the most up-to-date information. Alternatives to no ...
The majority shareholder of Sberbank is the Russian National Wealth Fund managed by the Government of Russia (until 2020 the Central Bank of the Russian Federation), owning 50%+1 voting share of Sberbank's voting shares. The rest of the shares are dispersed among portfolio, private and other investors.