OREANDA-NEWS. Bank of Russia Publishes June Issue of Money and Credit Released

Read in issue No. 6, 2016:

FX Interventions. The Bank of Russia’s Historical Experience of 1992–2015. Sergey Moiseyev, Director of the Bank of Russia Financial Stability Department, provides a detailed analysis and efficiency assessment of FX interventions the Bank of Russia has implemented since the country’s challenging period of 1990s.

Cyber-security in the Electronic Banking System. Advantages of online banking are evident, though new technologies bring new risks. Dmitry Frolov, Head of the Bank of Russia FinCERT, and Pavel Revenkov, Head of section of the Bank of Russia Main Division for Security and Information Protection, brief on protection from hacker attacks.

Topical Issues of the Regional Banking Sector and Supervision Development. Olga Polyakova, Head of the Bank of Russia Main Branch for the Central Federal District, provides a comprehensive description of the banking sector of the Central Federal District. The author analyses problems revealed in the operations of the region’s credit institutions, and briefs on the developments in the operations of the Main Branch after the transition to the centralised supervision.

Sacred is the Last Will of the Soldier. Sergey Tatarinov, Deputy Director of the Bank of Russia Field Institutions Department, tells about servicemen’s deposits made during the Great Patriotic War. 75 years after the war, not only historians, but also descendants of the soldiers who won that war show lively interest in the subject…

Lessons of Ancient Economic Wars. Trade embargos, off-shores, and even sanction face-offs prove to have existed in the economies of Ancient Rome and Ancient Greece. Even two thousand years ago they turned out to be highly inefficient strategies in commercial relations. Aleksey Egorov, Head of section of the Bank of Russia Monetary Policy Department, gives the readers a lesson in the ancient economics.

Opening the Kurgan Regional Division of the State Bank in the Turn of the 20th Century. Lyudmila Knyazeva, Deputy Head of Kurgan Regional Division of the Ural Main Branch of the Central Bank of the Russian Federation, paints a vivid picture with plenty of interesting details of the State Bank's involvement in the development of the local economy amid social and economic turbulence of pre-revolutionary Russia.