Date: 9 months ago   Category: Finance

The Ministry of Finance has suggested to limit reception of relatives for work in the Central Bank — Rambler News Service


The Ministry of Finance of the Russian Federation has drafted the bill of introduction of amendments to the Federal Law "About the Central Bank of the Russian Federation" according to which it is forbidden to employ the close relative of the employee of the Central Bank in case one of them is subordinated to another. The corresponding project is published on the official portal of drafts of regulations. "The citizen can't be admitted to a position to the Bank of Russia, and the employee of the Bank of Russia can't replace a position in case of close relationship or property (parents, spouses, children, brothers, sisters and also brothers, sisters, parents, children of spouses and the spouse of children) with the employee of the Bank of Russia if replacement of such position is connected with direct subordination or accountability of one of them to another" — it is said in the bill. As it is noted in the explanatory note to the document, at revenues to work in the Central Bank or replacement of a position which is included in the list approved by the board of directors of the regulator, there can be situations at which the staff of the Central Bank having close relationship holds positions in one division, and it connects them by direct accountability or subordination. "This fact causes the conflict of interests and can interfere with appropriate, objective and impartial execution of the duties by employees of the Bank of Russia" — it is said in the explanatory note. Besides, the bill also offers establishment of the ban on receiving by the staff of the Central Bank who holds the positions approved by the board of directors, not only the credits in credit institutions, but also loans in other persons under surveillance to the regulator the organizations.

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