Staff reshuffle will continue at the Bank of Russia, CBR chairwoman Elvira Nabiullina told journalists in Kazan. Such appointments aim to make the regulator's performance more efficient.
"There will be internal staff reshuffling as we are now seriously engaged in engineering our business processes. The Bank of Russia has been doing this in order to enhance its internal efficiency," Nabiullina said.
Earlier in October the Bank of Russia said that Mikhail Sukhov left the regulator, his duties will be assigned to first deputy chairman Dmitry Tulin (will be in charge of banking supervision) and first deputy chairman Sergey Shvetsov (will be responsible for licensing, liquidation and rehabilitation of all financial institutions, including banks). CBR first deputy chairman Alexey Simanovsky will become an advisor to Elvira Nabiullina, while the CBR chairwoman will engage in monetary policy issues on her own.
Sergey Shvetsov, in turn, confirmed that he will be provided with some duties of Mikhail Sukhov (the latter will join VTB Bank to help the banking group introduce Basel III standards).
