That the Prosecutor General’s office checks with the Bank of Russia, said the banker, who learned about it from employees of the Central Bank. Information was confirmed by a source in the Prosecutor General’s office, and a source close to the Central Bank.
“The test began about one or two weeks ago and should end in August,” said the banker. According to him, prosecutors are checking the work of the Supervisory unit. This information is confirmed by another source close to the Central Bank, adding that the test complex and may involve not only Supervisory unit. “The Prosecutor General’s office is also interested in how to spend reserves, but not the fact that checks this direction,” adds a third source close to the Bank.
According to a source in the state office of public Prosecutor, check has been planned and will go until the end of the summer. In the plan verification has been enabled “on instructions from above,” he adds, noting that one of the check — the protection of the rights of entrepreneurs. According to a source close to CB, the reason could numerous complaints of businessmen who lost their money in failed banks. In particular, as wrote the newspaper “Kommersant”, in the autumn of last year the Prosecutor’s office and the Department of internal Affairs across Moscow has addressed more than 200 clients of Probusinessbank with a request to check the legality of actions of the Central Bank and ASV. A source in the state office of public Prosecutor does not exclude that in the framework of the audit of the Central Bank activities of ASV can be affected on a tangent.” Currently, the Prosecutor General’s office does not check the DIA, said the press service of the Agency.
The press service of the Central Bank has not confirmed nor denied the fact of the audit, noting that the activities of the Bank of Russia and other regulatory authorities, is under the supervision of the prosecution in accordance with applicable law. The press service of the Prosecutor General’s office declined to comment.
The Prosecutor’s office will periodically check the Central Bank. For example, in November 2014, after the transition to a floating exchange rate, the General Prosecutor’s office carried out an inspection at the parliamentary request by state Duma Deputy Yevgeny Fyodorov has said that the Central Bank takes sufficient measures for the protection and sustainability of the ruble.” The MP accused the Bank of violating the Constitution, namely articles, which obliges the Central Bank to ensure the stability of the ruble. In response to a parliamentary inquiry, the Prosecutor General wrote that organized a check, but as said Fedorov, the Prosecutor never completed her.
Deputy Prosecutor General Alexander Buksman said that to intervene in economic issues and foreign currency transactions Department is not going to. “Our business — supervision over execution of laws. And if we find violations of the law, then we will respond accordingly”, — commented on the test Buksman.
In February of this year, the state office of public Prosecutor has brought representation to the Chairman of the Central Bank Elvira Nabiullina, pointing to the lack of control over microfinance organizations and pawnshops. Check the Prosecutor’s office have responded to the appeals of the activists of the popular front and the self-regulatory organization MFR. Checks followed coming in 2015 to the Prosecutor complaints to the work of microfinance institutions (MFIs) and the Lombards, wrote “Газета.Ru”. Press Secretary of the Prosecutor General Aleksandr Kurennoy confirmed that this representation was made the head of the Central Bank, but said that this was done last year on the results of extensive testing, which lasted for the entire year of 2015.
In the beginning of this year the Prosecutor General’s office refused to check TSB on Deputy request. Deputies from the Communist party Valery Rashkin and Sergei Obukhov others have written to the Prosecutor that the actions of the regulator lead to inflation and devaluation of the ruble. However, in response to this request the Prosecutor General’s office explained that “the issues of regulating the monetary and credit policy relate to the economic activities of the state.” Subject to the provisions of the Federal law “On the procuracy of the Russian Federation” of their legal assessment in the competence of the Prosecutor’s office did not include,” the Ministry said.
The latest audit of the state office of public Prosecutor of the Central Bank was completed in the spring of this year, then, according to the newspaper “Kommersant”, the prosecutors checked as the Central Bank selects investors for the rehabilitation of banks. The audit prosecutors chided the Central Bank that it has no regulatory asset selection criteria of investors, which contributes to the uncontrolled distribution of financial resources allocated for the Bank rehabilitation.” However, in June the Central Bank issued the Directive, which prescribed the conditions for participation in Bank resolution.