The Ministry of economic development did not support the bill on the appointment of a single liquidator ASV banks

Moscow. August 31. INTERFAX.RU – Ministry of economic development did not support the bill that gives the Agency on insurance of contributions (ASV) functions of a single liquidator, said the Agency “Interfax” the source in the financial-economic bloc of the government.

Manual ASV last year said it wants to speed up the process of liquidation of banks and to improve its efficiency, abandoning the negotiation with creditors of all procedures of sale of the property and changing the format of the auction. Innovations would reduce the liquidation procedure of the Bank with four years to 1-1. 5 years, said the head of state Corporation Yury Isaev.

In July of this year the Ministry of Finance has published draft amendments to the bankruptcy law, introducing the Institute of a single corporate liquidator of financial institutions (banks, pension funds and insurance companies) and conferring appropriate authority on the ASV.

Now in addition to the DIA’s liquidation procedures are also accredited at Bank of Russia of arbitration managers (in particular, on may 1, they accounted for about 5% of the total number of liquidated credit organizations). The developers of the bill have noted that the effectiveness of ASV in the liquidation of financial institutions is higher than that of arbitration managers. In addition, the number of NPF reported cases of delays in the process of liquidation held without ASV. “The introduction of a single liquidator of financial institutions will allow you to unify all carried out in the course of liquidation of such organizations of the procedures and significantly improve their efficiency”, – stated in the explanatory note to the document.

Comments The Ministry Of Economic Development

As told the interlocutor of the Agency, Ministry of economic development are not clear grounds for granting ASV preferences to others in the implementation of liquidation procedures. In addition, the Ministry has a number of issues to certain provisions of the bill regarding investment of the ACB law, as the provisional administration to refuse the execution of transactions and determining the claims of creditors before the initiation of bankruptcy proceedings of a financial institution without the proper procedure of the application and consideration of objections.

Negative effect, according to the Ministry of economic development, can also take the amendments providing for the reduction and a change in the sources of disclosure. This can make it difficult to obtain information for creditors, including natural persons.

In addition, according to the interlocutor Agency, the Ministry considers unreasonable provided the bill the creation of mutual investment funds on the basis of the sold property of the debtor. The Ministry also did not support the proposed in document a new mechanism of auction of property of the debtor, indicating that they have developed a draft law, improving the procedure of realization of property in bankruptcy.

Given the scope and nature of these comments, the Ministry of economic development does not support the bill in the present edition, the source said.

According to another source in the financial-economic bloc of the government, the Ministry of economic development did not support the bill because its provisions essentially repeat provisions of the bill, previously developed by the Ministry and submitted for consideration by the government. “In addition, the proposals were not supported in connection with the presence of comments, including those of a technical nature”, – said the Agency interlocutor.

“Interfax” does not yet have a review of Ministry of economic development.

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