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Central Bank to compensate for interbank lending losses
RBC, 27.10.2008, Moscow 16:52:36.The Central Bank may sign the first agreements on compensation for banks' losses arising from operations on the interbank lending market, the Central Bank's First Deputy Chairman Alexei Ulyukayev told journalists during today's meeting in the State Duma. He noted that the bank had already prepared relevant regulations and created the system of risk distribution. Ulyukayev explained that the Central Bank would release a list of 200 or more banks and compensate part of the losses from deals with these banks. After the Bank of Russia has taken on a reasonable share of the risks, Ulyukayev added, banks will be able to operate more freely.
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