About regular meeting of the TACIS Coordinating Commettee

The Central Bank of the Russian Federation (Bank of Russia)

External and Public Relations Department

12 Neglinnaya Street, Moscow, 107016 Russia; tel: (095) 771 4417, 771 4669; fax: (095) 924 9216; http://www.cbr.ru

Information

The fourth Steering Committee meeting formed within the framework of the Tacis Project “Central Bank Training III” was held on November 12, 2004. It was chaired by Mr Andrey Kozlov, the Bank of Russia First Deputy Chairman.

The Steering Committee meeting, which is comprised of representatives of the European Central Bank, National Central Banks of the European Union member countries and the Bank of Russia, discussed the results of the project implementation in 2004 and approved a training programme for 2005.

The project training programme, which is designed to strengthen the role played by the central bank in banking supervision by raising the professional level and practical skills of banking specialists, is being carried out successfully. Since the beginning of 2004, more than 300 supervisors from 78 Bank of Russia regional branches have participated in 25 training events, which included special training courses, thematic seminars and secondments.

Seminars on financial stability and the use of early warning systems in banking supervision were held in the Bank of Russia for its senior executives in September and November.

An opening statement at the high-level seminar on the role of central banks in monitoring financial stability was made by Mr Sergey Ignatiev, the Bank of Russia Chairman. Other speakers included Mr Tommaso Padoa-Schioppa, member of the Executive Board of the European Central Bank, Mr Jaime Caruana Lacorte, Governor of the Bank of Spain, and Mr Jean-Michel Godeffroy, Director General of the ECB Payment Systems. The Bank of Russia First Deputies Chairman Mr Andrey Kozlov and Mrs Tatiana Paramonova, State Duma deputies, high-ranking officials of the Russian Government’s Office, Ministry of Finance and Ministry of Economics and Trade of the Russian Federation, and Heads of the Bank of Russia took part in the discussion.

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16.11.2004 00.00.00