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of Russia dis- est rates faster than loan interest rates, and in cusses the economic situation and forecasts contrast, in periods where rates are increasing,

Novoaltaysk, limited liability company (PSRN 1142208000516), Barnaul-Invest, limited liability company (PSRN 1132223011788), USS, limited liability company (PSRN 1112207000102), Forsage Money, limited liability company (PSRN 1133850012526

Union Western Union payment system UNION DP VOSTOK payment system 7 NCI USS CI R Western Union payment system Unified Settlement System 8 CJSC Union

33 ANALYSIS AND STATISTICS — No. 36. 2013 • the clearing and settlement system (CSS) for bulk retail payments, where settlements are made on a net basis.

cooperation were dis In the same month, the third round of consul cussed. tations between the Bank of Russia and the Bank In 2012, the

such consolidated inspection were dis- discussions regarding these threats with the executives cussed at a supervisory college meeting that was attend- and/or owners of

credit institutions to dis- Fund, the World Bank and the European Bank cuss the shortcomings discovered in their work for Reconstruction and Development. and ways

on Banking Supervision, which dis sion of evaluation results with IMF specialists. cussed issues related to new capital adequacy re Issues related to transparency in

Development, and in seminars dis coordinating Russia’s position on increasing the cussing credit risk management, the improvement authorised capital of the Black Sea Trade

held several meetings with IMF missions to dis macroprudential economic policy tools. cuss monetary policy and its instruments and li The Bank of Russia continued