Nabiullina: the Central Bank of the Russian Federation would not want to “run with a stick” for Russian bankers

duma.gov.ru | STATE DUMA OF THE FEDERAL ASSEMBLY OF THE RUSSIAN FEDERATIONThe Central Bank of the Russian Federation is ready to put an end to the unscrupulous practices of national banks, but would not want to “run with a stick”, said Elvira Nabiullina, head of Russia’s financial regulator.Information about the expansion of unfair practices of Russian banks is known to the Central Bank of the Russian Federation, Nabiullina noted. She stressed that the regulator is ready to apply the terms of suspension of sale and return of banking products to credit institutions.The President of the Central Bank of Russia added that she counted on the caution of domestic bankers, because the financial regulator would not want to “run with a stick”.