Russian Finance Ministry prepares bill on restrictions for Central Bank’s employees
MOSCOW, September 21 (RAPSI) – Russia’s Finance Ministry has prepared a bill introducing restrictions for employees of the national Central Bank, the document published on a web-portal for draft legal acts reads.
The bill prohibits relatives to work together at the Central Bank if someone of them is to be directly supervised by another one. The authors of the bill note that such a situation may result in a conflict of interest and prevent employees from performing their duties in an impartial manner.
Also, according to the bill, employees are to be prohibited from taking loans in any credit and non-credit financial organizations in order to prevent conflict of interest in situations involving regulation of these organizations.