The reformer of the pension system decided to leave the Central Bank

The first deputy chairman of the Central Bank Sergei Shvetsov will leave his post on March 21
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Deputy Chairman of the Central Bank of the Russian Federation Sergei Shvetsov has decided to leave his post. It is noted that he has made a great contribution, including in the organization of regulation and supervision of all participants in the financial sector, also in his area of ​​interest was the reform of the pension system.

“First Deputy Chairman of the Central Bank Sergei Shvetsov will leave his post on March 21. Shvetsov oversaw new areas for the Central Bank – consumer protection, access to financial services and financial literacy – and made a major contribution to the transformation of the Bank of Russia into a mega-regulator, “- said Forbes.

Shvetsov began his career at the Central Bank as an economist immediately after graduating from Moscow State University in 1993. Between 1996 and 2001 he left for East-West Handelsbank, but then returned to the Bank of Russia. In 2011 he was appointed Deputy Chairman, and in 2013, when the Bank of Russia became a mega-regulator, he became the first deputy chairman to oversee this area.

Shvetsov’s interests also included the reform of the pension savings system, which has been under preparation for the last few years, but has not yet been implemented. In September 2021, Shvetsov, speaking of savings, said that helping current retirees “is too late.” “We need to help a citizen to retire with a good pension project, which first of all should be formed by the citizen himself for the rest of his life. It’s called capitalism, “he said. Elvira Nabiullina, the head of the Central Bank, had to apologize for these statements about pensioners. Then she called Shvetsov’s expressions “extremely unsuccessful.”

Earlier, Shvetsov had already announced his intention to leave his post. The head of the supervisory board of the Moscow Exchange Oleg Vyugin did not rule out that after leaving the Central Bank Shvetsov may head the supervisory board of the exchange. The representative of the Moscow Exchange also said that the commission on appointments and remuneration of the supervisory board is currently preparing to plan the staff of the supervisory board for the coming year. The company’s shareholders have the right to nominate candidates until March 1, 2022.

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Deputy Chairman of the Central Bank of the Russian Federation Sergei Shvetsov has decided to leave his post. It is noted that he has made a great contribution, including in the organization of regulation and supervision of all participants in the financial sector, also in his area of ​​interest was the reform of the pension system. “First Deputy Chairman of the Central Bank Sergei Shvetsov will leave his post on March 21. Shvetsov oversaw new areas for the Central Bank – consumer protection, access to financial services and financial literacy – and made a major contribution to the transformation of the Bank of Russia into a mega-regulator, “- said Forbes. Shvetsov began his career at the Central Bank as an economist immediately after graduating from Moscow State University in 1993. Between 1996 and 2001 he left for East-West Handelsbank, but then returned to the Bank of Russia. In 2011 he was appointed Deputy Chairman, and in 2013, when the Bank of Russia became a mega-regulator, he became the first deputy chairman to oversee this area. Shvetsov’s interests also included the reform of the pension savings system, which has been under preparation for the last few years, but has not yet been implemented. In September 2021, Shvetsov, speaking of savings, said that helping current retirees “is too late.” “We need to help a citizen to retire with a good pension project, which first of all should be formed by the citizen himself for the rest of his life. It’s called capitalism, “he said. Elvira Nabiullina, the head of the Central Bank, had to apologize for these statements about pensioners. Then she called Shvetsov’s expressions “extremely unsuccessful.” Earlier, Shvetsov had already announced his intention to leave his post. The head of the supervisory board of the Moscow Exchange Oleg Vyugin did not rule out that after leaving the Central Bank Shvetsov may head the supervisory board of the exchange. The representative of the Moscow Exchange also said that the commission on appointments and remuneration of the supervisory board is currently preparing to plan the staff of the supervisory board for the coming year. The company’s shareholders have the right to nominate candidates until March 1, 2022.

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