Talks on nonbank access to CBR refinancing could take a year - Shuvalov
MOSCOW. Jan 16 (Interfax) - Nonbank institutions should get access to refinancing from the Central Bank of Russia, possibly with certain limitations, First Deputy Prime Minister Igor Shuvalov believes.
"This issue is now being discussed, and the government will in future bring it up with the Central Bank if the Bank of Russia receives powers as the unified regulator [of financial markets]. I believe that this question is fair and correct and it needs to be discussed with the bank," Shuvalov said in an interview with Kommersant.
"Perhaps not for the whole range of all securities, but in certain areas, a decision on the possibility of refinancing nonbank institutions through the Central Bank needs to be made," Shuvalov said.
He said the discussion on how this should be done would take "six months or a year."
