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Banking law. National Banking Council (Most Important)

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15. National Banking Council

The National Banking Council is a collegial body of the Central Bank of the Russian Federation. Its number is 12 people, of which:

1) two are sent by the Federation Council of the Federal Assembly of the Russian Federation from among the members of the Federation Council;

2) three - by the State Duma from among the deputies of the State Duma;

3) three - by the President of the Russian Federation;

4) three - by the Government of the Russian Federation;

5) one - Chairman of the Central Bank of the Russian Federation.

The recall of members of the National Banking Council is carried out by the state authority that sent them to the National Banking Council.

Members of the National Banking Council, with the exception of the Chairman of the Central Bank of the Russian Federation, do not work in the Bank of Russia on a permanent basis and do not receive payment for this activity. Chairman of the National Banking Council:

1) is elected by the members of the National Banking Council from among them by a majority vote of the total number of members of the National Banking Council;

2) carry out general management of its activities, chair its meetings. In the absence of the Chairman of the National Banking Council, his functions are performed by a deputy elected from among the members of the National Banking Council by a majority vote of the total number of members of the National Banking Council.

The National Banking Council meets at least once a quarter. Meetings are appointed by the Chairman of the National Banking Council or, in the absence of the Chairman of the National Banking Council, by his deputy, as well as at the request of the Chairman of the Central Bank of the Russian Federation or at least three members of the National Banking Council. Members of the National Banking Council are promptly notified of the meeting of the National Banking Council. Decisions of the National Banking Council are taken by a majority of votes from the number of members of the National Banking Council present with a quorum of seven people. When decisions are made by the National Banking Council, the opinion of the members of the National Banking Council who are in the minority is recorded at their request in the minutes of the meeting of the National Banking Council. In case of equality of votes, the vote of the chairman of the meeting of the National Banking Council is decisive.

The competence of the National Banking Council includes:

1) consideration of the annual report of the Central Bank of the Russian Federation;

2) approval on the basis of proposals from the Board of Directors for the next year no later than December 15 of the previous year: the total amount of expenses for the maintenance of employees of the Central Bank of the Russian Federation, the total amount of expenses for pensions, life insurance and medical insurance of employees of the Central Bank of the Russian Federation, the total volume of capital investments, the total volume other administrative and business expenses;

3) approval, if necessary, on the basis of proposals from the Board of Directors, of additional expenses for the maintenance of employees of the Central Bank of the Russian Federation, additional expenses for pensions, life insurance and medical insurance of its employees, additional capital investments, as well as approval of other additional administrative and economic expenses;

4) consideration of issues of improving the banking system of the Russian Federation;

5) consideration of the draft main directions of the unified state monetary policy and implementation of the adopted main directions of the unified state monetary policy;

6) resolving issues related to the participation of the Central Bank of the Russian Federation in the capital of credit institutions;

7) appointment of the chief auditor of the Central Bank of the Russian Federation and consideration of his reports;

8) determination of an audit organization - the auditor of the annual financial statements of the Central Bank of the Russian Federation;

9) approval, at the suggestion of the Board of Directors, of the accounting and reporting rules for the Central Bank of the Russian Federation, etc.

Author: Belousov D.S.

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