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Banking Council to okay CBR audit March 27

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MOSCOW, March 19 (RIA Novosti) -- Russia's National Banking Council may give the Audit Chamber the go-head to check the Central Bank's performance at its next session, March 27, a senior MP said Monday .

Finance Minister Alexei Kudrin said last week the Prosecutor General's Office had recently completed its own investigation into the Central Bank and the results would also be considered by the National Banking Council.

"The next NBC session will take place on March 27," said Anatoly Aksakov, deputy chairman of the State Duma Committee for Credit Organizations and Financial Markets, adding "there is no final agenda for the session yet."

Kudrin said earlier the NBC would sanction the audit.

Russian media quoted some government and banking sources previously that Central Bank Chairman Sergei Ignatyev may be dismissed in the near future.

The banking community started speculating on possible personnel changes at the Central Bank prior to parliamentary and presidential elections and following recent parliamentary hearings on banking supervision when the regulator was accused of setting its own rules, violating the presumption of innocence towards other banks, etc.

CBR Deputy Chairman Viktor Melnikov and governor of the Tyumen Region (west Siberia) Vladimir Yakushev have been named as Ignatyev's possible successor.

But a source in the Finance Ministry said no reshuffles should be expected at the CBR in the foreseeable future. He said Ignatyev's opponents had already made many attempts to dismiss him, all to no avail.

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