Risk Premium

Think that guaranteeing depositors’ money is a dull topic? In Russia, it’s exciting enough to get the central bank’s first deputy chairman gunned down on the way from a recreational soccer game to his armored Mercedes. It’s the highest-level assassination since President Putin took office.

Andrei Kozlov, 41, was the Central Bank of Russia‘s number two official, and had spearheaded banking reform on many fronts. Just this year, he had overseen the closure of 44 banks that were accused of improprieties. He was also at the forefront of deciding which banks could purchase deposit insurance (dubiously financed institutions could not), and he was pushing to make such insurance mandatory, as I understand it is in almost every advanced economy.

In working to bring Russia into line with international standards, Kozlov made a lot of enemies. Contract killings in Moscow are almost never solved.

This entry was posted in A Fistful Of Euros, Political issues and tagged , , by Doug Merrill. Bookmark the permalink.

About Doug Merrill

Freelance journalist based in Tbilisi, following stints in Atlanta, Budapest, Munich, Warsaw and Washington. Worked for a German think tank, discovered it was incompatible with repaying US student loans. Spent two years in financial markets. Bicycled from Vilnius to Tallinn. Climbed highest mountains in two Alpine countries (the easy ones, though). American center-left, with strong yellow dog tendencies. Arrived in the Caucasus two weeks before its latest war.

1 thought on “Risk Premium

  1. I know that many people think that Russia is rather strange and dangerous country…but I didn’t notice many differences between Moskow and Sydney besides the weather, of course;)

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