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.