El notes

He also supported the reform, which suggested Barack Obama. President of the United States at the World Economic Forum in Davos, said that the need to limit the size of bank assets.

In his speech at an informal luncheon Mr. Soros told journalists that the bankers of Wall Street are critical to this initiative .

Many representatives of the banking sector warns against increased government control.

head of Barclays Capital Bob Diamond said that “he sees no reason to reduce the size of banks and limit their activities. ” “This is hardly something to change” – he added.

Other bankers, in particular Jacob Frenkel of JPMorgan Stanley, said they worried about possible “low-quality control” of regulators.

analyzing the various attempts to overcome the crisis, Soros sufficiently praised Obama’s plan to divide the big banks, namely: to separate, for example, the investment unit and credit-deposit activity.

Even after “splitting” as proposed by the President of the United States, the majority of investment banks will still be large enough, said the financier.

order to somehow contain such large banks, as suggested by the Soros Foundation, all leading the housekeeper of the world must come to an agreement on financial regulation and develop uniform rules, in particular, impose strict limitations on the size of loans, which are attracted by these banks for investment projects.

Without the “global agreement”, the capital will be relatively easy to move to countries where regulation is minimal.

However, if all the world’s major economies will participate in such an agreement they will be able to implement the necessary controls on money flows and to prevent possible negative situations, for example the concentration of capital in a small country.

«giant bubble” – so called Soros the current economic crisis. This crisis was born of the existing financial system and the culmination of “bubbles of smaller size, which had accumulated over 25 years. Moreover, the current crisis is a direct consequence of erroneous actions to overcome the “relatively small crisis,” he added.

As regulators and bankers have a “misconception” about how to operate markets. They were blinded by their “ideology” of “market fundamentalism”, according to which markets are not in need of strict regulation and control.

Whenever the bubble bursts, the government and regulators more worsen the situation by lowering interest rates. As a result, a lot of credit to unreliable borrowers cracking the whole system.

Soros praised the two British experts – Edeyre Lord Turner, head of Financial Services Authority, and Mervyn King, the central bank – for the understanding of the crisis and the development of financial policies aimed at preventing its second wave.

easily obtain the money as a result of government support “Banks have become surprisingly quickly get out of the abyss,” said Soros.

However, banks have made a mistake. The bankers behaved as though the income is a result of their own labor and hastily awarded themselves bonuses, thus causing a political storm, reports the BBC.

From the viewpoint of George Soros, is to introduce high taxes on bank profit is strictly impossible, very early. “We have not got out of the forest” – he said.

hard enough to determine the appropriate “financial ceiling” for banks. Nevertheless, the authorities had sufficient time to develop s develop new principles of bank regulation.

The site Bankir.Ru held an online conference on modern trends in employment in the banking sector.

been requested by the level of salaries for the Moscow expert on loans to legal entities with experience. Marina Pavlikova, Chief of Staff Bankir.Ru: «According to the Service Personnel Service Bankir.RU average wage of vacancies from the section” Credits. Legal persons “- 66 tr, although the level of expected wages are much lower than specialists (41 tr). About 10% of all vacancies of the project are in this category ».

Elena Popova, head of banking and finance Penny Lane Personnel notes the large number of applicants for the vacancy in this field. “Currently working on the position of SAM / AM for the western bank (lending jur. persons), necessarily need English language, experience working with legal entities, a strong salesman, puts the skills of credit analysis. This position requires the level of RUR 120,000 net fixed (+ good benefits package )».

The site Bankir.Ru held an online conference on modern trends in employment in the banking sector.

Elena Sidorenko, Head of Investment Banking Department, Staffwell: «Among basic vectors, I would have marked a toughening of requirements for candidates. This refers to the presence of similar future positions of success stories, tracking the causes of all transitions from bank to bank, gather advice and feedback from previous jobs, more carefully evaluated for skills and specific knowledge ».

Elena Popov, head of banking and finance, Penny Lane Personnel: «” Vector “the requirements of our customers for the 2009 – early 2010: the professionals, age (under 35, 37-38 years), some companies are willing to meet with candidates to 50 years, extensive experience, managers, and candidates with “beautiful” resume (not ‘ragged’ resumes), presentation skills are strong, good-looking (have queries, when they wanted only slim candidates were priorities, and the signs of the Zodiac), each case – their demands. For foreign companies – mandatory English language proficiency, specialized certificates for financiers (CPA, for example )».

The money power could be allocated to cover the budget deficit, says the banker. However, Finance Minister Alexei Kudrin is not sure that the market has already recovered and those steps timely. According to the Minister, privatization should begin with another State Bank, VTB. Partial privatization of state-owned banks may allow them to become more market-based: decisions top managers of the bank will be based not on the factors of political necessity, but on economic rationality, experts say.

yesterday in Davos, Switzerland head of Sberbank Herman Gref expressed his opinion on the privatization of state banks. “The State is sufficient to keep in Sberbank share of 25% plus one share,” – reports the agency Bloomberg according to Mr. Gref. He advised to continue the privatization of state banks to cover the $87-billion budget deficit of Russia “and start with the Savings Bank. “The highest capitalization of the Savings Bank allows very profitable to sell a large block of shares”, – said Mr. Gref. Yesterday, according to the RTS, the capitalization of the Savings Bank was $61.738 billion, which is 470% higher than a year ago. According to Gref, the reduction of state ownership in the capital of credit organizations allowed to bail out the $40-50 billion

On leaving the state of the share capital of the Savings Bank so far, said later, Finance Minister Alexei Kudrin. “The market has not recovered after the crisis”, – Minister has reminded the head of Sberbank. In response, Mr. Gref suggested starting with sales of 7,6% of the shares of Sberbank, without which the central bank will still be a majority – 50% plus one share. However, Alexei Kudrin suggested starting with the privatization of VTB, and only then proceed to Sberbank. Sberbank is with us on a more conservative plan because of the social significance, “- said Minister of Finance.

Experts believe that the decision to start with the privatization of VTB is logical, because the state’s share in the capital of VTB higher than in the Savings Bank. The government controls 85,5% of shares in VTB. Based on the quotes on RTS yesterday, the package was worth $21.9 billion Central Bank owns 57.6% stake in Sberbank, with the Central Bank owns 60.25% of the voting shares of the bank (the cost of the package, based on quotations at the RTA — $37 billion).

Part of the idea of privatization of state banks has been realized in the “popular IPO” Sberbank and VTB, in 2007. Then the state share in Sberbank declined by 3 percentage points, VTB – by 22,9%. However, after the offerings the value of the shares of state banks adjusted: yesterday at MICEX VTB shares traded at 45% below the price at IPO, the Savings Bank – by 2%. During the crisis, the state supports the state-owned banks – Sberbank received 500 billion rubles. from the Central Bank and VTB – 200 billion rubles. In addition, the state has purchased an additional issue of VTB 180 billion rubles. “With the gradual revival of Russia’s economy, we think it right to reduce the state’s share in the capital of the bank VTB acquired during the SPO in September 2009″ – handed over yesterday, the press service of the word head VTB Andrey Kostin.

On the output of a number of state enterprises officials spoke again in the autumn of last year. First Deputy Prime Minister Igor Shuvalov said in September about the need to start a new structural privatization and a large number of joint stock companies. Then Alexei Kudrin said the government is preparing a program for improving the efficiency of the economy, which implies, in particular, reducing its presence in the state. The Bank of Russia the idea of privatization of state banks “in principle support”. However, the Central Bank first deputy chairman Alexei Ulyukayev has repeatedly noted that the decline in the share of the Central Bank in the Savings Bank is restricted by law at 50% plus one share. “Before this level we have the right, in consultation with the Government to take such steps, – said Mr. Ulyukaev .- And when the appropriate conditions will arise, we will take such steps”.

Analysts point out that now Sberbank and VTB in the first place realize the interests of the state, which carries a lot of economic risks. “State Bank – a financial arm, which had to serve, the alleged public policy”, – analyst from Troika Dialog, Olga Veselova. In its view, decisions such as the expansion of credit, including in times of crisis, banks should take based on economic rationality, rather than obeying the interests of the principal shareholder in the person of the state. “The Bank should act as a market institution – the analyst believes” VTB Capital, Michael helmets .- As state banks, Sberbank involved in the implementation of public policies and has a social responsibility when making many decisions. ” In his view, after reducing its share of management would have more freedom in making cost-effective solutions for the bank.

If the decision to privatize state-owned banks will be made to grow their investment attractiveness, experts point out. “Increased market share will improve the feedback to management, – believes head of research at JP Morgan in Russia, Alex Kantarovich – eventually will increase liquidity and capitalization of banks – due to the fact that investors would be willing to pay more for paper bank, where there is less risk “.

the case of Russia, according to experts, these initiatives are irrelevant. And our country, most likely destined role of extras in the global financial war. However, if the outflow of speculative capital from the oil market Russia’s economy will suffer one of the first.

Union, Nicolas Sarkozy and Barack Obama, a prisoner in the name of fighting outlaws, prevails today in the Western banking system, turned split Davos economic forum. Representatives of the financial community are trying to prove the inadmissibility of the new rules imposed on them of the banking sector. He opposes the position of governments of a number of joint and several Western states, choosing to speak in this fight with one voice.

first violin played in Davos, the head of France, said at the opening of the Forum that during the great depression of the last two years without interference from the State would have collapsed all. “This is a fact, ideology has nothing to do with it. If we do not make conclusions, we will be irresponsible people. Former vision of the world collapsed. Since then, both had the idea that the market is always right, globalization gone mad “, – said Sarkozy.

In this case the lion’s share of the claims was addressed to the bankers, who have not learned the proper lessons from the financial crisis . The French president has put forward, in effect, an ultimatum. “If we do not intervene in governance (power management), then our system will be swept away by the new economic and political crises, a swirl of protectionism”, – warned Mr Sarkozy. Thus, France is officially supported “Walker Plan”, announced a few days ago the White House, which includes the prohibition of major credit institutions to operate their funds on the stock exchange and have the hedge funds.

In turn, heads of several major Western banks – Lloyds, Barclays, etc. – criticized the intentions of state structures to control the banking sector, which, from their point of view, does not require state regulation and state support. However, this position seems to have become unfashionable. In particular, economist Nouriel Roubini, three years ago in Davos, predicted the current economic crisis, strongly supported the position of the French president. “Ahead of us are waiting for a slow recovery, and years of weak growth, if not a new recession,” – he warned.

According to Russian experts, the war for our country by Western governments and bankers are not very relevant and some fatal consequences likely not follow. “Russia’s banking system is far from perfect”, – says the scientific director of the Higher School of Economics, Yevgeny Yasin. However, the crisis – not the most opportune moment to try to bring it into order, the expert believes.

«I think that the crackdown on bankers’ some truth, but there are a percentage Policy – believes the former first deputy chairman of the Central Bank Sergey Aleksashenko. Public opinion in the United States and France, dissatisfied with the huge sums being spent by governments to rescue the banking system. Banks using the means of state support, despite the crisis, managed to earn respectable, and top managers have been assessed due to their contractual bonuses. That the proposed Obama and Sarkozy, as understood by Aleksashenko, “exponential flogging banks, which, however, to any significant changes will not. But Russia’s banking system, the campaign in general can not touch. This expert referred to the statement by the head of the Savings Bank, Herman Gref that the requirements for their banks by the authorities of some Western countries, are not applicable to Russia.

Director of the Institute of Globalization Problems, Mikhail Delyagin convinced that what some implications for Russia’s economy from the initiatives of Presidents of the United States and France did not come. Including for Russian banks. “We are poorly fit into the global banking system. Our banks, excluding Sberbank, VTB and VEB, minuscule “, – said the expert. The only thing, in his opinion, could take power in Russia, so it exclude the possibility of money laundering Russia’s banks. However, before that, too, it will not come, I am convinced Delyagin. The government and financial authorities are afraid that this will lead to panic among depositors, mass withdrawal of deposits and the crisis of the domestic banking system.

However, some experts believe that the echoes of the war with the banks’ likely raised and Russia. In the case of outflow of international speculative capital, for example, the world oil market Russia’s economy will suffer seriously.

We together with the Central Bank will take the appropriate action to stop such practices – reported Milovidov Vladimir Putin. – Only recently have 30 such suspicious companies licenses revoked “. In 2010, the Federal Financial Markets Service should focus on the fact that the number of financially unreliable, of questionable firms in the financial market has become less, he said. And for this service increases the requirements for equity organizations, summarized Milovidov.

«Since spring of last year we began to notice that stock market participants – non-bank institutions from engaging in transactions on the rise, which are suspicious and subject to the law on money “, – told to” Vedomosti “Milovidov. According to him, these large transactions with shares and promissory notes scheme is mainly brokers, dealers – small companies, deprived of financial stability and reputation. With this, including increased demands related to equity, which is introduced from July 1, 2010 Beginning with the second half of last year’s Federal Financial Markets Service is actively discussing this matter with the Central Bank, provide detailed information on such operations in which glowed some market participants. And the Federal Financial Markets Service began to withdraw their licenses, summarizes Milovidov.

The simplest scheme is money – the client brings the “cache” in a suitcase, he start up a broker account and other accounts with the broker he loses the money in the end customer receives official income, says a top manager of one of the investment companies. But, he said, it is quite difficult to do – identify non-standard exchange transactions, and Federal Financial Markets Service monitors the mutual transaction brokers. Get the comments in the Federal Service for Financial Monitoring and the Central Bank last night failed.

“I am satisfied with today’s vote, representatives of both parties, which confirm Ben Bernanke as head of the Fed’s second term. At the time, yet the nation continues to face daunting effects of recession, Bernanke has shown wisdom and leadership qualities … I congratulate the his re-election and hope for fruitful work in the future “- said in a written statement, Obama distributed the press service of the White House.

Obama suggested the Senate re-election of Mr. Bernanke at the end of August. This decision was taken due to the fact that the U.S. administration welcomed the activities during the crisis, heads of the Federal Reserve, acting as the central bank. According to Obama, with the most severe since the Great Depression economic crisis in the country has managed to overcome thanks largely to the work of the head of the backup system.

former professor at Princeton University, was nominated to head the Fed in October 2005 previous year, U.S. President George W. Bush. Then Bernanke was approved by the Senate almost unanimously (against was filed only one vote) and assumed duties on Feb. 1, 2006. Before that, he was chief economic adviser to the White House.

Bernanke was born Dec. 13, 1953. He graduated from Harvard University, taught at Princeton, where in 1996-2002 he was head of the Department of Economics. In 2002, Bernanke became a member of the Board of Governors Fed.

However, during the past year, Bernanke is assailed on the shaft of criticism, especially from Republicans. The conservative part of society accuses the Fed chairman that he was in the days of the crisis, as well as the entire economic team of 44-th President, first of all to take steps for recovery from the collapse of the bankers and big companies, not “ordinary Americans who had lost their homes and work “.

Bank cards have become part of our lives. A small piece of plastic, standard size (54×86x0, 76mm) creates a certain comfort to its owner. You can pay for the goods, accounts, take credit. But lo little more for what might come in handy this miracle of progress. Moreover, banks in pursuit of a client seeking to satisfy any whim. So as we move this banking product to the masses, he has undergone sizable metamorphosis. Now bank customers can “taste” is not only a range of benefits and participate in charity, but to become nemnozhno artist, inventing a unique design of its plastic.

Today’s most popular payment systems are Visa (Visa Electron , Visa Classic, Visa Gold, Visa Platinum) and Mastercard (Cirrus, Maestro, Mastercard Mass, Mastercard Gold, Mastercard Platinum). But besides the most common conventional type of electronic payment cards or Cirrus / Maestro, standard or classic and gold cards of VISA and MasterCard on the market can find a lot of unusual and original card community representatives. Agency financial statistics Statbanker.ru provided an overview of the most unconventional and unusual banking cards in Russia market.

So, there are special cards for young people. They banks offer bank card ISIC (International Student Identity Card) with the international student identity card. Such a map is, for example, a bank Societe Generale Vostok.

special love expressed banks soccer fans. To fans of this sport lending institutions willing to provide maps with symbols and football related gifts. For example, a bank UniCredit is football cards UEFA Champions League. The bank Barclays – Credit Card Premier League, in which for every spent on the card 100 rubles to the account card is charged 5 bonus points, which can be exchanged for football gifts. Russian Standard Bank offers a football card VISA-FIFA Gold. Petrocommerce Bank offers fans of the club Spartak Moscow map Petrocommerce – Spartacus “with original designs that I can get a discount when purchasing goods and services in shops FC Spartak Moscow and its partners.

Along with bank cards in our lives have become part cell phones. Banks have taken into account that the mobile phone is an attribute of today. Now, many banks, together with leading mobile operators offer a card, on which, for example, for every 30 rubles spent by customers given away 1 bonus ball, which can then be used to pay for mobile communication. Joint cards with MTS offer Raiffeisen Bank, Citibank, Moscow Bank for Reconstruction and Development. Joint credit card with Megafon is a Citibank, and VTB 24 offers a joint card with the “Beeline”.

Rushed to banks to develop special offers for holders of bank cards and, together with the airlines. These programs are quite widely distributed throughout the world. Russia is no exception. The attractiveness of such programs is that for some spent on this card the minimum amount the owner receives one award mile from the airline. In such a map, say, for every 30 rubles spent on the card, its holder will receive 1 mile airline.

For example, according Statbanker, Raiffeisenbank offers a credit card Austrian Airlines, with Citibank – Credit Card Lufthansa and Aeroflot, in Promsvyazbank and Rosbank offer a joint card with airline Transaero. In the Russian Standard Bank can create a joint card with up to three airlines (Transaero, British Airways and Aeroflot). Among the banks offering the joint with the airline Aeroflot cards, there are Sberbank. Masterbank offers card VISA / MasterCard DIAC for regular customers airport “Domodedovo”. The owners of these cards can vospolzovatsya expedited procedure of customs and passport control, as well as business services, seminar rooms, discounts in shops and restaurants at the airport and at registration at the Paveletsky terminal.

There are banks in the arsenal of gift cards and Travel VISA Gift Card and VISA Travel. On such maps are not applied to the name of the holder. Its users will be the one who will sign on the reverse, ie, the one who handed her or peredaryat. It make a sum of money they want to donate or transfer. These maps are at UniCredit bank, Probusinessbank, Union Bank.

Some banks offer joint cards with filling stations. In such cards for each amount spent gets points, which can be used to pay for gasoline in this filling station. Such a map is, for example, at Citibank. By working with the network of petrol Neste Citibank credit cards, drivers of St. Petersburg may receive a discount of 20 cents for each liter of fuel at filling stations. His holder of such a map gives a number of other bonuses.

Do not forget about the bankers and Confessions of a Shopaholic. They were also given special privileges. Thus, a number of banks offer their customers a joint program with discount programs or shops. For example, Raiffeisenbank is a credit card Malina, in which for every spent on the card 200 rubles will give 20 points of this discount program. In Citibank is a joint card with stores Stockmann. At Credit Europe Bank offers credit card Auchan, which is the only card accepted for payment at hypermarkets this trading network. Joint map with a network of electronics stores “M.video” can be executed at Alfa Bank, when you make your purchases on this card, its owner receives a bonus of this network.

There are maps specifically for men or women. Bank cards, separated by “gender” issues, in particular, Alfa-Bank, in addition to the above program. For additional discounts representatives of a strong half provides a “man’s map, and for women – map Cosmopolitan. Map Lady’s card with a focus on discount stores offer women’s and Gazprombank. The bank VTB 24 offers a joint card with an online store Ozon. At Zenith Bank offer a joint map and Technology Center Kuntsevo. In the Moscow Bank for Reconstruction and Development proposes to open a joint card with a network of shops Children’s world, as well as a map with the discount program online dealers Armand.

And one more remarkable feature of our times: recently becoming more common type of card Cash-back, which provides for the return of the amount spent on back to the client’s account. Usually, the amount of return is 1% of the amount spent on the card, and returned to the client’s account at the beginning of the month following the month in which transactions were committed. Such cards offer, such as Citibank, Barclays, Bank of Vanguard.

As for those who often uses the Moscow subway, not necessarily to buy special maps for travel. For its customers, some banks (including Citibank, Bank Avangard, Alfa Bank, Moscow Bank, Master Bank, Rosbank) are ready to offer special bank cards to allow travel in the capital’s subway.

Some banks offer instant or instant issue credit cards, which, if approved, may be obtained within one hour. Pridumali developers bank cards and virtual cards. They are designed for those who pay for goods and services via the Internet, and want to protect themselves from fraud. Lodging virtual cards MasterCard or Visa Virtual can be in several banks. Among them, Alfa Bank, Moscow Bank, Master Bank, Probusinessbank, Promsvyazbank, Shipbuilding Bank.

And someone offers a joint card with charitable funds. Some spent money on this card will be credited to the bank at the expense of charity, with which the card is created.

If you have refined taste and a desire to be like everyone else, banks are willing to offer you a card with individual design. Sketch maps can be selected from the bank list, or provide your own. This service is in the Credit Europe Bank, Alfa Bank, Gazprombank and Juniastrum Bank. And design can be emphasized erotic. As such, the Alfa-Bank, who in August last year, is a unique collection of plastic cards designed by renowned British artist Jason Brooks.

“We will be posting throughout the year, in a lucrative market,” – he said. Borrowing will be made “not one tranche,” – noted the Minister did not rule out that the first tranche will be sold in the first half.

According to Kudrin, ITAR-TASS, the maximum borrowing limit “on current macroeconomic forecasts will be fully elected. The amount of the placement of Eurobonds will go to cover Russia’s budget deficit. He should make this year’s 6.8 percent.

Kudrin rated as high “appetite of foreign investors in Russia’s debt.

The bill to establish in Russia the national payment system will be submitted to the Duma before the end of the week. It is assumed that banks will offer some kobrendovy product – in Russia the new cards will be treated to the national system, and abroad – in the international. The bill states that banks will be able to participate in the project on a voluntary basis. Mandatory release “Russian” cards will be only for the banks issuing social security cards – a Savings Bank, Bank of Moscow and Uralsib. More banks to join the project until a hurry – questions to the national payment system has more questions than answers.

Ksenia Vlasov, head of retail business development Banka24.ru: “Establishment of a national payment system, primarily dependent on government policy on this issue. At the moment did not quite understand the economic levers of a system, so while the act is only a political factor. We can not yet determine for themselves whether participation in this system economically feasible. It is obvious that A new card at first, without state support, will not be able to withstand competition from major international players – Visa, MasterCard and American Express. With the new card will give customers? Here you can expect as an advantage – it can be discounted rates for cash withdrawals at ATMs, so and cons – if kobrendovaya map with international payment systems, the commission may be a double – in favor of Russia and foreign payment system. For Banka24.ru as any commercial bank, primarily important economic indicators – we would like to see the economy new system, but data on its infrastructure and organization of the official sources, no “.