Federal Law No. 395-I of 1990 on Banks and Banking Activities

Russia

(amended through 2009)

Federal Law No. 395-I of 1990 on Banks and Banking Activities governs banks and banking activities in Russia.

The law is organized as follows:

  • General provisions;
  • Procedure for registration of credit organizations and licensing of banking operations;
  • Ensuring stability of the banking system, protection of rights, and interests of depositors and creditors of credit organizations;
  • Inter-bank relations and services to clients;
  • Branches, representative offices, and subsidiary organizations of a credit organization on the territory of a foreign state;
  • Savings operations such as:
    • Bank deposits of natural persons;
    • Bank depositors;
    • System of obligatory insurance of deposits of natural persons in banks;
    • Voluntary deposit insurance funds; and
    • Accounting work in credit organizations and control over their activities.