Bank of Russia Governor Elvira Nabiullina is sick of delegating.
After pouring 1.5 trillion rubles ($23 billion) since 2008 into rescues of failed lenders by outside investors, the central bank wants to handle bailouts on its own, Nabiullina told a financial congress in St. Petersburg on Thursday. The new mechanism will be “cheaper, faster, more manageable and efficient,” she said.
