The Committee on Finance and Banking recommends that the Parliament rejects the Bill on Amendments to the Clause 4 of the Law "On Institutes if the Social Investment" (unit and Private Investment Funds)" (regarding the Increase of the Effectiveness of the Investment Activity of Social Investment Institutes)

31 May 2010, 11:22

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The bill (Reg. No4668) suggests preserving of diversified institutes of the social insurance (ISI) in bank metal and increasing of the boundary value of the assets in diversified ISI in monetary funds, on banking deposits, in savings certificates and banking metals in liabilities of one bank from 10 to 20% and also rejection of the boundary value of indicated directions of savings that today is implemented at the rate 50% from the total rate of the diversified ISI.

 

The Committee members expressed number of remarks to the bill regarding "the possible negative consequences of twofold increase of the minimal rate of ISI assets that are to be placed in one bank through the increase of risks connected with the possible worsening of the finance situation of bank etc."