Russian Central Bank Releases 7 Measures It Will Take To Stabilize The Financial Sector

In its latest effort to counter financial instability - and show its commitment to maintaining order and support for the economy - Russia's Central Bank (CBR) has unveiled 7 new measures... Ranging from bank recaps to measures aimed at helping manage interest-rate and credit risks, the reaction in the Ruble is positive for now... as perhaps, taking a lesson from the US, The CBRremoves Mark-to-Market accounting for various credit instruments .... http://www.zerohedge.com