Adarchenko E.O. Difficulties in determining the status of the Central Bank of the Russian Federation

Abstract: The subject of this research is the status of the CBRF, which in author’s opinion is rather ambiguous. Determination of the Central Bank’s status, its tasks, rights, and responsibilities is necessary in order to ensure that the national banking industry will have a stable and problem-free functionality. The author claims that practically all doctrinal opinions characterize the Central Bank either as a branch of government authority (although exactly which, remains unclear), or as a non-commercial organization. In author’s opinion, none of these approaches can be considered optimal in determining the status of the Central Bank and maintain its functions and principles of operation. Researching and analyzing current proposals of scholars with regards to solution of issue of status of CBRF, the author proposes an original option of codifying the status of the CBRF by passing the law “On Legal Entities under Public Law”, which will stipulate the criteria for becoming a legal entity under public law. Passing this law would resolve the complications and indeterminacy of the status of CBRF, as well as other organizations legally defined as legal entities under private law, while formally conducting executive activity on a nationwide scale.

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