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. Last Updated: 07/27/2016

2,600 Execs on Banker Blacklist


The Central Bank has compiled a list of 2,600 executives who will need special permission to head a financial or credit organization, a top official from the bank said Thursday.

The list contains the names of bankers who, in the past five years, have headed financial organizations that lost their licenses or were penalized by regulators, said Mikhail Sukhov, the Central Bank’s director of licensing activities and rehabilitation of credit organizations.

The Central Bank reserves the right to revoke the candidacy of any person on the list who plans to head a financial or credit organization, Sukhov said.

“We have information that during the past five years they have worked at banks that have had their licenses revoked or have provoked harsh measures from regulators. This means that if they ask us to approve their candidacy, we probably won’t,” he said.

The applicants will have the opportunity to prove that they were not responsible for ruining their organizations, but such cases will probably be few and far in between, Sukhov said.

He said 580 of the individuals on the list worked at banks that had their licenses revoked at the start of the financial crisis last year or banks that found themselves in need of financial assistance.

Sukhov said the Central Bank would never disclose the names on the list.