Originally from Russia and the Republics Legal Materials - Second Series
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1. The Banking Supervision Committee of the Bank of Russia (hereinafter – Committee) shall be the organ operating on a permanent basis through which the Bank of Russia shall effectuate regulatory and supervision functions established by legislation of the Russian Federation.
2. The committee shall be guided in its activity by the Federal Law “On the Central Bank of the Russian Federation (Bank of Russia)’, other federal laws, the present Statute, decisions of the Council of Directors of the Bank of Russia, and also other acts of the Bank of Russia.
3. The Chairman of the Committee, appointed by the Chairman of the Bank of Russia from among members of the Council of Directors of the Bank of Russia, shall direct the Committee.
The Committee structurally shall consist of the executives of the Bank of Russia to whose functions are relegated banking regulation and banking supervision and the executives of structural subdivisions of the Bank of Russia participating in the realization of the functions of the Bank of Russia with regard to the effectuation of banking regulation and banking supervision.
William E. Butler, Emeritus Professor of Comparative Law in the University of London, attached to University College London, is the John Edward Fowler Distinguished Professor of Law at the Dickinson School of Law, Pennsylvania State University, and Founder and Director of The Vinogradoff Institute.
An authority on the legal systems of Russia and former Soviet nations, he is the author, co-author, editor or translator of more than 3,500 books and articles on Russian, Soviet, Kazakhstan, Ukrainian, Uzbekistan, and other Commonwealth of Independent States legal systems. He has acted as Counsel to the EBRD, European Union, World Bank, United Nations, and Department for International Development of the United Kingdom on individual law reform projects.
The recipient of numerous honors for his service to Russian and international law, Professor Butler is Academician of the National Academy of Sciences of Ukraine and the Russian Academy of Natural Sciences, Associate of the International Academy of Comparative Law, and Member of the Russian Academy of Legal Sciences. He has been elected to his fourth term as a member of the Russian International Court of Commercial Arbitration. In 2003 Professor Butler was awarded the G. I. Tunkin Medal by the Russian International Law Association.