Why should bank top managers be suspended for 10 years?

[tanjimajuha20]

Top bank managers may be suspended from their positions for 10 years for repeated data leaks, according to a draft law prepared with the participation of the Central Bank. This should help prevent information leaks.

Last year, millions of leaks from the largest credit organizations were reported. However, the National Council of the Financial Market criticized the initiative: if it is implemented, then there may simply be no specialists left on the market who are capable of building the necessary protection.


Russia is planning to egypt whatsapp number database introduce special requirements for the qualifications and business reputation of deputy chairmen of financial organizations responsible for information security (IS). The draft law, prepared with the participation of the Bank of Russia, is at the disposal of Izvestia. It is currently undergoing the procedure of interdepartmental approval, the Central Bank clarified.

The document provides, in particular, for increasing the level of personal responsibility of the deputy head of the bank for information security for violations of information security requirements that led to the leakage of personal data or banking secrecy, the regulator reported. The document concerns not only banks, but also insurance companies, pension funds and microfinance organizations.

The bill introduces a ten-year period during which the deputy chairman for information security is prohibited from holding this position - if he previously worked in a financial organization in the same position during a period when there were violations of information security requirements (and certain measures were repeatedly applied to it during the year).

In fact, this requirement introduces a ten-year ban on holding the position of deputy for information security for the very fact of the occurrence of certain events, as stated in the response to the draft law of the National Council of the Financial Market (NCFM, document dated December 19 in Izvestia).

In the current version of the bill, it turns out that the connection between a person's activities and their disqualification may be completely absent, believes the head of the NSFR Andrey Emelin. For example, if the database was leaked by a subordinate insider, then his manager will be automatically disqualified for 10 years, even if he was not involved in the incident, he emphasized.

"At the same time, in criminal and administrative legislation, even for persons found guilty of committing official crimes, the terms of punishment in the form of a ban on holding certain positions are significantly less than 10 years," the NSFR review notes.

For example, in the Criminal Code, deprivation of the right to hold certain positions or engage in certain activities is established for a period of one to five years. According to the Administrative Code, which regulates, among other things, violations in financial activities, the terms are even shorter - from six months to three years, noted Andrei Emelin.

The NSFR believes that the 10-year ban on holding the position of deputy head of information security is not comparable even with punishments for more serious violations, is disproportionate, unfair and objectively excessive. The measure may also worsen the already difficult situation with the shortage of specialized specialists. If a person cannot work in his specialty for a long time, he risks losing the necessary skills.

Taking this into account, the NSFR in its review proposes to reduce the period during which it is prohibited to hold the position of deputy for information security from 10 to three years.

Andrey Emelin recalled that several years ago, similar disqualification requirements were proposed for specialists in combating money laundering and terrorist financing (AML/CFT). And then the banks also said that there would simply be no one to work in this area. As a result, they abandoned this idea, he summed up.

Izvestia sent inquiries to the largest Russian banks about their attitude to the bill, as well as to the Ministry of Digital Development and the Ministry of Justice.