OREANDA-NEWS. December 25, 2012. Sberbank of Russia held the meeting of the Supervisory Board.

The Supervisory Board reviewed the management of the interest rate policy and credit, operational, market and other risks management systems, as well as the measures developed to prevent the unauthorized use of insider information and the closing of the transaction and integration process with Troika Dialog.

German Gref, President and Chairman of the Supervisory Board of Sberbank of Russia, commented: "We have significantly improved our ability to manage interest rate risks as we have now deployed the most advanced management systems in the world ".

Mr Gref also stated that Sberbank of Russia will adopt Basel II from January 2013.