Andrey Kozlov

Biography

Kozlov was born in Moscow and served in the Soviet Army from 1983 to 1985. He then attended the faculty of international economics at Moscow Institute of Finance, where he graduated in 1989.[4] He began working at the Soviet Union's central bank in the same year as a senior economist. He left the Bank of Russia in 1999 to work in the private sector, before returning to the Bank of Russia in April 2002. Kozlov introduced a deposit insurance system and founded the Deposit Insurance Agency to restore public faith in the banking system after the 1998 Russian financial crisis. Kozlov prevented other banks from continuing operation by denying them access to the deposit insurance system. As head of bank supervision, Kozlov withdrew licences from banks suspected of money laundering and other crimes. In 2004, Kozlov took control of Sodbiznesbank, accusing the bank of engaging in laundering ransom money from hostage-taking.[1] In 2006 he revoked the license of Neftyanoi Bank. In 2005, Kommersant reported that Kozlov is "valued as a top-of-the-line professional. He is also given due credit as one of those who started the formation of the stock market in Russia."[1] After his death, Kommersant credited Kozlov with combating "gray schemes," illegal importing practices that minimize customs duties and value-added tax payments. On September 8, 2006, the Friday before his murder, Kozlov gave a speech at a banking conference in Sochi, saying, "Those who have been found out laundering criminal money should probably be barred from staying in the banking profession for life. Such people disgrace the banking system

Research Interest

 Finance