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RPT-Russia's Kudrin denies offered super-regulator post

Tuesday, 9 Oct 2012 | 6:45 AM ET

(Repeats for techhnical reasons (changes default language for some subscribers)

MOSCOW, Oct 9 (Reuters) - Russia's former finance minister Alexei Kudrin, who has a reputation among investors for fiscal prudence, denied a news agency report that he had been offered the post of head of a proposed financial super-regulator.

Russia's government is considering a merger of the Federal Service for Financial Markets and the central bank to concentrate the regulation of financial markets and banks in one institution.

On Monday Russian state news agency RIA reported that Kudrin had been offered the job, citing the former minister himself.

"The information that appeared in the media yesterday...is wrong. I did not get such an offer," Kudrin said on his twitter account @Aleksei_Kudrin.

There had been other Russian media reports in recent weeks that the government may tap Kudrin for the new position.

Kudrin, post-Soviet Russia's longest-serving finance minister, resigned in 2011 after Vladimir Putin announced he would seek a third term as president and swap roles with Dmitry Medvedev, who became prime minister.

He remains influential, supporting opposition protests demanding free and fair elections, and there is frequent speculation about his return to the government or appointment to the central bank.

Kudrin, 51, has told Reuters that he would not serve under Medvedev and criticised the government for failing to pass reforms that would encourage investment in modernising and diversifying the economy .

Kudrin is credited with ensuring Russia stored away some of its oil wealth during boom years, creating fiscal reserves that proved useful to cushion the impact of the 2008-2009 crisis.

(Reporting by Maya Dyakina; Editing by Jason Bush and Anthony Barker)

((maya.dyakina@thomsonreuters.com)(+7-495-775-12-42))

Keywords: KUDRIN FINANCIAL MARKETS