The Federal Law as of 01.05.2017 No. 84-FZ introduces a new edition of the Labor Code of the Russian Federation. Amendments regulate the protection of the employees of credit institutions (banks) in case of the revoking of a license by the Bank of Russia and in case of bankruptcy. In particular, the new provisions of Article 349.4 provide that within six months after approval of participation plan by the Bank of Russia or the Agency’s participation plan the supervisory management of the credit organization and its branches should not have all wage increases. In addition, in case the bank’s bankruptcy prevention plan is approved, the employer’s obligations related to the bonuses for the control management are terminated.