Russian Financial Sector Update

Bank of Russia FINANCIAL SECTOR OVERVIEW The Central Bank of the Russian Federation BANKING SECTOR: CURRENT AGENDA Shaping a favourable operating environment and supporting market competition Proportional banking regulation: differentiating regulatory burden for banks based on their size and simplifying requirements for smaller banks focused on retail and SME lending Consulting supervision: aiming to remedy problematic situations in banks at an early stage New resolution mechanism: reducing financial costs and execution period of the resolution procedure Development of macroprudential regulation: streamlining the regulation, introducing countercyclical approach Imminent introduction of PTI ratio in order to affect the consumer lending market more efficiently New regulations to the credit history bureau: entrusting several strategic credit bureaus with the function of aggregating information on debt payments Development of banking supervision: introduction of the Basel Committee on Banking Supervision (BCBS) standard on capital requirements for banks' equity investment in funds (since December 16, 2017) Basel III in force: Leverage ratio (except for banks with basic license), NSFR - for D-SIBS 26

View entire presentation