Financial Sector Overview
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
Risk-oriented 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
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Imminent introduction of PTI ratio in order to
affect the consumer lending market more
efficiently
New regulations to the credit bureaus:
authorising 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 II and III in force: Leverage ratio (except for
banks with basic license), NSFR - for Domestic-
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