Guidelines for the Development of the Russian Financial Market
Bank of Russia
BANK OF RUSSIA: OVERVIEW
The Central Bank of the Russian Federation
14
NEWSLETTER
Key news from the Bank of Russia
May 23, 2018
The Bank of Russia raises risk ratios on FX loans and securities, effective from July 1. The new FX risk weights
are: 110% (from 100%) for exporters, 150% (from 130%) for real estate purchase, 130% (from 110%) for other FX
corporate loans.
The Bank of Russia tightens the regulation of unsecured consumer credits by reviewing its requirements for risk-
weights.
The Bank of Russia suggests introducing the principle of proportionality in non-bank financial institutions regulation.
Law on rehabilitation of insurance companies was signed.
May 1, 2018
April 24, 2018
April 23, 2018
March 29, 2018
March 23, 2018
The Bank of Russia cuts the key rate by 25 bp to 7.25% p.a.
The risk ratios for mortgage loans with LTV higher than 80% and 90% are tightened by the Bank of Russia,
reaching 150% and 300% respectively.
January 1, 2018
Basel III in force: Leverage ratio (except for banks with basic license), NSFR - for D-SIBS;
✓ Unification of personal income tax regimes for Ruble bonds and bank deposits;
✓ Bank of Russia switches to proportional regulation of the banking system;
✓ Capital buffers under Basel III are increased: capital conservation buffer is 1.875%; countercyclical
capital buffer is 0%; buffers for systemically important banks are at 0.65%
✓ Banks are required to introduce International Financial Reporting Standard (IFRS) 9, which
supersedes IAS 39;
✓ Deposit Insurance Agency increases its base rate at which quarterly payments are made to
the deposit insurance fund from 0.12 to 0.15% of the basis for calculation.
June 16, 2017
New Banking Sector Consolidation Fund bailout mechanism enacted.View entire presentation