Guidelines for the Development of the Russian Financial Market slide image

Guidelines for the Development of the Russian Financial Market

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 - 25
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