approach. The requirements will apply to associations gambling database that have assets in excess of 10 billion rubles. We have determin that 53 financial associations will be form with a total asset size of over 20 trillion rubles. About half of them (27) are financial groups, the other half are financial holdings (26).
Most NFO associations are cross-sectoral
They include NFOs operating in different sectors of the financial market, so their division by sectors can only be conditional. Thus, approximately 40% of groups will be head by insurance organizations (11 out of 27), 35% by professional participants in the securities market and podemos has appear in many polls management companies (10 out of 27), 15% by NPFs (4 out of 27), and the rest by financial groups head by exchanges (2 out of 27). Given the 10 billion ruble bar on the microfinance organization market, we are currently forecasting the formation of only financial holdings, but not financial groups.
I would like to note that a group of companies
in which the share of a crit institution is less than 50% will be consider a financial group or financial holding, and not a banking group or holding. Over 50% – the association will always remain a banking group or banking holding. It was important for us to make this decision in order to avoid duplication of regulation. Otherwise, we would have a situation where, on the one hand, for america email example, it is a financial group, and on the other hand, it is a banking holding, which we would like to avoid. Because an excessive burden on market participants is not part of the objectives of our project.