No, we do not plan to change the approach to regulating rcs data banking associations in the near future. There will be very specific fine-tuning, but basically it will remain as it is today. The main goal of the draft law that we have prepared is to bring associations of non-credit financial institutions up to the level of regulation and supervision that exists today for credit institutions on a consolidated basis.
— You mentioned that one of the criteria that will determine whether an association will fall under your regulation or not is assets of more than 10 billion rubles. Are there any other criteria?
— 10 billion rubles is the only criterion some of the program’s strengths are: and, in our opinion, it is sufficient to exclude from the new regulation small associations that do not bear significant group risks for the financial market.
Of banking groups and holdings?
— What requirements will the Central Bank impose on financial groups and holdings?
— When developing the requirements, we took banking regulation and our current practice as a basis. Plus, we relied on European directives. Which can be highlighted as the main thing.
First, as soon as a financial group
or holding appears in accordance with the law, they must america email announce it. Second, after such an announcement and sending a notification to the Bank of Russia, there is an obligation to submit reports that describe the main indicators of the group or holding.