Bank of Russia Bulletin released

Bank of Russia Bulletin No. 98 (2052) of 29 December 2018 has been released.

The calendar of key monetary policy events for 2019 has been updated.

The Credit Institutions section presents consolidated statistics on top 30 Russian banks as of 1 December 2018.

The Bulletin publishes the following Bank of Russia orders:

No. OD-3354, dated 27.12.2018, on terminating the activity of the provisional administration of the Kostroma-based credit institution CB Aksonbank LLC;

No. OD-3388, dated 28.12.2018, on terminating the activity of the provisional administration of the Moscow-based credit institution JSC New Industrial Bank;

No. OD-3390, dated 28.12.2018, on terminating the activity of the provisional administration of the Moscow-based credit institution JSCB INKAROBANK (JSC);

No. OD-3413, dated 29.12.2018, on amending Appendix 1 to Bank of Russia Order No. OD-3272, dated 21 December 2018.

The Non-bank Financial Institutions section publishes Bank of Russia Order No. OD-3324, dated 26.12.2018, on the revocation of the insurance licence of Insurance Company Allega LLC.

The issue presents consolidated data on financial market sectors and information notices by the Bank of Russia.

The Official Documents section publishes the following materials:

Bank of Russia Ordinance No. 4926-U, dated 8 October 2018, ‘On the Form and Procedure for Funds Transfer Operators, Payment System Operators, and Payment Infrastructure Operators to Inform the Bank of Russia about All Actual and/or Attempted Funds Transfers Without the Customer’s Consent and Receive from the Bank of Russia’s Database Information about Actual and Attempted Funds Transfers Without the Customer’s Consent, and on the Procedure for Funds Transfer Operators, Payment System Operators, and Payment Infrastructure Operators to Counter Funds Transfers Without the Customer’s Consent’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 27.12.2018);

Bank of Russia Order No. OD-3400, dated 28 December 2018, ‘On the Allocation of Duties to Control and Supervise the Compliance with the Russian Legislation by Companies Operating in the Securities Market, Operating as a Central Depository or Trade Organiser, Engaged in Clearing, Operating as a Central Counterparty, Repository or Financial Market Self-regulatory Organisation Comprising Professional Securities Market Participants, and on Cancelling Individual Bank of Russia Orders’;

Bank of Russia Information Letter No. IN-06-59/79, dated 28 December 2018, on the methods to verify information received from potential borrowers;

Bank of Russia Information Letter No. IN-06-59/83, dated 29 December 2018, on practices used to terminate the accrual of interests and penalties under consumer loan agreements;

The Report on the Annual Monitoring of Insurance Rates Used in Compulsory Insurance of the Carriers’ Third Party Liability for Personal Injury and Damage to the Property of the Passengers, on the Rates Feasibility and the Influence of this Type of Insurance on the Development of Businesses in the Transport Sector in 2013-2017.

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