Banking regulation: key trends in 2017 Q2

The newly published Bulletin of Banking Regulation for 2017 Q2 introduces a package of documents which will build a regulatory framework for a basic licence bank as a new type of credit institution. The regulatory change is mainly aimed at the rollout of differentiated regulation for banks of various scales and profiles. Basic licence banks will enjoy streamlined regulation; as a general rule, they will be exempt from compliance with technically complex standards.

The bulletin also introduces new approaches to the regulation of banking groups and holdings. The Bank of Russia came up with these new principles following discussion with the professional community of a relevant advisory report. The regulator also routinely presents changes to the methodology for structuring and implementing consolidated supervision, alongside rules on advising  a broad range of users about credit institutions’ and banking groups’ operations.