Bank of Russia Bulletin released

Bank of Russia Bulletin No. 30 (2166) of 29 April 2020 has been released.

The issue presents information about the Bank of Russia Board of Director’s decision to reduce the key rate by 50 bp to 5.50% p.a.

The issue presents information about the Bank of Russia’s decision to establish long-term credit ratings for investing servicemen pension and housing savings; long-term credit ratings of certain assets eligible for calculating capital of non-governmental pension funds; as well as long-term credit ratings; of certain assets eligible for calculating capital of management companies of investment funds, unit investment funds and non-governmental funds and applicants for a management company licence.

The Cash Circulation section publishes information on counterfeit money detected in the Russian banking system in 2020 Q1.

The Credit Institutions section presents a review of key indicators of domestic foreign cash market in February 2020.

The issue publishes lists of credit institutions complying with the requirements of federal laws and resolutions of the Russian Federation Government as of 1 April 2020.

The Bulletin publishes Bank of Russia Order No. OD-714, dated 27.04.2020, on the cancellation of the banking licence of the Moscow-based credit institution NCI ORS (JSC).

The Non-bank Financial Institutions section publishes Bank of Russia Order No. OD-699, dated 23.04.2020, on amending the Appendix to Bank of Russia Order No. OD-436, dated 15 March 2020.

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. 5352-U, dated 16 December 2019, ‘On Cases When Contracts That Are Derivatives Shall Be Concluded Only if the Other Party to Such Contracts Is a Person Performing Functions of a Central Counterparty’ (becomes effective from 1 January 2021; posted on the Bank of Russia website on 21.04.2020);

Bank of Russia Ordinance No. 5418-U, dated 24 March 2020, ‘On Amending Bank of Russia Ordinance No. 4892-U, Dated 31 August 2018, ‘On Types and Characteristics of Assets for Which Risk-based Capital Buffers are Set and on the Methodology for Applying These Buffers to the Said Types of Assets for Credit Institutions to Calculate Their Capital Adequacy Ratios’ (becomes effective 10 days after its official publication, excluding certain clauses of the document which have other effective dates; posted on the Bank of Russia website on 22.04.2020);

Bank of Russia Information Letter No. IN-06-28/80, dated 22 April 2020, ‘On Recommendations for Establishing and Ensuring the Continuity of Boards of Directors (Supervisory Boards) of Public Joint-stock Companies’.

The reference to the Press Service is mandatory if you intend to use this material.

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