On anti-crisis measures in banking regulation

The Bank of Russia took the decision to change the use of anti-crisis measures in banking regulation stated in Bank of Russia Ordinance No. 3498-U, dated 18 December 2014, ‘On Reclassification of Securities’ (hereinafter Bank of Russia Ordinance No. 3498-U) and Bank of Russia letters No. 209-T, No. 210-T and No. 211-T, dated 18 December 2014, ‘On the Specific Use of Bank of Russia Regulations’ (hereinafter Bank of Russia letters No. 209-T, No. 210-T and No. 211-T). This decision was taken due to the discussion with the banking community of the further usage by credit institutions of these measures held at the meeting on 13 May 2015.

The Bank of Russia informs on the following changes to be introduced in banking regulation from 1 July 2015:

1. Provisions stipulated by Bank of Russia letters No. 209-T and No. 210-T, dated 18 December 2014, will be extended up to 1 October 2015;
2. Provisions stipulated by Bank of Russia Letter No. 211-T will be extended up to 1 October 2015 in part concerning five foreign currencies with setting the following exchange rates against the ruble:

• US$ — 45 rubles, euro — 52 rubles, pound sterling — 70 rubles, Swiss franc — 47 rubles and 100 yen — 38 rubles.

Bank of Russia Ordinance No. 3498-U is not supposed to be extended.

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15.05.2015 00.00.00