Bank of Russia Bulletin released

Bank of Russia Bulletin No. 77 (2031) of 10 October 2018 has been released.

The issue publishes the following information on:

countercyclical buffer to capital adequacy ratio and other macroprudential measures of the Bank of Russia;

setting buffers to risk ratios for calculating capital adequacy requirements by credit institutions;

approved list of systemically important credit institutions.

The Credit Institutions section presents lists of credit institutions complying with the requirements set forth by law and Russian Government resolutions.

The Bulletin publishes the following Bank of Russia orders:

No. OD-2564, dated 02.10.2018, on amending Appendix 1 to Bank of Russia Order No. OD-2140, dated 28 July 2017;

No. OD-2566, dated 02.10.2018, on amending the Appendix to Bank of Russia Order No. OD-2150, dated 17 August 2018;

No. OD-2567, dated 02.10.2018, on amending the Appendix to Bank of Russia Order No. OD-2277, dated 31 August 2018;

No. OD-2568, dated 02.10.2018, on amending the Appendix to Bank of Russia Order No. OD-2277, dated 31 August 2018;

No. OD-2586, dated 05.10.2018, on the revocation of a banking licence and cancellation of a professional securities market participant licence of the Volgograd-based credit institution JSC JSCB KOR;

No. OD-2587, dated 05.10.2018, on appointing the provisional administration to the Volgograd-based credit institution JSC JSCB KOR due to the revocation of its banking licence;

No. OD-2588, dated 05.10.2018, on the revocation of a banking licence and cancellation of a professional securities market participant licence of the Moscow-based credit institution JSC CB Flora-Moscow;

No. OD-2589, dated 05.10.2018, on appointing the provisional administration to the Moscow-based credit institution JSC CB Flora-Moscow due to the revocation of its banking licence;

No. OD-2607, dated 05.10.2018, on amending the Appendix to Bank of Russia Order No. OD-2587, dated 5 October 2018;

No. OD-2613, dated 08.10.2018, on amending the Appendix to Bank of Russia Order No. OD-2424, dated 17 September 2018;

No. OD-2614, dated 08.10.2018, on the termination of activity of provisional administration to manage the Samara-based credit institution JSC JSCB GAZBANK;

No. OD-2616, dated 08.10.2018, on amending the Appendix to Bank of Russia Order No. OD-1435, dated 6 June 2018;

No. OD-2617, dated 08.10.2018, on the termination of activity of provisional administration to manage the Moscow-based credit institution JSC CB RUBLEV.

The issue publishes information of the DIA for the depositors of JSC Grand Invest Bank and JSC CB Mikhaylovsky PZhSB.

The Non-bank Financial Institutions section publishes the following Bank of Russia orders:

No. OD-2559, dated 02.10.2018, on amending the Appendix to Bank of Russia Order No. OD-2258, dated 30 August 2018;

No. OD-2578, dated 03.10.2018, on amending the Appendix to Bank of Russia Order No. OD-1107, dated 27 April 2018.

The Bulletin informs about the results of the disposal of the assets of JSC NPF MECHEL-FUND via a public tender offer and the disposal of the assets of the 1st NPF JSC.

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. 4874-U, dated 26 July 2018, ‘On Amending Bank of Russia Regulation No. 590-P, Dated 28 June 2017, ‘On the Procedure for Making Loss Provisions by Credit Institutions for Loans, Loan and Similar Debts’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 08.10.2018);

Bank of Russia Ordinance No. 4888-U, dated 30 August 2018, ‘On Invalidating Certain Bank of Russia Regulations on State Registration of Credit Institutions and Issuance of Banking Licences’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 04.10.2018);

Bank of Russia Ordinance No. 4896-U, dated 3 September 2018, ‘On the Methodology for Measuring Insurer’s Capital (Excluding Mutual Insurance Companies)’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 05.10.2018);

Bank of Russia Ordinance No. 4897-U, dated 3 September 2018 ‘On Amending Bank of Russia Ordinance No. 4298-U, Dated 22 February 2017, ‘On the Procedure for Investing an Insurer’s Capital and the List of Assets Eligible for Investment’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 05.10.2018).

The Deposit Insurance Agency section highlights the following:

the procedure for calculating insurance premiums of 26 September 2018 (becomes effective on 1 January 2019 and applies to the calculation of the estimated base of insurance premiums over 2019 Q1 and the next settlement periods);

the procedure for the DIA to interact with agent banks to pay out insurance indemnity (as amended).

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