On release of Bank of Russia Bulletin

Bank of Russia Bulletin No. 111 (1945) of 20 December 2017 has been released.

The issue publishes information about the National Financial Board meeting and the Bank of Russia Board of Director decision of 15 December whereby the Bank of Russia key rate and interest rates on Bank of Russia specialised refinancing instruments were reduced.

The Credit Institutions section presents information about persons accredited with the Bank of Russia as receivers of bankrupt credit institutions as of 12 December 2017.

The Bulletin publishes the following Bank of Russia Orders:

No. OD-3525, dated 15.12.2017, on appointing limited liability company Fund of Banking Sector Consolidation Asset Management Company to perform the functions of the provisional administration of the Moscow-based bank Promsvyazbank PJSC;

No. OD-3526, dated 15.12.2017, on appointing limited liability company Fund of Banking Sector Consolidation Asset Management Company to perform the functions of the provisional administration of the Moscow-based PJSC B&N Bank;

No. OD-3527, dated 15.12.2017, on the revocation of the banking licence and on cancelling licence of professional securities market participant of the Moscow-based credit institution Bank Solidarnost (JSC);

No. OD-3528, dated 15.12.2017, on appointing the provisional administration to the Moscow-based credit institution Bank Solidarnost (JSC) following revocation of its banking licence;

No. OD-3532, dated 15.12.2017, on amending Appendix to Bank of Russia Order No. OD-3474, dated 12 December 2017;

The Non-bank Financial Institutions section publishes Bank of Russia Order No. OD-3504, dated 14.12.2017, on licence revocation from the Limited Liability Company Insurance Company Civil Insurance House.

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 Regulation No. 605-P, dated 2 October 2017, ‘On the Procedure for Credit Organisations to Account Transactions to Place Funds under Loan Agreements, Transactions to Purchase Receivables from Third Parties Related to the Performance of Cash Liabilities, Transactions Related to Liabilities under Bank Guarantees Issued and Funds Provision’ (becomes effective on 1 January 2019; posted on the Bank of Russia website on 14.12.2017).

Bank of Russia Ordinance No. 4574-U, dated 10 October 2017, ‘On Amending Clause 1.8 of Bank of Russia Instruction No. 178-I, Dated 28 December 2016, ‘On Establishing Values (Limits) of Open Currency Positions, Methodology for their Calculation and Specifics of Supervision over their Compliance by Credit Institutions’ (becomes effective 10 days after its official publication) (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 15.12.2017);

Bank of Russia Ordinance No. 4608-U, dated 16 November 2017, ‘On Amending Bank of Russia Ordinance No. 4186-U, dated 11 November 2016, ‘On the Procedure for Maintaining the Register of Insurers’ Associations, Including the Timeframes for Entering into it Information on Insurers’ Associations (Changes to Such Information), on the List of Documents Serving As the Basis for Entering Such Information (Changes to Information) into the Register of Insurers’ Associations and on the Procedure for the Insurers’ Association to Submit Information to the Bank of Russia’ (becomes effective after 10 days after day of its official publication; it is officially published on the site of Bank of Russia on 14.12.2017);

Bank of Russia Ordinance No. 4642-U, dated 8 December 2017, ‘On Amending Bank of Russia Ordinance No. 3801-U, Dated 17 September 2015, ‘On Recognising Bank Financial Standing as Meeting the Criteria for the Payment of Insurance Premiums at Higher Additional Rates’ (becomes effective 10 days after the date of its official publication; posted on the Bank of Russia website on 14.12.2017);

Bank of Russia Ordinance No. 4648-U, dated 15 December 2017, ‘On Interest Rates on Bank of Russia Deposit Operations’ (becomes effective the day it is signed; posted on the Bank of Russia website on 18.12.2017);

Bank of Russia Ordinance No. 4649-U, dated 15 December 2017, ‘On Interest Rates on Loans Secured by Assets or Guarantees’ (becomes effective the day it is signed; posted on the Bank of Russia website on 18.12.2017);

Bank of Russia Ordinance No. 4650-U, dated 15 December 2017, ‘On Interest Rates on Bank of Russia Lombard Loans’ (becomes effective the day it is signed; posted on the Bank of Russia website on 18.12.2017);

Bank of Russia Ordinance No. 4651-U, dated 15 December 2017, ‘On Interest Rates on Bank of Russia Overnight Loans’ (becomes effective the day it is signed; posted on the Bank of Russia website on 18.12.2017).

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