Bank of Russia introduces new national regulation to manage liquidity coverage risk
Starting from 30 October 2025, systemically important credit institutions (SICIs) will begin to comply with a new National Liquidity Coverage Ratio (NLCR) instead of the currently existing Basel LCR.
The changes will enable SICIs to assess their risks more accurately by taking into account the specifics of the Russian financial market. The regulator expanded the composition of high-quality liquid assets and updated the outflow rates of monetary funds, among other things.
Banks are to submit their first NLCR data as of 1 November 2025. The reporting form for the new ratio is scheduled to become effective in January 2026; until then, banks will submit their NLCR data as part of the existing reporting form for the Basel ratio. Additionally, the Bank of Russia will provide SICIs with clarifications on the completion of the new reporting form.