On release of Bank of Russia Bulletin

Bank of Russia Bulletin No. 34 (1630) of 15 April 2015 has been released.

The issue publishes information on preliminary selection of audit firms which may be charged by the Bank of Russia to audit non-bank financial institutions. The Bulletin provides information on the Bank of Russia adjustment ratios used to adjust the value of bonds eligible as collateral for Bank of Russia loans. The issue publishes the list of securities included in the Bank of Russia Lombard list in compliance with the decision of the Bank of Russia Board of Directors of 10 April 2015.

The section Credit Institutions provides a review of the situation in the domestic foreign currency market in February 2015. The issue publishes the following Bank of Russia orders:

No. OD-755, dated 9 April 2015, on updating the provisional administration personnel of the Saransk-based credit institution CB Intercapital-Bank LLC (the Republic of Mordovia);

No. OD-757, dated 9 April 2015, on updating the provisional administration personnel of the Makhachkala-based credit institution Dagenergobank LLC.

The issue publishes information from the state corporation Deposit Insurance Agency for depositors of Dagenergobank LLC.

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

No. OD-736, dated 7 April 2015, on appointing the provisional administration to the insurance company Kupecheskoe Insurance Company, limited liability company;

No. OD-742, dated 7 April 2015, on appointing the provisional administration to the insurance company SEVERNAYA KAZNA Insurance Company, limited liability company;

No. OD-745, dated 7 April 2015, on appointing the provisional administration to the insurance company joint-stock company SOYUZ INSURANCE COMPANY;

No. OD-764, dated 9 April 2015, on restricting the insurance licence of the open joint-stock company ZHASCO Railway Insurance Company.

The Bulletin presents weekly general data on financial market sectors, as well as information notices by the Bank of Russia.

Bank of Russia Bulletin No. 34 publishes the following official documents:

Bank of Russia Ordinance No. 3576-U, dated 25 February 2015, ‘On Recognising Invalid Bank of Russia Ordinance No. 2964-U, dated 16 January 2013, On Presenting and Publishing Annual Financial Statements by Credit Institutions in accordance with the International Financial Reporting Standards’ (becomes effective from 1 July 2015);

Bank of Russia Ordinance No. 3580-U, dated 2 March 2015, ‘On Presenting Financial Statements by Credit Institutions’ (becomes effective 10 days after the official publication in the Bank of Russia Bulletin and shall be applied to statements for the first six months of 2015);

Bank of Russia Ordinance No. 3602-U, dated 19 March 2015, ‘On Amending Bank of Russia Ordinance No. 3081-U, dated 25 October 2013, On Disclosing Information on Activities by Credit Institutions’ (becomes effective 10 days after the official publication in the Bank of Russia Bulletin and shall be applied to statements from 1 July 2015);

Bank of Russia Ordinance No. 3603-U, dated 19 March 2015, ‘On Amending Bank of Russia Ordinance No. 2005-U, dated 30 April 2008, On Assessing Banks’ Economic Situation’ (becomes effective 10 days after the official publication in the Bank of Russia Bulletin, except for Clause 1 of the Ordinance. Clause 1 of the Ordinance becomes effective from 1 October 2015);

Bank of Russia Ordinance No. 3606-U, dated 23 March 2015, ‘On Amending Bank of Russia Ordinance No. 3194-U, dated 27 February 2014, On the Procedure of Disclosure of Interest Rates on Bank Deposit Agreements with Individuals by Credit Institutions’ (becomes effective 10 days after the official publication in the Bank of Russia Bulletin and shall be applied to disclosure of interest rates on bank deposit agreements with individuals from April 2015);

Bank of Russia Ordinance No. 3607-U, dated 23 March 2015, ‘On Determining Basic Return on Deposits’ (becomes effective 10 days after the official publication in the Bank of Russia Bulletin);

Bank of Russia Letter No. 016-41-1/3171, dated 9 April 2015, ‘On the Specifics of Application of Bank of Russia Regulations’;

Bank of Russia Letter No. 014-12-4/3201, dated 9 April 2015, ‘On Implementing UN Security Council Resolution 2199 (2015)’.

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