Bank of Russia Bulletin released

Bank of Russia Bulletin No. 102 (2238) of 23 December 2020 has been released.

The issue publishes information on the decisions made by the Bank of Russia Board of Directors to leave unchanged the key rate at 4.50% p.a.; to retain the national countercyclical capital buffer (CCB) rate to banks’ capital adequacy ratios at zero per cent of risk-weighted assets, to keep unchanged macroprudential add-ons to risk ratios for calculating capital adequacy ratios; and to include securities on the Lombard List.

The Credit Institutions section presents a review of the key indicators of the domestic foreign cash market in October 2020.

The issue publishes information on operating credit institutions with the participation of non-residents as of 1 October 2020.

The Bulletin presents the following Bank of Russia orders:

No. OD-2082, dated 15.12.2020, on amending the Appendix to Bank of Russia Order No. OD-2006, dated 4 December 2020;

No. OD-2115, dated 21.12.2020, on amending the Appendix to Bank of Russia Order No. OD-2006, dated 4 December 2020;

No. OD-2116, dated 21.12.2020, on amending the Appendix to Bank of Russia Order No. OD-2052, dated 11 December 2020.

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

No. OD-2081, dated 15.12.2020, on amending the Appendix to Bank of Russia Order No. OD-1974, dated 30 November 2020;

No. OD-2087, dated 16.12.2020, on the revocation of the insurance licence from Medical Insurance Company MEDSTRAKH Limited Liability Company;

No. OD-2099, dated 17.12.2020, on suspending the insurance broker licence of Insurance Broker Project Bankostrahovaniye Limited Liability Company.

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. 730-P, dated 24 August 2020, ‘On the Procedure for Banks to Make Loss Provisions Using Banking Risk Management Methodologies and Quantitative Risk Assessment Models; on Requirements for Banking Risk Management Methodologies and Quantitative Risk Assessment Models Used to Measure Expected Credit Losses; and on Supervision by the Bank of Russia over the Compliance with the Specified Procedure’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 21.12.2020);

Bank of Russia Ordinance No. 5606-U, dated 29 October 2020, ‘On the Procedure for the Bank of Russia to Assign the Central Depository Status’ (becomes effective from 1 January 2021; posted on the Bank of Russia website on 16.12.2020);

Bank of Russia Ordinance No. 5607-U, dated 30 October 2020, ‘On the Procedure for a Bank to Electronically Inform Tax Authorities about Acquiring or Losing the Right to Use Electronic Payment Instruments to Transfer Electronic Money and about Changes to Electronic Payment Instrument Details Specified in Clause 11 of Article 86 of the Tax Code of the Russian Federation’ (becomes effective on 6 January 2021; posted on the Bank of Russia website on 16.12.2020);

Bank of Russia Ordinance No. 5615-U, dated 9 November 2020, ‘On Amending Bank of Russia Instruction No. 188-I, Dated 21 June 2018, ‘On the Procedure for Applying Measures to Credit Institutions (Parent Credit Institutions of Banking Groups) Envisaged by Article 74 of the Federal Law ‘On the Central Bank of the Russian Federation (Bank of Russia)’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 21.12.2020);

Bank of Russia Ordinance No. 5616-U, dated 10 November 2020, ‘On the Application of Certain Bank of Russia Regulations on Accounting and Accounting (Financial) Statements’ (becomes effective on 1 January 2021; posted on the Bank of Russia website on 18.12.2020);

Bank of Russia Ordinance No. 5617-U, dated 10 November 2020, ‘On Amending Certain Bank of Russia Regulations on Accounting and Accounting (Financial) Statements by Non-bank Financial Institutions’ (becomes effective on 1 January 2021; posted on the Bank of Russia website on 18.12.2020);

Bank of Russia Information Letter No. IN-01-59/174, dated 15 December 2020, ‘On the Inadmissibility of Offering Complex Investment Products to Non-qualified Investors’.

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23.12.2020 11.40.00