On release of Bank of Russia Bulletin

Bank of Russia Bulletin No. 26 (1980) of 28 March 2018 has been released.

The bulletin reports the Bank of Russia Board of Directors decision to reduce the key rate to 7.25% per annum and changed approaches to setting interest rates on specialised refinancing instruments.

The Credit Institutions section publishes the following Bank of Russia Orders:

No. OD-703, dated 22.03.2018, on amending Appendix 1 to Bank of Russia Order No. OD-3321, dated 27 November 2017;

No. OD-723, dated 23.03.2018, on amending the Appendix to Bank of Russia Order No. OD-373, dated 15 February 2018;

No. OD-724, dated 23.03.2018, on the termination of activity of the provisional administration to manage the Vologda-based credit institution JSC CB Northern Credit;

No. OD-748, dated 23.03.2018, on the termination, by the Fund of Banking Sector Consolidation Asset Management Company, of the functions of the provisional administration to manage the Moscow-based bank PJSC B&N Bank;

The Non-bank Financial Institutions section contains the following Bank of Russia Orders:

No. OD-719, dated 23.03.2018, on the termination of activity of the provisional administration to manage Insurance Group ASKO Limited Liability Company;

No. OD-721, dated 23.03.2018, on amending Appendix to Bank of Russia Order No. OD-92, dated 19 January 2018;

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. 621-P, dated 25 December 2017, ‘On the Procedure for Submission of Bank of Russia Instructions Pertaining to Failure to Meet Qualification Requirements and (or) Business Reputation Requirements, Pertaining to Violations of the Procedure for Share Acquisition, Pertaining to Establishment of Control with Respect to Shareholders in Financial Organisations, Pertaining to Establishment of a Poor Financial Standing; on the List of Individuals to Whom Copies of Instructions Shall Be Sent; on the Procedure for Informing Shareholders in Financial Organisations of Confirmation of Receipt of Such Instructions and the Act of Cancellation of the Instruction; on the Procedure for Setting the Number of Voting Shares of Credit Institutions — In Connection with the Instructions Submitted; on the Procedure for Submitting the Act of Instruction Cancellation, a Notice of Compliance with the Instruction; on the Procedure for Posting Information on Instructions Submitted on the Bank of Russia Website’ (becomes effective10 days after the date of its official publication; posted on the Bank of Russia website on 22 March 2018);

Bank of Russia Ordinance No. 4668-U, dated 26.12.2017 ’On Amending Bank of Russia Ordinance No. 3277, dated 11 June 2014, ‘On the Methodology for Assessment of Banks’ Financial Stability to Recognise the Bank as an Appropriate Participant in the Deposit Insurance System (becomes effective 10 days after the date of its official publication; posted on the Bank of Russia website on 22.03.2018);

Bank of Russia Ordinance No. 4725-U, dated 19.02.2018, ’On Amending Bank of Russia Ordinance No. 2824-U, dated 31 May 2008, ’On Payment System Operators’ Reporting’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 22.03.2018);

Bank of Russia Ordinance No. 4729-U, dated 26.02.2018, ‘On Amending Clause 2 of Bank of Russia Ordinance No. 4515, dated 31 August 2017, ‘On the Procedure for the Bank of Russia to Disclose Information Contained in Statements of Credit Institutions (Banking Groups)’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 22.03.2018).

Bank of Russia Ordinance No. 4749-U, dated 23.03.2018, ‘On Interest Rates on Bank of Russia Deposit Operations’ (becomes effective on the day it is signed; posted on the Bank of Russia website on 23.03.2018);

Bank of Russia Ordinance No. 4750-U, dated 23.03.2018, ‘On Interest Rates on Bank of Russia Lombard Loans’ (becomes effective the day it is signed; posted on the Bank of Russia website on 23.03.2018);

Bank of Russia Ordinance No. 4751-U, dated 23.03.2018, ‘On Interest Rates on Bank of Russia Overnight Loans’ (becomes effective the day it is signed; posted on the Bank of Russia website on 23.03.2018).

Bank of Russia Ordinance No. 4752-U, dated 23.03.2018, ‘On Interest Rates on Loans Secured by Assets or Guarantees’ (becomes effective on the day it is signed; posted on the Bank of Russia website on 23.03.2018);

Bank of Russia Order No. OD‑714, dated 22.03.2018, ‘On Striking the Tula-based credit institution JSC Telecommerce Bank off the Register of Payment System Operators’.

The reference to the Press Service is mandatory if you intend to use this material.

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