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through their branches; compliance by a Foreign Bank Branch with the mandatory reserve requirements established by the Bank of Russia in line with Article 38

volatility increased to 62 bp (November: 24 bp). In the December required reserves (RRs) averaging period1 (AP), banks expected a considerable rise in the key

of interest rates on the Bank of Russia’s operations, the required reserve ratios, and other monetary policy parameters. These suggestions are developed with the

finance and credit, financial literacy and financial inclusion, and the BRICS Contingent Reserve Arrangement. The Kazan Declaration of the XVI BRICS Summit reflects the key

International Reserves of the Russian Federation*.......................................................................................................................... 16 1.8. International Reserves and Foreign Currency Liquidity — Russia................................................................................................... 17 1.9. International Reserves Adequacy (International Reserves in

495 771-91-00, +7 495 621-64-65 (fax) Website: www.cbr.ru All rights reserved. The views expressed in this paper are solely those of the authors

the NBFIs and banks are required to report sustainability-related data. Meanwhile, the Reserve Bank of India (RBI) has come out with Draft Disclosure Framework on

from the financial sector. The CSITEG of Department of Supervision in the Reserve Bank of India, regulates and supervises area of cybersecurity and IT, in

expression of any opinion whatsoever on the part of the BRICS Central (Reserve) Banks concerning the legal status of any country, territory, city, area or

An important area of cooperation was the improvement of the BRICS Contingent Reserve Arrangement (CRA) mechanism. In this regard, the central banks of the BRICS