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Bank of Russia Bulletin released

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Bank of Russia Bulletin No. 73 (2209) of 23 September 2020 has been released.

The issue presents information about the Bank of Russia Board of Director’s decision to keep the key rate at 4.25% p.a.

The Credit Institutions section presents consolidated statistics on top 30 Russian banks as of 1 August 2020.

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 Ordinance No. 5521‑U, dated 3 August 2020, ‘On Amending Bank of Russia Instruction No. 199-I, Dated 29 November 2019, ‘On Banks’ Required Ratios and Capital Adequacy Buffers for Banks with a Universal Licence’ (becomes effective on the day of its official publication; posted on the Bank of Russia website on 17.09.2020);

Bank of Russia Ordinance No. 5528‑U, dated 10 August 2020, ‘On Amending Bank of Russia Ordinance No. 2664-U, Dated 11 July 2011, ‘On the Bank Servicing of Individuals Having Current Accounts at Bank of Russia Field Institutions’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 16.09.2020);

Bank of Russia Ordinance No. 5529‑U, dated 10 August 2020, ‘On the Procedure for Authorised Banks, State Corporation Bank for Development and Foreign Economic Affairs (Vnesheconombank) to Pass over to Foreign Exchange Control Agencies Information about Violations of Russian Foreign Exchange Legislation and Acts of Foreign Exchange Regulatory Bodies by Entities Conducting Foreign Exchange Operations’ (becomes effective on 1 April 2021; posted on the Bank of Russia website on 15.09.2020);

Bank of Russia Ordinance No. 5530‑U, dated 11 August 2020, ‘On Amending Bank of Russia Ordinance No. 4990-U, Dated 28 November 2018, ‘On the Procedure for Compiling the Register of Bank Liabilities to Depositors and its Form’ (becomes effective on 1 October 2020; posted on the Bank of Russia website on 18.09.2020);

Bank of Russia Information Letter No. IN-06-59/130, dated 11 September 2020, ‘On Financial Products Passporting’;

Bank of Russia Information Letter No. IN-06-59/131, dated 14 September 2020, ‘On the Forms of Key Information Documents of Microfinance Companies and Consumer Credit Cooperatives’;

Bank of Russia Information Letter No. IN-06-59/133, dated 16 September 2020, ‘On Inadmissibility of Using an Automatic Consent Option for Entering into Additional Voluntary Insurance Agreements When Concluding Agreements on Compulsory Third Party Liability Insurance of Vehicle Owners as Well as When Providing Other Services’.

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Regulator Information

Abbreviation: CBR
Jurisdiction: Russian Federation

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