Aggregated News From Investment Management Regulators

Bank of Russia Bulletin released

Report/Flag

Please complete the required fields.



Bank of Russia Bulletin No. 72 (2312) of 27 October 2021 has been released.

The issue presents information about the Bank of Russia’s decision to raise the key rate by 75 bp to 7.50% p.a.

The Cash Circulation section provides information about cash money supply in circulation as of 1 October 2021.

The issue publishes information on counterfeit money revealed in the Russian banking system in 2021 Q3.

The Credit Institutions section presents a review of key indicators of domestic foreign cash market in August 2021.

The Bulletin publishes the following Bank of Russia orders:

No. OD‑2118, dated 19.10.2021, on amending the Appendix to Bank of Russia Order No. OD‑743, dated 23 April 2021;

No. OD‑2120, dated 19.10.2021, on amending the Appendix to Bank of Russia Order No. OD‑2079, dated 8 October 2021.

The issue presents consolidated data on financial market sectors and information notices.

The Official Documents section publishes the following materials:

Bank of Russia Regulation No. 770‑P, dated 18 August 2021, ‘On Requirements for the Internal Control System, Risk Management System and Business Continuity at Credit History Bureaus’ (becomes effective on 1 January 2022; posted on the Bank of Russia website on 25.10.2021);

Bank of Russia Ordinance No. 5839‑U, dated 30 June 2021, ‘On Amending Bank of Russia Ordinance No. 3740‑U, Dated 27 July 2015, ‘On the Procedure for Insurers to Place Information on the Internet’ (becomes effective on 1 April 2022; posted on the Bank of Russia website on 25.10.2021);

Bank of Russia Ordinance No. 5884‑U, dated 16 August 2021, ‘On the Reissuance, Replacement and Obtaining a Duplicate Insurance Licence by Insurance Agents’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 25.10.2021);

Bank of Russia Ordinance No. 5916‑U, dated 9 September 2021, ‘On Amending Bank of Russia Ordinance No. 4788‑U, Dated 3 May 2018, ‘On Requirements for the Measures Applied by a Financial Market Self-regulatory Organisation to Microcredit Companies for Non-compliance with Federal Law No. 151-FZ, Dated 2 July 2010, ‘On Microfinance Activities and Microfinance Organisations’ and Related Bank of Russia Regulations, and Set by the Internal Standard of a Self-regulatory Organisation’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 25.10.2021);

Bank of Russia Ordinance No. 5917‑U, dated 9 September 2021, ‘On Amending Bank of Russia Ordinance No. 5116‑U, Dated 4 April 2019, ‘On Requirements for Measures (Including Penalty Amounts) Applied by a Financial Market Self-regulatory Organisation of Consumer Credit Cooperatives (Agricultural Consumer Credit Cooperatives) to its Members’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 25.10.2021);

Bank of Russia Ordinance No. 5918‑U, dated 9 September 2021, ‘On Amending Bank of Russia Ordinance No. 5253-U, Dated 11 September 2019, ‘On Setting the Methodology for Calculating Microfinance Companies’ Capital’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 25.10.2021);

Bank of Russia Information Letter No. IN‑015‑44/78, dated 6 October 2021, ‘On the Conditions for Pawn Shops to Insure Real Estate Accepted as Collateral and for Storage’;

Bank of Russia Information Letter No. IN-06-39/82, dated 21 October 2021, ‘On Applying the Principles of the FX Global Code’;

Bank of Russia Information Letter No. IN-06-59/83, dated 22 October 2021, ‘On Restructuring Retail and SME Loans.

This news item was originally published by the Central Bank of the Russian Federation (CBR RU). For more information, please see the Source Link.

Regulator Information

Abbreviation: CBR
Jurisdiction: Russian Federation

Recent Articles

COINS DESK FX LIMITED

We believe this firm may be providing financial services or products in the UK without our authorisation. Find out why you should be wary...

Bright Loans UK Ltd (Clone of FCA Authorised Firm)

Fraudsters are using the details of firms we authorise to try to convince people that they work for a genuine, authorised firm. Find out...

Revision of Recommendation 25 – White Paper for Public Consultation

The Financial Action Task Force (FATF) is conducting a review of Recommendation 25 (R.25) on the transparency and beneficial ownership (BO) of legal arrangements....

Get the latest from Regulatory.News in your inbox!

×