Project financing in equity housing construction continued to trend upwards in June 2021.
In January—June 2021, the Bank of Russia revealed 146 financial pyramids, which is 1.5 times more year-on-year, according to the Bank of Russia’s publication.
On 28 July 2021, the Bank of Russia terminated the activity of the provisional administration1 appointed to manage credit institution ROSCOMSNABBANK (PJSC) (hereinafter, the Bank).
The creation of favourable working conditions, the promotion of digitalisation, the launch of financial instruments for sustainable development and long-term financing of the economy, and the training and protection of novice retail investors are strategic areas for the development of the financial market. In its draft Guidelines for the Development of the Russian Financial Market in 2022–2024, the Bank of Russia outlined eight priority areas. The regulator considers it its most important function to create conditions for the development of the financial market, which is primarily achieved by ensuring price and financial stability in any economic conditions, as well as a high-quality competitive environment. This will enhance...
Counterfeit money became less common in the Russian banking system in 2021 Q2.
Regulator sets credit rating levels for investing pension savings and pension reserves in central counterparties’ assets
At its meeting on 23 July 2021, the Bank of Russia Board of Directors decided to set the following credit rating levels for non-bank credit institutions acting as central counterparties, effective from 10 September 2021: ruA- on the national rating scale for the Russian Federation in the classification of the rating agency JSC Expert RA or A-(RU) on the national rating scale for the Russian Federation in the classification of ACRA JSC. The decision was made for the purpose of applying Paragraph 2 of Clause 3 of Article 18 and Subclauses 3 and 4 of Clause 3 of Article 24.1 of Federal Law No. 75-FZ, dated 7 May 1998, ‘On Non-governmental Pension Funds’.
The Bank of Russia amended the methodology for estimating household debt burden at the macrolevel by improving the accuracy of debt service ratio (DSR) calculation through the use of anonymous data of credit history bureaus with respect to individual loans and borrowers.
The July 2021 results of the monitoring of the maximum interest rates on deposits1 in Russian rubles of the top ten credit institutions2 attracting the largest amount of household deposits are as follows:
Online press conference on Russian financial market development in next three years to take place on 28 July at 11:30
The press conference on the Guidelines for the Development of the Russian Financial Market in the next three years will be attended by Bank of Russia First Deputy Governor Sergey Shvetsov.
On 26 July 2021, the Bank of Russia terminated activity of the provisional administration1 appointed to manage Settlement Non-bank Credit Organization Joint Stock Company Narat, or SNBCO JSC Narat (hereinafter, the NCO).
Regulator Name: Central Bank of the Russian Federation (Bank of Russia)
Jurisdiction: Russian Federation
Email: [email protected]
AMF is warning retail investors on the importance of consulting the white list of digital asset service providers (DASPs)
The AMF is calling on the extreme vigilance of retail investors when dealing with offers to invest in crypto-assets. The regulatory authority reminds of the existence of a Read more
C459 – Reporting obligations (‘the AIFMD Reporting obligation’) under articles 4(3)(d) and 31(1), (2) and (4) of the Alternative Investment Fund Managers...
See the Circular published by the Cyprus Securities and Exchange Commission (CySEC CY) here: Source link