On Dec. 16, RUS CB updated bank regulation deadline requirements.
RUS CB announced that it made a number of decisions on banking regulation.
Key Points
To expand ability to manage liquidity, RUS CB changed the schedule for the transition of systemically important banks to compliance with the short-term liquidity (STL) ratio.
This will reduce pressure of requirements on credit policy and banking products price.
RUS CB will discuss with SIFIs the possibility of an earlier introduction of the national STL, which will replace the current one: from Jul. 1, 2025 instead of Jan. 1, 2026.
To limit the debt burden of large companies and the credit risks of banks, RUS CB approved a new version of the ordinance on macroprudential buffers, see #234383.
New allowances will apply to the increase in banks' claims on large corporate borrowers with a high debt burden, limit the financing of large, indebted institutions by banks and will help accumulate a capital buffer to cover corporate lending risks.
When deciding on the parameters of macroprudential buffers, RUS CB will take into account the dynamics of corporate lending and the systemic risks of large companies.
RUS CB will closely monitor the scale of the slowdown in lending activity in the coming months and, if necessary, is ready to update the announced deadlines for the buffer.
Which will be updated from Feb. 1, 2025 to Jul. 1, 2025 if the buffer is shown to support banks' ability to ensure balanced credit growth in the economy.
Effectiveness
The updated schedule provides for a shift of six months from the moment when the STL without use of irrevocable credit line should reach 60% from Jul. 1, 2025.
