Bank of Russia Bulletin released

Bank of Russia Bulletin No. 22 (2074) of 27 March 2019 has been released.

The issue highlights the Bank of Russia’s decision to keep the key rate unchanged at 7.75% p.a. and also information on the securities included in the Bank of Russia Lombard List.

The Credit Institutions section presents a review of key indicators of domestic foreign cash market in January 2019. The Bulletin publishes information about the Russian banking system as of 1 March 2019.

The Bulletin publishes the following Bank of Russia orders:

No. OD-566, dated 20.03.2019, on the termination of activity of the provisional administration to manage the Moscow-based credit institution JSCB RUSSOBANK;

No. OD-567, dated 20.03.2019, on the termination of activity of the provisional administration to manage the Rostov-on-Don-based credit institution PJSC Donkhlebbank;

No. OD-646, dated 25.03.2019, on amending the Appendix to Bank of Russia Order No. OD-513, dated 14 March 2019;

No. OD-647, dated 25.03.2019, on amending the Appendix to Bank of Russia Order No. OD-475, dated 7 March 2019;

No. OD-648, dated 25.03.2019, on amending the Appendix to Bank of Russia Order No. OD-475, dated 7 March 2019;

No. OD-649, dated 25.03.2019, on amending the Appendix to Bank of Russia Order No. OD-208, dated 30 January 2019;

No. OD-650, dated 25.03.2019, on amending the Appendix to Bank of Russia Order No. OD-210, dated 31 January 2019;

No. OD-651, dated 25.03.2019, on amending Appendix 1 to Bank of Russia Order No. OD-2853, dated 31 October 2018.

The issue publishes information of the DIA for the depositors of ROSCOMSNABBANK (PJSC).

The Non-bank Financial Institutions section contains the following Bank of Russia orders:

No. OD-544, dated 18.03.2019, on the revocation of insurance licences from Insurance Company RUSSKAYA KORONA Limited Liability Company;

No. OD-607, dated 21.03.2019, on amending Appendix to Bank of Russia Order No. OD-519, dated 14.03.2019;

No. OD-609 , dated 21.03.2019, on the revocation of insurance licences from Insurance Company ASKO-Life Limited Liability Company;

No. OD-613, dated 21.03.2019, on amending Bank of Russia Order No. OD-521, dated 14.03.2019;

No. OD-637, dated 22.03.2019, on the termination of activity of the provisional administration of Insurance Joint-stock Company YAKOR;

No. OD-638, dated 22.03.2019, on amending the Appendix to Bank of Russia Order

No. OD-523, dated 14 March 2019.

The issue publishes information on the disposal of assets of the 1st NPF JSC; on the results of the disposal of the assets of the 1st NPF JSC; on the termination of forced liquidation of JSC NPF Zashchita Budushchego; on the termination of forced liquidation of JSC NPF MECHEL-FUND.

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 Regulation No. 672-P, dated 9 January 2019, ‘On Requirements for Data Protection in the Bank of Russia Payment System’ (becomes effective 10 days after its official publication except for the provisions for which other effective periods are established; posted on the Bank of Russia website on 26.03.2019);

Bank of Russia Ordinance No. 5055-U, dated 11 January 2019, ‘On Minimum (Standard) Requirements for the Conditions and Procedure to Provide Voluntary Life Insurance with Periodic Insurance Payments (Rents, Annuities) and/or Participation of a Policyholder in the Investment Income of an Insurer’ (becomes effective from 1 April 2019; posed on the Bank of Russia website on 26.03.2019);

Bank of Russia Ordinance No. 5072-U, dated 12 February 2019, ‘On the Specifics of Applying Buffers to Risk Ratios for Certain Assets of Credit Institutions Which Commit to Use Banking Methodologies for Risk Management and Models of Qualitative Risk Assessment for Calculating Required Ratios’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 18.03.2019);

Bank of Russia Ordinance No. 5075-U, dated 22 February 2019, ‘On Requirements for Internal Control Rules of Credit Institutions and Non-bank Financial Institutions Designed to Counter the Proliferation of Weapons of Mass Destruction’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 25.03.2019);

Bank of Russia Ordinance No. 5083-U, dated 27 February 2019, ‘On Amending Bank of Russia Regulation No. 375-P, Dated 2 March 2012, ‘On Requirements for a Credit Institution’s Internal Control Rules Designed to Counter the Legalisation (Laundering) of Criminally Obtained Incomes and the Financing of Terrorism’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 25.03.2019);

Bank of Russia Ordinance No. 5084-U, dated 27 February 2019, ‘On Amending Bank of Russia Regulation No. 445-P, Dated 15 December 2014, ‘On Requirements for Internal Control Rules of Non-bank Financial Institutions for the Purpose of Countering the Legalisation (Laundering) of Criminally Obtained Incomes and the Financing of Terrorism’ (becomes effective 10 days after its official publication; officially posted on the Bank of Russia website on 25.03.2019);

Bank of Russia Ordinance No. 5089-U, dated 6 March 2019, ‘On Amending Bank of Russia Regulation No. 507-P, Dated 1 December 2015, ‘On Credit Institutions’ Required Reserves’ (becomes effective on the date of its official publication; posted on the Bank of Russia website on 19.03.2019).

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