National Financial Board holds meeting

On 10 December 2021, the National Financial Board (NFB) meeting considered the Monetary Policy Guidelines for 2022–2024 and reviewed the information from the Bank of Russia Board of Directors on the key issues of the regulator’s activities in 2021 Q3 and the annual report presented by the Bank of Russia’s Chief Auditor.

The NFB discussed the Bank of Russia’s preliminary approaches to establishing macroprudential limits for credit and microfinance organisations, issues related to the launch of behavioural reset in the Russian financial market, and challenges in ensuring financial stability in leasing amid the aftermath of the coronavirus pandemic to be addressed.

The participants in the meeting heard the information from the Bank of Russia regarding the measures taken to counteract unfair behaviour and illegal operations in the financial market and the development prospects of the competitive environment in the market of credit ratings assigned by rating agencies put on the Bank of Russia’s register of credit rating agencies.

The NFB approved Bank of Russia regulations on accounting in the Bank of Russia, as well as total staff costs, expenses for pensions, life and health insurance of Bank of Russia employees, capital investments, and other general and administrative costs of the Bank of Russia for 2022.

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10.12.2021 19.47.00