New rules for calculating banks’ consolidated ratios: concept for discussion

Key changes are as follows:

• all non-financial companies are excluded from the consolidation perimeter to avoid combining non-financial and banking risks;
• non-governmental pension funds and insurers are beyond the consolidation perimeter since they have specific risks and their capital may not always be used by the parent bank to cover its risks;
• the list of financial institutions to be included in the consolidation perimeter (credit institutions, leasing and factoring companies, microfinance organisations, management companies, brokers, dealers, and special-purpose financial entities) is fixed so as to avoid including non-financial businesses in the consolidation perimeter under the guise of financial entities; and
• the new rules set minimum criteria of scale (that is, the size of subsidiary and affiliated institutions’ business in terms of assets, capital, and profits) for institutions to be included in the consolidation perimeter so that a group takes into account all its material financial activities when calculating its consolidated ratios.

The regulatory framework is to be developed in 2026 so as to enact the new rules as early as 2027 Q4. For banks to adapt to the new rules, certain decisions are expected to come into force in stages.

More details are available in the new concept for regulating consolidated ratios. The Bank of Russia welcomes feedback on the consultation paper through 4 March 2026.