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Corporate law and governance, financial transaction taxes
Project Group №1
Financial infrastructure and financial market regulation
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Central Bank to Toughen Capital Quality Requirements in January 2016
01.09.2015 12:00 / TASS
“The draft regulation aims to neutralize schemes used by banks to inflate their capital, by removing the ‘fictitious capital’ from the bank capital calculation base”, states the accompanying letter.
The Bank of Russia plans to establish the principle of presenting printed proof of capital origin, showing income as part of capital only after they have been received, detailing indirect investment of a bank in own capital, as well as showing subordinated loans as capital only after the bank has presented printed proof of origin of cash used to pay off the subordinated loans.
Earlier, in mid-June, the CB selected 10 banks with critical financial market infrastructure status that will comply with Basel III capital and liquidity requirements.