Today it became known that almost half of Russian banks will receive the Federal status. At the moment, the Central Bank is working to create a three-tier banking system, namely: significant Federal and regional financial institutions.
Terms and conditions of obtaining the status of Federal
To obtain the status of Federal, banks have increased requirements regarding the minimum size of statutory capital not less than RUB 1 billion. In turn, regional banking institutions, which have a smaller amount of capital will be limited in their capabilities and the number of operations. Reported that the Central Bank of Russia provided banks with the opportunity to increase its statutory capital within 2 years.
Features the work of regional institutions
The draft law on the division of banks at the Federal and regional was criticized by the Association of Russian banks, since the regional organization will act as a “second class”. As a rule, cross-border transactions they will be banned and interbank transactions they will carry out solely through a Central counterparty.
