Cbank wants to ease systemic importance banks liquidity regulation
MOSCOW, Dec 1 (PRIME) -- The central bank has prepared amendments for liquidity ratio calculations under Basel III rules for banks of systemic importance by extending the list of liquid assets and cutting the reserve requirements for liabilities of precious metals accounts, the authority said in a statement on Tuesday.
The list of liquid assets may now include mortgages secured by a united housing development institute. The central bank said that this measure followed approval of the regulation methods of the united housing development institute and will favor development of the mortgage securities market.
"These novelties should have a good impact on the ability of credit organizations of systemic importance to fulfill liquidity norms and continue lending to the economy," the authority said.
End %%mk/jst%%