Cbanker: Russia can demand use of IRB approach by large banks - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Cbanker: Russia can demand use of IRB approach by large banks

SOCHI, Oct 11 (PRIME) -- The Internal Ratings-Based (IRB) risk assessment approach can become obligatory for RussiaТs systemically important banks, Deputy Chairman of the central bank Vasily Pozdyshev said at the Finopolis forum late on Thursday.

УWe have supported a proposal of a possible switch of the largest banks, for instance, systemically important banks, to IRB. We think that a period of at least five years is needed because banks need to prepare, they will have to have to create a database. That would be the right thing to do,Ф Pozdyshev said.

The official said that the change would require amendments to legislation because IRB is now voluntary for banks.


11.10.2019 08:29
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 80.4062 -1.0614 09 jul
USD 71.2379 -0.9340 09 jul
Stock Market Indices
1D 1W 1M 1Y
rtsi 1248.37 +0.23 11:21 09 jul
micex 2803.04 -0.45 11:21 09 jul
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 201.17 +1.62 23:49 09 jul
lkoh 5457.00 -0.13 23:49 09 jul
rosn 366.15 +0.08 23:49 09 jul
sber 210.97 +0.21 23:49 09 jul
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 80.2700 -0.6675 14:59 09 jul
USDTD 71.2800 -0.0450 17:44 09 jul