El notes

“Banks and other lending institutions are required to submit at the request of customs authorities the documents and information relating to the movement of funds on the accounts of entities required to conduct customs checks, including those containing bank secrecy” – referred to in Article 168 of the bill.

“The shape and direction of the order of the customs body of the request to banks and other lending institutions established by the federal executive body authorized in the field of customs” – the document says.

FCS suggests that the form and procedure for submission of banks and other credit organizations, documents and information at the request of customs authorities “established a federal body of executive power authorized in the field of customs, in coordination with the Central Bank of Russia”.

conclusions on the results of the independent examination of the FCS of the corruption of the bill takes before March 15.

to “banking secrecy” includes information on bank accounts, deposits, transactions and personal data of clients and credit institutions. Unauthorized disclosure of information relating to banking, the bank may cause economic damage and, therefore, banking secrecy is part of the bank’s reputation. Access to such information may receive certain services under a special permit, as a rule the court.

In a joint action Bankir.Ru, Association of Regional Banks of Russia and the magazine paper machine. Banks and the business world, participants wondered why the participation of refusal to credit institutions in the harmonization of internal controls for AML / CFT by the Federal Service for Financial Markets. This is the reason for non-inclusion in the Rules of Order requirements Rosfinmonitoring from 01.11.2008 № 256. Credit Agencies have to maneuver in this situation differently, even writing a separate set of rules, in order to harmonize with the Federal Financial Markets Service, which is essentially a misnomer, as it turns out that a credit institution acting edition of the Rules, not agreed with the Bank of Russia. In addition, if guided by the position of the Federal Financial Markets Service, the problem properly resolve issues in the use of a credit institution Order Rosfinmonitoring from 01.11.2008 № 256 and the CBR instruction from 09.08.2004 № 1485-U “On requirements to prepare and train staff in credit institutions’ . Bankers are asked why they carry out this order Rosfinmonitoring, if the document is approved in accordance with the Resolution of the Government, whose action does not apply to credit institutions.

Representatives of the Bank of Russia, commented on the situation:

«remains an open question about the necessary requirements for the preparation and training of staff of credit institutions on AML / CFT after the entry into force of Order Rosfinmonitoring number 256 of 01.11.2008. Credit institutions that are the professional securities market participants, faced with a forced necessity to observe the requirements of this Order in connection with the position of the Federal Service for Financial Markets. Otherwise, the bank loses the opportunity to agree on rules for internal control. Compliance with the same requirements of this order significantly increases the cost of credit institutions to train staff on AML / CFT.

Meanwhile Rosfinmonitoring officially explained (inf. letter number 3 dated 11.08.2009) that the requirements apply all non-credit institutions listed in Article 5 of the Federal Law № 115-FZ of 07.08.2001.

In this situation it seems necessary to resolving the issue with representatives of the Bank of Russia, and the Federal Financial Monitoring Service for Financial markets. Bank of Russia is well known problem of the relationship of credit institutions, non-professional participants in the securities market, with the Federal Service for Financial Markets on the issue of training credit institutions and the Bank of Russia has been actively involved in trying to resolve it.

In Thus, as indicated in paragraph 1 of the requirements for preparing and training organizations that conduct transactions with money or other property, to counteract the legalization (laundering) of proceeds from crime and terrorist financing, approved by Order of the Federal Service for Financial Monitoring from November 1, 2008 № 256 (hereinafter – Regulations Rosfinmonitoring number 256), this provision establishes requirements for preparing and training organizations that conduct transactions with money or other property referred to in Article 5 of the Federal Law № 115-FZ, with the exception of credit organizations.

According to the Bank of Russia, the rules of Regulations Rosfinmonitoring number 256 does not apply to credit institutions, regardless of whether they are professional securities market participants or not, and hence, all lending institutions within the implementation of training activities and training for AML / CFT should be guided solely by the requirements established by Bank of Russia on August 9, 2004 № 1485-U “On Requirements for the preparation and training in credit organizations” (agreed with the Federal Service for Financial Monitoring).

In order to resolve the contradictions arising in the interpretation of the requirements of paragraph 1 of the Financial Monitoring number 256 by the Department for Financial Monitoring and Currency Control of Bank of Russia sent a letter to the Federal Service for Financial Monitoring, which sets out the position of the Bank Russia on the issue, to inform the Federal Service for Financial Markets that the requirements for the preparation and training of personnel, contained in the Statute Rosfinmonitoring number 256, do not apply to credit institutions, regardless of whether they are or are not professional securities market participants and recommend the Federal Service for Financial Markets to correct information published on May 8, 2009 at her official website ».

In a joint action Bankir.Ru, Association of Regional Banks of Russia and the magazine paper machine. Banks and the business world “was asked to provide information of Federal Customs Service of Russia within the letter of the Bank of Russia № 137-T on 01.11.2008. Currently, the information provided by credit institutions on a fee basis. Bank of Russia agree that the problem must be solved.

In particular, the Bank commented on the situation:

«The increasing volume of additional activities aimed at improving the efficiency of the system to counteract the legalization (laundering) of proceeds from crime and terrorist financing, and exchange-control system, as well as applied in practice, the procedure for their implementation, requiring the interaction of credit institutions with federal authorities on a fee basis, results to a permanent increase in the cost of credit institutions to finance the work to undertake such activities.

Bank of Russia shares the concerns of credit institutions on interaction with other agents of foreign exchange controls in terms of payment provide the information requested in the performance of mandated their RF legislation powers.

currently cost services for connecting to credit institutions to validate the information system of customs declarations is a small amount (10 000 rubles), and the cost of subscriber service is 3 000 rubles per month under a contract or subscription service is available-pay treatment lending institution based on the number of customs declarations, to check on the basis of the contract without the subscription service (the cost of checking a single customs declaration in this case is 2,50-3,50 rubles). At the same time branches of credit institutions shall have the right serviced under one contract, entered into the head office of a credit institution and request for validation information of customs declarations, formed a branch may be directed in this case through the head office of the credit institution.

As of December 1, 2009 to validate the information system of customs declarations connected 485 credit institutions, including 342 head offices and 143 branch ».

cost of creating an e-mail the bank could be worth $5.10 billion, told “Vedomosti” banker, was interested in a partnership, and reaffirmed the chairman of the board Communication-bank, the first deputy chairman of the board VEB Anatoly Tikhonov. He said the investment could be below the minimum strips, if in most of the offices of “mail” will mini-bank offices, where you can open an account, apply for potrebkredity, etc.

Creating a fully-fledged banking offices (providing all basic services) in most offices “Post” and even outside it will require investment closer to the upper bracket, said Tikhonov. If you do not open offices everywhere and with a different set of services, the volume of investment will be closer to the bottom bracket.

«All of these figures should be treated with caution, as there are only preliminary estimates, which may be adjusted “, – emphasizes Tikhonov. Select the script, he said, will largely depend on the views and opportunities for the private investor.

first proposed to increase the authorized capital Pochtobank c 24 billion rubles. (the current capital Svyaz-Bank) to 25 billion rubles., said Tikhonov. These investments carry out a private investor, VEB, and “Mail of Russia” or Rosimushchestvo ( “Mail” as the Federal State Unitary Enterprise not participate in the capital of banks). Revisions to the bank’s capital post offices, according to Tikhonov, not provided. “Mail of Russia”, according to her representative, suggested VEB exchange of its shares (if it aktsioniruetsya) on shares Pochtobank. Capitalization “Post”, according to the guidelines RTRS – at least $12-15 billion

for the repair and construction of offices and offices will need 12.4 billion rubles. Enumerates Tikhonov, at procurement and introduction of equipment – 8 billion rubles. on the IT-platform – 3 billion rubles. Most of the costs, he said, will have the first three years.

In the third year for the bank to cover losses and development of the project will require additional funds in the capital, but how much – Tikhonov did not mention.

Operating profit from the project should appear in the fourth year, and the fifth, he should “go to the full extent” and become “a worthy competitor to the Savings Bank. In contrast Pochtobank will not close unprofitable point in remote areas, and try to have their losses covered income profitable, said Tikhonov. To make the project pay off, in his opinion, it is possible for 7-8 years.

If an investor can find quickly, run the project, according to Tikhonov’s really at the end of 2010, “We – Bank development, and one of our goals is to create infrastructure. On the other hand, the government long ago decided the question of how to raise the efficiency of the mail “- he explains the interest VEB to the project.

Bank secrecy ceases to be such – the number of federal agencies that can access this information increases.

Last summer, the Finance Ministry has prepared draft amendments to the Law “On Currency Regulation and Currency Control “, in which FNS has received the opportunity to request a passport transactions and bank statements of bank supervision on the operations of clients. If they are adopted, banks will have to be reduced not only give information about customer accounts and bank statements, and customs declarations, identification of citizens, as well as documents that are grounds for holding foreign currency transactions and confirming the transfer of goods.

In December last year to expand its powers decided FCS. Service has prepared draft amendments to the Customs Code, under which customs officials can detain five days, currency and rubles, and also checks if the traveler refused to specify the origin of funds. According to the draft of the FCS would be able to request information about the source of funds that is now the bank secrecy. “I do not understand why people take with them cash, if there is a card – told to” Vedomosti “a senior official of the FCS. – But I have an answer: we must pay for the shuttle business, because cash is easier to do ».

FSFM also claims to have access to banking secrecy. These credentials for the service prescribed in the draft law “On counteracting misuse of insider information and market manipulation”, which passed by the Parliament in first reading in April last year. There, fixed rate that the central bank is obliged to request the authorities to provide information, “including constituting commercial, official, bank secrecy ….” This regulation should help to detect and deter the use of insider information.

now under the law “On Banks and Banking Activity” Access to banking secrecy granted to the courts, Court of Accounts, tax and customs administrations, the Pension Fund , social insurance funds and bailiffs. But the amount of information that may be issued to these bodies are limited to the specifics of their activities.

discredited notion of banking secrecy, says the head of banking practice Pepeliaev groups “Lydia Gorshkov. In world practice, neither the Tax or customs of banking secrecy is not allowed, like board chairman of MDM Bank Oleg Vyugin. If banking secrecy for the agencies will not, then the confidence in the banking system will be shaken, he said. There should be no question of the abolition of banking secrecy for the fiscal authorities, but in its disclosure of the main thing – do not get to the silly, “says board member of VTB 24 Dmytro Rudenko:” I do not want to provide staff housing and communal services or SAI. Banking secrecy must be maintained, but also give access to her two or three offices, says a former board member of Barclays Bank Eugene Retuinskih.

yesterday with President Dmitry Medvedev held a meeting on the establishment of the national payment system. The meeting was attended by the head of presidential administration Sergei Naryshkin, Finance Minister Alexei Kudrin, Deputy Prime Minister, Head of Government Staff Sergei Sobyanin, presidential aide Arkady Dvorkovich, Economic Development Minister Elvira Nabiullina, Minister of Communications and Mass Communications Igor Shchegolev, chairman of the Central Bank Sergey Ignatiev, director of Federal Security Service Alexander Bortnikov, head of the Federal Antimonopoly Service Igor Artemyev, head of the Bank’s Vladimir Dmitriev, President of Sberbank Herman Gref and the head of bank Andrey Kostin.

National payment system can be created as a joint stock company to participate in the capital of which will be invited to major banks. The proposals in yesterday’s meeting, described the head of Sberbank Herman Gref, adding that the platform for the creation of NPCs can be a technology “Pro100″ developed on the basis of Sberbank’s own payment system to implement the release of social security cards. Initially it was assumed that the national payment system will operate as a nonprofit partnership. However, as told Kommersant, one of the participants in the meeting, Mr. Gref said yesterday expressed concern that construction of the system in a nonprofit partnership would be unreliable because they created a company should be operational risks and liabilities to banks and individuals. Dmitry Medvedev supported the proposals of Mr. Gref, the respondents contend Kommersant participants of the meeting.

national system of payment cards (NBMS) includes the production of socio-bank cards to every citizen of Russia. Maps in addition to payment functions will have different applications that give their owners access to various state and municipal services. The question of creation in Russia of the system was raised early last year. The main purpose of its creation was to reduce dependence on foreign payment systems Visa and Mastercard, which account for about 85% of all cards issued in Russia, and to provide citizens with access to financial services and social services.

number of banks already received an offer to join the number of shareholders of the new company and for contributions to the charter capital. Its prior agreement to participate in the system have already given the current partners of the Savings Bank on card projects – banks Uralsib “and” Ak Bars “, which are already working on standards” Pro100 “. Also, a proposal for participation in the NPS received VTB, Promsvyazbank and Bank of Moscow. However, the initial phase of activity NBMS will not be profitable, according to respondents Kommersant experts. “Obviously, the dividends banks shareholders will receive only a few years” – confirm the meeting. “The issue of participation is discussed, the creation NBMS set standards and technology, through which banks and participants will be able to accept and issue the cards,” – said “Y” vice president “Uralsib Ilya Filatov. Proposal Gref assumes that the system NBMS can join as participating banks, which will pay the joint stock company for the provision of processing services on rates set by the FAS, or Federal Tariff Service.

draft implies that at the initial stage of any citizen of Russia will be able to get a map of their treatment. By 2014, the holders of national maps should be all citizens of Russia.

VTB President Andrei Kostin believes that “the establishment of the national payment system in Russia is playing a huge role in the development of the domestic financial sector.” “The system should be open to all market participants, including may relate to the international payment systems and the national payment systems existing in other countries,” – he said. According to him, VTB as one of the largest Russian banks intend to take part in the project, but at the moment to talk about specific aspects of its implementation sooner.

Europe tired of waiting until the other major powers agree on new ways of effective control over the global financial system. The EU considers it necessary now to force banks to pay for the world economic crisis and is prepared to unilaterally impose a tax on banks skie transactions described in the approved on Wednesday at a session of the European Parliament resolution on financial regulation.

By results of the meeting instructed the deputies of the European Commission to develop a detailed plan for the collection of such tax for the June summit “big Twenties”. In their view, the tax should “limit the interest of financial institutions in excessively risky investments, thereby reducing the risks of the banking system. Income from financial charges should go to the replenishment of the EU budget and help developing countries combat global climate change. However, the scheme of the initiative is not yet clear. Some analysts believe that lending institutions, for example, could in case of crisis to deduct tax at a special insurance fund created by the same banks and managed without the participation of the state.

If a tax on transactions in international falters, Europe needs to do it unilaterally, confident in the European Parliament. This remark is justified: some world powers the idea of a tax on bank transactions are not supported. Earlier, U.S. President Barack Obama has proposed his own version of the tax crisis “, which will be subject to major U.S. and global banks. To levy such a tax is scheduled to return financial institutions or the size of their assets.

President Bayerisches Finanz Zentrum in Munich, Professor Wolfgang Gerke considers a tax on transactions in Europe is quite real. “AUT-dence, for example, is considering even the possibility of two new taxes – on bank stocks and tran-spetsnaloga on banks. Moreover, the need for the second of which is explained by the fact that since the state helps banks during the crisis, but now banks have to pay for this assistance. While the introduction of tax on the transaction relates and Germany “, – told RBC daily Wolfgang Gerke.

However, experts recognize that ultimately the financial burden of tax on the transaction still lie not so much on banks, as on the population. “Banks will transfer their losses to customers – with the help of credit interest or any new data collection and so on. Thus, we find that the taxation of transactions in the taxation will become bank customers “, – said Mr. Gerke.

A week later, on March 16, will discuss the report “Structural modernization of the financial system” with the banking community and knowledge of the properties. According to the authors of the report, Russia’s best No. of banks is 220-280, with an adequate minimum capital of the bank is estimated at 2 billion rubles. It is also necessary to draw people in carrying out banking IPO through the powerful specialized networks, such as Sberbank or “Post of Russia».

Report to the President of Russia Dmitry Medvedev, is written under the guidance of the Institute of Contemporary Development predpravleniya Igor Jurgens and President Bank of Moscow Andrey Borodin. In the discussion about one hundred invited participants from the banking community, as well as from the departments concerned, including representatives of the presidential administration.

In addition to macroeconomic indicators of Russia’s economy, the report proposes several measures to modernize the banking system. Thus, it is proposed for major banks to apply the special bank regulation. Now all banks be treated equally in terms of prudential norms, but de facto to the largest banks are presented are often more lenient requirements. “Repeatedly the Bank of Russia looked indulgently on the violation of capital adequacy of Gazprombank and did not take into account the potential threat to other major banks”, – the document says. At the same time, the system-forming banks are sources of risk for the entire sector, they must bring a higher prudential requirements, and pay more attention than all others.

To prevent the negative effects of cyclical development Economics offers a series of counter-cyclical measures for the largest banks, in particular the formation of “conditional hybrid capital”. It is assumed that such a conditional capital will be held during the economic boom, the cost of its involvement in comparison with the recession will be small: “Patriotic-governmental banks can issue long-term hybrid bonds, which, if the insured event shall be converted into ordinary shares of».

estimated authors of the report, based on existing international laws of the optimal number of banks in Russia should be 220-280. In the first two hundred banks account for about 94% of total assets of the sector, “the other players are insignificant from a macroeconomic point of view.” Without administrative coercion of banks in 2020 will be reduced to 600.

President of the Association of Regional Banks “Russia” Anatoly Aksakov believes that the number of banks should be determined through the market: Establishing a minimum level of bank capital has nothing to do with the stability of the financial system. Lehman Brothers was a rather big bank, and “WHALE Finans” too. The country is large, we have a lot of depressed regions, where large banks do not want to work. These regions cover just small regional banks. President, Association of Russian Banks Garegin Tosunyan said that the number of banks should be demand-driven: “Given the lack of banking services, their inaccessibility and the low level of competition is ridiculous to justify the reduction in banks».

The report emphasized that regional banks are not able to build up equity to a level appropriate to the needs of the leading Russian companies (estimated to the authors, it is 2 billion rubles.). Rational way to save is to allocate a special class of regional banks (giving them special legal status). The authors suggest the need to form a multi-tier banking system. After the Bank of Russia the second level may be federal banks with general license and equity of at least 2 billion rubles. They will be able to carry out the whole range of banking operations, to operate throughout the country and have access to foreign financial markets. In separate groups (clusters) of banks should be allocated to organizations working at the level of federal districts, the Federation and human settlements (cities).

Garegin Tosunyan supported the idea of providing special status for the regional banks. “A few months ago in our report on the modernization of the banking system, we also proposed the creation of a special status for local banks. In our proposal, such banks would be limited in the work of geographically, on the other hand, they will apply more lenient regulatory measures “, – said Mr. Tosunyan.

The report states the need to bring population to increase the share of domestic financial resources in the economy. Experience in the past “people’s IPO» showed that the existing power networks securities offerings are inadequate (from participation in the purchase of shares has been cut off by a large proportion of the population). For the IPO to create powerful networks of specialized placement of securities, and investment banks are not able to create their own, without government assistance. Such networks can be created on the basis of regional networks of the Savings Bank (or other banks with state participation), branches of “Mail of Russia”, as well as a network of electronic payment services to settlements.

At the same time proposed to establish a national compensation system (fund) to protect citizens from unlawful deprivation of assets and bankruptcy. The amount of civil damages, which may be recovered, should be commensurate with the amount of compensation for insurance of bank deposits.

Many large banks are included in the top 100 in terms of assets, seriously interested in purchasing her own CC to pack the remainder of mortgages. Experts note that only two months in 2010 were sold around 10-15 management companies. Then as for the entire 2009 banks have bought about 20-25 of the Criminal Code.

surge in demand for UK banks said several large companies engaged in consulting in this area. “For the entire 2009, we sold the banks fourteen management companies, and in early 2010-the first for seven UK”, – said director of financial market participants of “Vermont Finance Irina Velichko. Deputy general director of the company IMAC Andrei Bogdanov also acknowledged that the recent increase in demand for the UK, arguing that only this year, we sold five asset management companies ».

Should the management company, According to market participants, relatively inexpensive – only slightly more than 2 million rubles. “For the money the client receives the Criminal Code, ready for use, has licensed the asset mutual funds, all necessary documents and a staff of three professional staff members who meet the requirements of Federal Financial Markets”, – says Ms. Velichko.

«Since the beginning of 2009 we have created for the banks about 12 funds”, – said Andrei Bogdanov. “Banks are interested in not just buying the Criminal Code, and the creation of integrated projects is to create real estate mutual funds”, – confirms Irina Velichko. According to her, this is a trend this year, while in 2009 the main demand by banks for services was to establish a credit fund.

Experts say that interest in buying UK banks are often out of the first hundred. “Among our clients are lending institutions and from the first twenty, including banks with state participation,” – said Ms. Velichko. Andrey Bogdanov said that the interest shown from the banks of the first hundred-no. A source close to Alfa-Bank, confirmed that the bank also intends to pack part of the commercial real estate, which is in his pledge, but not with the UK subsidiary of Alfa-Capital ».

Some of the banks that already have management companies in recent years are also trying to pack the bonds through its Criminal Code. A source close to the CC, KIT Fortis Investments, said the bank “WHALE Finans” will build ZPIF property of the objects remaining in the pledge.

main reason for the jump in demand for the purchase of banks management companies – is a large volume of commercial real estate, the remainder of the borrowers who could not repay the loan. Altogether, according to expert estimates, the total value of the collected by banks for “bad” loans to real estate pull 1,5-2 trillion rubles. This is a huge amount shrunk for the asset management industry: according to the NLU on March 9 in a closed fund is only 238 billion rubles.

«Packaging Property in ZPIF – the best way, especially for commercial real estate, to optimize the taxation and get more profit from renting it out, until it is sold “, – said Andrei Bogdanov. “We have not just turned the big banks for advice on the creation of real estate funds for packaging mortgage assets”, – said director general of the Criminal Code “Solid – Real Estate Funds” Vadim Sachkov. According to him, it allows the bank to eventually attract outside investors in ZPIFy selling thus part of collateral.

Friday will be the last day for filing applications to purchase 21% stake in one of the largest Turkish banks Garanti. And Russia’s Sberbank, it seems, will take part in this competition. For him, it could become the second major acquisition in the past three months. As recently as December, he became the master of the Belarusian BPS-Bank. On Tuesday it became known, and that the group of Russian businessmen intend to acquire the Latvian Parex banka. This expansion may allow investors from Russia to take revenge for the failure of colleagues – metallurgy, automobile manufacturers and many others, are not allowed to go to the West for political reasons.

block of shares in Garanti Bank has exposed on sale of American company General Electric . Because of the crisis of American industrial giant has decided to get rid of its noncore assets. It is expensive package – the latest exchange rate of the Istanbul stock exchange about $3.7 billion

of the desire of the Savings Bank to purchase a piece of Turkish bank became known to Reuters. General Electric is very pleased with this, sends word of its source agency. Savings will participate in the competition for the purchase of Garanti, along with other four or five candidates. But in Russia’s Bank for talks silent. “No comment” – conveyed through the press service of the Chief Financial Officer of Sberbank Anton Karamzin.

However, applicants, and so have enough. Together with Sberbank of their past six, and most likely there are also large Turkish conglomerate Dogus Group, which is still owned 30.5% stake in Garanti. Benefits for Dogus obvious – after buying 21% stake in the company will have a controlling stake Garanti.

By the way, Sberbank is now just completing the absorption of the Belarusian BPS-Bank. In December 2009, it acquired 93% of its shares, and the end of March is going to buy another 7% and become its sole owner.

A group of co-owners of Russia’s Petropavlovsk mining companies eyeing the assets to the Latvian Parex banka , said their spokesman. The bank went bankrupt at the height of the crisis in autumn 2008, and the Latvian government was compelled to provide him with state aid to 670 million euros, and then it was nationalized. Now the government is not averse to return the money.

foreign banks buying up Russia’s – it is really a trend, but hardly a long time, experts say. Now domestic banks a lot of money, said a member of the MICEX Index Committee Sergei Sovereign. But nowhere do with these funds, because financially strong companies that “nestrashno” to give credit for several years within the country lacks.

– Still Russian banks’ core business – lending it local borrowers. And we have the whole loan is not enough. Therefore, the direction of buying may not be sustainable. Rather, our banks do not go beyond the Customs Union and the CIS – the expert believes.

Nothing dangerous for the country in this trend is not. Banks should be profitable, and if they can earn more abroad, let them earn economist believes the Department of Economics and World Bank policy Sergei Udalov.

– now the restoration of the world economy, and banks are trying to guess in what sectors will rise faster. I think the banks will need six months to understand it and to restore their long-term lending, – he said.