CBR prepares tighter regulation of banks on the basis of experience gained during the global financial crisis.
“We are studying the experience of large banks, which have fallen under the rescue, and prepare changes to the regulation, “- said the first deputy chairman of the Central Bank of Russia Gennady Melikyan.
He noted that since September last year till now, over 90 banks were revoked license. According to him, most of the problems of these banks was due to the concentration of risks from lending to other lines of business owners of the banks, as well as the concentration of risks in specific areas, including construction, real estate, trade. However, as a rule, all of these risks are identical.
“In these areas, we will act in such a way that not only enforce the requirement, but also to implement them in life,” – said G. Melikyan, stressing that the new regulatory requirements should work in practice.
He said that as soon as the CBR will discuss the new regulations, the banks may announce measures in the second quarter of next year .
Head of the Central Bank Sergey Ignatiev said in an interview with reporters that the central bank, taking new measures will act in line with the recommendations offered by the international community.
In addition, G. Melikyan, referring to the dispensations in respect of provisioning for loan losses, which extended to the middle of next year, said that currently the Central Bank of Russia is studying the opportunity to make new loans, the reservation system was not extended, and acted only with respect to the old loans. This is one of the options dobavill G. Melikyan.
imposed by the Central Bank of relief in respect of provisioning allowed Russia’s banks to save on creating reserves of about 300 billion rubles, which amounts to more than 10% of the capital of the banking system, said in October, director of the department of banking regulation and supervision of Central Bank of Russia Alexey Simanovsky.
CBR in early 2009 introduced a period of up to 1 January 2010 for relief reserve ratio, and on 11 December this year, the Board of Directors Bank of Russia has decided to extend the concessionary of provisioning for loan losses for another six months – until June 30, 2010.
Rules of reservation by banks on loans to regulate the situation CBR N254-P. In connection with the crisis regulator has amended the order of these rules by releasing the statement “On the singularities of assessing the credit risk on the loans, loan and similar debt.” It gave the banks the right to assess the debt service on the loan as “good” if the delay on it (as principal or interest) for legal entities shall not exceed 30 days (previously – 5 days), for natural persons – 60 days (previously – 30 days ), as “average” – in case of delay up to 60 days on loans legal entity, up to 90 days on loans natural persons, as “bad” – in case of delay of 90 days on loans legal entity, to 120 days credit physical persons. In addition, an indication of banks has the right not to degrade the quality assessment of debt service on loans, in particular, in the case of its restructuring.
But not only the Central Bank wants to tighten the screws. The bill raising the minimum capital requirements for banks up to 1 billion rubles is ready to finance minister Alexei Kudrin. “Today, 25 November, and I’m ready to just a year to introduce legislation to raise the minimum bank capital to 1 billion rubles,” – he said at the forum of the newspaper Vedomosti. According to him, he would like to see such an increase in banks made within five years after the law enters into force, this is “normal period for normal working of banks”.
Following the introduction of the minimum level of capital of banks, according to Kudrin, significantly reduced. Note that even an increase in capital requirements for the bank to 90 million rubles next year, “kill” 30 Russian banks, predicts DIA. But in comparison with the proposal of Minister Kudrin is tightening already looks like pampering.
