Saturday, September 20, 2014

Ministry of Finance called for softening of standards “Basel” in Russia – RBC

Ministry of Finance called for softening of standards "Basel" in Russia – RBC

Deputy Finance Minister Alexei Moiseev

Photo: RIA Novosti

Speaking at a forum in Sochi on Saturday, he criticized the Central Bank for excessive rigidity. “I did,” wound up “about it when I read an article in a respected European magazine that” Basel “set standards that are too high for the European countries, because due to them being downgraded,” – said Moses told reporters after discussion. “I’m sorry, I thought <...> if for them high, for us all. And I began to understand – indeed, it seemed to me that so, “- said the deputy minister.

Today, the Ministry of Finance is trying to convince the Central Bank to mitigate the European standard for Russia, but his vision of the regulator. “We discuss about the same level that you have all heard,” – said the deputy minister after a stormy debate on one of the “panels” forum.

The head of VTB Andrey Kostin today also proposed to delay the implementation of standards “Basel III» iz for the current complex geopolitical situation. “I believe that we could postpone it in the current context, because capital banks will be quite difficult to build in the near future, and standards” Basel III »seriously raise capital requirements. I believe that such a discussion can be “, – said Kostin.

From January 1, 2016 for all Russian banks adequacy requirements will include core capital provided” Basel III »buffer capital maintenance, gradually increasing in period of 2016-2019 years. The minimum size of the buffer in 2016 will be 0.625%, 2017 – 1.25%, in 2018 – 1,875% since 2019 – 2,5%.

«The mechanism involves the impossibility of capital buffers obtain shareholders (members) of credit institutions with a decrease in dividends core capital adequacy below the buffer “, – stated in the document of the Central Bank.

Elena Malyshev
 

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