CBR lists systemically important banks

AO UniCredit Bank
Thu, 03/12/2015

The Central Bank of Russia has approved a list of ten systemically important banks. AO UniCredit Bank is among them. 
The list encompasses more than 60% of the Russian banking sector's aggregate assets. As the regulator previously reported, these banks would be subject to the requirements for compliance with the short-term liquidity ratio and additional capital adequacy requirements in accordance with the Basel III standards. In addition, they should have a recovery plan for their own activities in critical situations.

Starting from 1 January 2016, the systemically important banks will be obliged to meet the set short-term liquidity ratio in accordance with the Federal Law on the Central Bank of the Russian Federation.

Yuliya Shibukova
Relationship Manager
Global Securities Services Russia