The Bank of Russia plans to increase the list of securities in which banks with a basic license will be able to invest in the near future. This was reported by the press service of the Central Bank following the meeting of the head of the regulator Elvira Nabiullina with representatives of banks with a basic license.
The Central Bank also intends to support granting banks with a basic license the right to open accounts in foreign banks on a permanent basis.
In addition, the regulator plans to consider the possibility of extending to such banks a program of stimulating regulation for projects of technological sovereignty and economic adaptation; to clarify the procedure for reserving conditional credit obligations, which will reduce the burden on banks' capital.
The Bank of Russia will continue to work with the Ministry of Finance and other agencies to switch to a credit rating as the main criterion for banks' access to public funds and to ensure competitive access to subsidized lending programs.
