Central bank Russian Federation (Bank Russia) bends the line of liquidity

Central bank Russian Federation (Bank Russia) bends the line of liquidity the Largest banks prepare for cancellation of standard eases Since March, 2024 the largest banks will lose privileges according to the standard of short-term liquidity (SSTL). For ensuring smooth transition Central bank Russian Federation (Bank Russia) changes conditions of granting the irrevocable credit lines (ICL) to them. It has to promote competition alignment between the credit organizations and to smooth transition to the national standard of short-term liquidity (it is planned to enter in 2026). According to experts, the BKL new mechanism will be more flexible, but in some cases will cost to banks dearer. Foto:...