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Requirements for assessing financial stability of banks and their participation in the deposit insurance system have been standardised

December 3, 2013

Vladimir Putin signed Federal Law On Amendments to the Federal Law On Insuring Household Deposits in Banks of the Russian Federation, Federal Law On the Central Bank of the Russian Federation (Bank of Russia), and Declaring Particular Provisions of Certain Legislative Acts of the Russian Federation No Longer in Force.

The Federal Law standardises supervisory requirements for assessing the financial stability of credit institutions. It also harmonises the requirements for their participation in the deposit insurance system in accordance with international principles governing monitoring and sanctions.

December 3, 2013