trending Market Intelligence /marketintelligence/en/news-insights/trending/K8mX4ycMn-NvSQGvYrt9jQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In This List

Report: Russia mulls switching biggest banks to IRB risk assessment model

Street Talk Episode 53 - Nancy Bush Questions Large Bank MOEs, Future Of Independent Research

Street Talk Episode 52 - A bank's 'knife fight' to stay high performing in a low rate environment

Financial Plumbing Prone To Clogging Amid Bank Liquidity Trap

New York Fed Increases Planned Repo Purchases Amid Quarter-End Demand For Cash

Report: Russia mulls switching biggest banks to IRB risk assessment model

The Russian central bank plans to transition the country's largest banks to the internal ratings-based model for credit risk assessment, RBC reported Oct. 10, citing the regulator's deputy head Vasily Pozdyshev.

The IRB approach is currently only applied by PAO Sberbank of Russia and Raiffeisen Bank International AG unit AO Raiffeisenbank, which together hold around 30% of the country's banking assets. Pozdyshev said this proportion could reach 70% of the banking system's total assets in five years, but it would require all 11 systemically important banks to switch to the IRB approach.

The initiative for Russia's largest banks to start using the IRB approach was put forward by the Economic Development Ministry and is supported by the central bank, although local lenders will need time to implement the new approach, Pozdyshev said. The official also said that the transition of systemically important banks to the RBI model may require legislative changes if the approach becomes mandatory.