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19 June, Saturday

Ufa   °

Banks are recommended to develop self-improvement plans


The Central Bank recommended commercial banks, first of all, the largest ones to make self-improvement plans. The regulator developed Evaluation guidelines for working out Plans of financial stability restoration by credit organisations.

The self-improvement plan should provide specific ways for problems solution with the capital and liquidity — in case of events development under several worst-case scenarios, including critical ones.

Terms of plans working out, their structure, variants of measures in various stressful situations are defined in Evaluation guidelines. Indicators of the early prevention and indicators to start implementation of self-improvement plans are offered also.

According to the External and Public Relations Department of the Central Bank, the provisions of «Key Attributes of Effective Resolution Regimes for Financial Institutions », developed by  Financial Stability  Board are used as a basis of Evaluation guidelines.

Elvira Latypova author: Elvira Latypova
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