The Central Bank of Russia will extend the opportunity for Russian credit institutions not to disclose “sanction risk sensitive information” for another six months. It has been announced press service financial regulator
The message said, “The measure that is planned to be extended until 31 December 2023 with the amendment: the right not to disclose information sensitive to the risk of sanctions.”
We are talking about the list of owners and ownership structure of the credit institution, the composition of the board of directors, board of directors and other governing bodies, as well as the conditions for restructuring, as well as financial and economic activities, as explained in the press service. Your bank.
formerly CBR announced Decision not to extend the exemption for banks, which is scheduled to expire in the first half of 2023.
The day before the Bank of Russia declaration About the planned increase in reserve requirements for banks from June 1 this year.