Regulator will allow banks not to disclose sanctions-sensitive data in 2024

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The Central Bank of Russia allowed the extension of the right of credit institutions not to disclose sanctions-sensitive information until 2024. This was expressed by the head of the department of banking regulation and analytics of the regulator Alexander Danilov at the All-Russian Conference on Banking, Wrote agency RIA Novosti.

“In terms of sensitive information. “Because without global geopolitical changes, we don’t want any risk associated with the disclosure of such sensitive information,” he said.

The previous day, the press service of the Bank of Russia reportedThe regulator will extend the opportunity for Russian credit institutions not to disclose “sanction risk sensitive information” for another six months.

At the Bank of Russia in the first half of December said About the resumption of the issuance of statutory financial statements from 1 January 2023.

This week, Sberbank German Gref President and Chairman of the Board knowledgeable about how the financial institution is dealing with enforcement pressure.

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