Deputy Director of the Financial Stability Department of the Bank of Russia Evgeny Rumyantsev said that the regulator wants to introduce four macroprudential limits on mortgage issuance. This was reported by Interfax.
The publication notes that only two limits will actually be used. There will be active limits for secondary housing loans as well as loans for homes under construction secured by equity participation agreements. A Federal Reserve representative said restrictions on individual home construction loans and other loans will be reserved.
Rumyantsev added that they do not see systemic risks that would threaten financial stability in these segments.
It is emphasized that the regulator will have the authority to impose macroprudential limits from July 2024.
Before that, Deputy Governor of the Central Bank of Russia Olga Polyakova statedIt was stated that the list of systemically important credit institutions could be expanded by the end of the year.
Previously Mishustin in the name Avoid excessive optimism.