The Central Bank of Russia has demanded that banks draw up individual plans to work with assets blocked due to Western sanctions. About informs Kommersant, citing the source.
By August 22, the regulator asked him to provide information on both the parent organization and key subsidiaries. But not all leading Russian banks are currently ready to offer solutions for working with frozen assets. In response, at least two of the top 10 financial institutions listed only the assets covered by the sanctions.
According to the interlocutors of the publication, the Central Bank is now trying to assess the scale of frozen assets. However, representatives of the currency regulator admit that they do not understand how to “solve” them. Currently, the purpose of the CB may be to gather ideas from which a common approach to the problem can be developed.
Subsidiaries of Russian banks could block funds of up to 300 million Euros in brokerage accounts and several billion Euros in corporate clients. However, according to the publication claims, there is no case of a full refund that has a neutral effect on the financial result of the parent bank.
24 August at the Central Bank wanted obliges banks to return funds sent to fraudsters within one month. According to the head of the information security department of the regulator Vadim Uvarov, if the funds were sent abroad, then the period will increase to 60 days. In this case, the bank has to pay back the transfer amount in full.