The Russian state-owned development institution DOM.RF is pursuing an upgrade to its financial stability framework by introducing a liquidity ratio as part of its core standards. The initiative was proposed by Artem Fedorko, the Chair of the Board at DOM.RF Bank and the Deputy General Manager of DOM.RF, during a meeting of the Financial Market Committee. The suggestion aims to strengthen the balance between liquidity management and the institution’s broader mission in housing construction, the mortgage market, and financing residential developers.
Fedorko’s argument centers on legislative alignment. He indicated that lawmakers in the State Duma could consider amendments to Law No. 225-FZ, titled “On promoting the development and efficiency of management in the housing sector and amending certain legal acts of the Russian Federation.” The proposed changes are designed to reassure investors about the resilience of DOM.RF, reinforcing a dependable passive base that supports its functions and duties in housing construction and related financial activities.
Beyond the liquidity ratio, the plan envisions shifting the standard-setting authority for these metrics to the Russian government. Proponents say this change would enable quicker, more flexible responses to shifting economic conditions and would mirror practices seen in the regulation of other credit institutions. The move is presented as a way to maintain regulatory agility without sacrificing oversight and stability.
Fedorko emphasized that the proposals were shared with key government bodies, including the Ministry of Finance, the Ministry of Construction, and the Bank of Russia. The message underscored the institution’s intent to collaborate across government agencies to refine its financial stability tools while aligning with national housing policy goals and the health of the credit ecosystem that serves homebuyers and developers alike.
In discussing the potential impact, industry observers note that a formal liquidity standard could help DOM.RF better weather market fluctuations, attract long-term funding, and demonstrate a disciplined approach to risk management. As housing demand and mortgage dynamics evolve, the ability to adjust capital and liquidity buffers in a controlled manner becomes a central element of strategic governance for state-backed entities involved in housing finance. The broader aim is to sustain steady lending, secure project financing, and maintain confidence among investors and participants across the housing sector.
Supporters argue that a government-backed framework for liquidity and related metrics can provide a predictable baseline that supports the stability of the housing market. They point to the interconnected nature of housing finance, mortgage markets, and the operations of developers who rely on predictable liquidity to fund construction timelines, manage cash flow, and deliver homes to buyers. In this view, formalizing liquidity expectations within a transparent regulatory boundary helps reduce funding costs and fosters a healthier investment climate.
As the dialogue continues, stakeholders are expected to weigh the benefits of centralized oversight against the need for swift responses to market shocks. The evolving policy landscape will likely shape how DOM.RF, its subsidiary banks, and other housing financiers position themselves to support both current projects and future growth in residential development across the country. The outcome of this process will signal how Russia’s housing finance system adapts to changing conditions while preserving the essential safeguards that protect investors, borrowers, and the housing ecosystem as a whole.