Banking law. The Bank of Russia as a body of banking regulation and banking supervision, its powers (the most important)

Lecture notes, cheat sheets
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Banking law. The Bank of Russia as a body of banking regulation and banking supervision, its powers (the most important)

Lecture notes, cheat sheets

Directory / Lecture notes, cheat sheets

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19. The Bank of Russia as a body of banking regulation and banking supervision, its powers

CBR - the main body of banking regulation and banking supervision. He exercises constant supervision over the observance by credit institutions and banking groups of banking legislation, regulations of the Central Bank of the Russian Federation, and the mandatory standards established by them.

The main goals of banking regulation and banking supervision are to maintain the stability of the banking system of the Russian Federation and protect the interests of depositors and creditors. The Central Bank of the Russian Federation does not interfere in the operational activities of credit institutions, except in cases provided for by federal laws.

In order to exercise its functions of banking regulation and banking supervision, the Central Bank of the Russian Federation conducts inspections of credit institutions (their branches), as well as sends them binding orders to eliminate violations identified in their activities and applies the sanctions provided for by law in relation to violators.

As part of banking regulation and banking supervision, the Central Bank of the Russian Federation establishes rules for conducting banking operations that are mandatory for credit institutions and banking groups; accounting and reporting; organization of internal control; preparation and presentation of accounting and statistical reporting.

At the same time, the rules established by the Central Bank of the Russian Federation apply to accounting and statistical reporting, which is compiled for a period starting no earlier than the date of publication of these rules.

In order to perform its functions, the Central Bank of the Russian Federation, in accordance with the list established by the Board of Directors, has the right to:

1) request and receive from credit institutions the necessary information about their activities, demand clarifications on the information received;

2) establish for members of the banking group the procedure for providing information on their activities, which is necessary for the preparation of consolidated financial statements;

3) to request and receive the necessary information free of charge from the federal executive authorities, their territorial bodies, legal entities - to compile banking and monetary statistics, the balance of payments of the Russian Federation, to analyze the economic situation. The regulatory and supervisory functions of the Central Bank of the Russian Federation are carried out through a body acting on a permanent basis - the Banking Supervision Committee, which unites the structural divisions of the Central Bank of the Russian Federation that ensure the performance of its supervisory functions. The structure of the Banking Supervision Committee is approved by the Board of Directors, and its head is appointed by the Chairman of the Central Bank of the Russian Federation from among the members of the Board of Directors.

In order to ensure the stability of credit institutions, the Central Bank of the Russian Federation may establish the following mandatory ratios:

1) the minimum amount of authorized capital for newly created credit institutions; the amount of own funds (capital) for operating credit institutions; the maximum amount of property (non-monetary) contributions to the charter capital of a credit institution;

2) the maximum amount of risk per borrower or group of related borrowers;

3) the maximum amount of large credit risks;

4) liquidity ratios of the credit institution;

5) standards for the sufficiency of own funds (capital);

6) the amount of currency, interest and other financial risks;

7) the minimum amount of reserves created for risks;

8) standards for the use of own funds (capital) of a credit institution for the acquisition of shares (stakes) of other legal entities;

9) the maximum amount of loans, bank guarantees and guarantees provided by the credit institution to its participants.

Author: Belousov D.S.

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