Translation. Region: Russian Federal
Source: Central Bank of Russia
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Changes have been made toBKL mechanismThe approach to using the BCL to meet the standard has also been revised: now the BCL will only cover small volatility in the standard (up to 20 percentage points). The fee for the BCL will depend on how many days and to what extent the bank actually used the BCL to meet the standard.
The Bank of Russia expects banks to have little need for the NKL. The NKL takes into account the specifics of the Russian market, primarily in terms of the composition of highly liquid assets. The goal of revising the NKL mechanism is to ensure flexibility in banks' liquidity management, mitigating temporary short-term changes that do not threaten financial stability. The fee calculation procedure should motivate banks to meet the standard through market instruments.
1 Bank of Russia Regulation No. 864-P dated July 31, 2025, “On the procedure for calculating the short-term liquidity ratio by systemically important credit institutions, on its maximum value, and on the Bank of Russia’s supervision of compliance therewith.”
2 Regulation of the Bank of Russia dated 03.12.2015 No. 510-P “On the procedure for calculating the short-term liquidity coverage ratio (Basel III) by systemically important credit institutions.”
3 Order of the Bank of Russia dated 06.10.2025 No. OD-2195 "On approval of the procedure for calculating the limit of an irrevocable credit line, the procedure for calculating the amount of the fee for the right to use an irrevocable credit line, and on streamlining certain orders of the Bank of Russia."
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October 6, 2025, 6:47:00 PM
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