Category: Russian Finance

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

The development of modern technologies, the increase in the amount of data, the emergence of new financial products and the digitalization of traditional ones require financial market participants to create and improve data management systems.

The main tasks of data management systems development:

improving the quality and reliability of data, increasing their efficiency, transparency of data preparation processes for regulatory reporting, increasing flexibility and speed of response to changes in regulation, increasing the efficiency of core business processes.

The Bank of Russia believes that data management systems of individual financial institutions are important for maintaining the quality of data in the country's financial system as a whole. Proper data management is also necessary for the timely and complete provision of regulatory reporting, on the basis of which supervisory decisions are made, among other things.

The conditions for the development of data management systems are created by the Bank of Russia taking into account global experience, the current level of development of financial organizations, current restrictions on technologies and general challenges facing the domestic financial market.

In 2024, the regulator created a working group on the development of data management systems for financial market participants, which includes representatives of the Bank of Russia's structural divisions and the director of data management for financial institutions. The head of the working group is Deputy Chairman of the Bank of Russia Valery Kazarin. The working group includes subgroups to develop a methodology for assessing the maturity of data management systems for financial market participants and to develop methodological recommendations for the development of data management systems for financial market participants.

The working group has developed recommendations for the development of data management systems for financial market participants and a methodology for self-assessing the maturity of data management systems for financial market participants.

Market participants are encouraged to regularly conduct self-assessments of the maturity level of data management systems, which will improve the quality of data and analytics, optimize information management processes, and more quickly adapt to regulatory changes. Based on the results of the self-assessment, a market participant can take advantage of recommendations of the working group to improve the efficiency of their processes and technological solutions.

Responsible structural unit: Department of Data, Projects and Processes

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

The development of modern technologies, the increase in the amount of data, the emergence of new financial products and the digitalization of traditional ones require financial market participants to create and improve data management systems.

The main tasks of data management systems development:

improving the quality and reliability of data, increasing their efficiency, transparency of data preparation processes for regulatory reporting, increasing flexibility and speed of response to changes in regulation, increasing the efficiency of core business processes.

The Bank of Russia believes that data management systems of individual financial institutions are important for maintaining the quality of data in the country's financial system as a whole. Proper data management is also necessary for the timely and complete provision of regulatory reporting, on the basis of which supervisory decisions are made, among other things.

The conditions for the development of data management systems are created by the Bank of Russia taking into account global experience, the current level of development of financial organizations, current restrictions on technologies and general challenges facing the domestic financial market.

In 2024, the regulator created a working group on the development of data management systems for financial market participants, which includes representatives of the Bank of Russia's structural divisions and the director of data management for financial institutions. The head of the working group is Deputy Chairman of the Bank of Russia Valery Kazarin. The working group includes subgroups to develop a methodology for assessing the maturity of data management systems for financial market participants and to develop methodological recommendations for the development of data management systems for financial market participants.

The working group has developed recommendations for the development of data management systems for financial market participants and a methodology for self-assessing the maturity of data management systems for financial market participants.

Market participants are encouraged to regularly conduct self-assessments of the maturity level of data management systems, which will improve the quality of data and analytics, optimize information management processes, and more quickly adapt to regulatory changes. Based on the results of the self-assessment, a market participant can take advantage of recommendations of the working group to improve the efficiency of their processes and technological solutions.

Responsible structural unit: Department of Data, Projects and Processes

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

(Part 5 of Article 31 of the Law on NPS)

The activities of the Bank of Russia to improve the activities of NPS entities and the services they provide, as well as to develop payment systems, payment infrastructure, and the digital ruble platform (hereinafter referred to as monitoring objects) based on the recommendations of the regulator.

Monitoring of NPS entities is carried out by the Bank of Russia in accordance withLaw on NPSAndBy Bank of Russia Instruction No. 6950-U “On the procedure for implementing monitoring in the national payment system”.

Monitoring of the national payment system is carried out on an ongoing basis and includes:

Monitoring activities of NPS entities and (or) the functioning of observation objects
Rating activities of NPS entities and (or) the functioning of observation objects
Initiating Change— preparation based on the results of the assessment of proposals for changing the activities of NPS entities and (or) the functioning of observation objects

The Bank of Russia regularly discloses information on the results of monitoring in the NPS in reviews.

Results of observation in the national payment system

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Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

Collection of cash, bills, payment and settlement documents and cash services for individuals and legal entities

Purchase and sale of foreign currency in cash and non-cash forms

Carrying out money transfers without opening bank accounts, including electronic money (except for postal transfers)

Carrying out transfers of funds on behalf of individuals and legal entities, including correspondent banks, through their bank accounts

Opening and maintaining bank accounts for individuals and legal entities

Attracting funds from individuals and legal entities into deposits (on demand and for a specified period)

Placement of funds attracted into deposits (on demand and for a certain period) of individuals and legal entities on their own behalf and at their own expense

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

Information on funds attracted by credit institutions

Volume of deposits from individuals attracted by credit institutions

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The volume of funds attracted by credit institutions from legal entities

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Volume of savings (deposit) certificates, bonds and bills issued by credit institutions

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Data on the amounts of bills of exchange discounted by credit institutions

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Data on the amounts of funds of legal entities and individuals attracted by issuing bills of exchange by credit institutions

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Data on the volume of attracted bank deposits

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Information on the amount of assets and equity (capital) of credit institutions

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Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

Information on funds attracted by credit institutions

Volume of deposits from individuals attracted by credit institutions

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The volume of funds attracted by credit institutions from legal entities

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Volume of savings (deposit) certificates, bonds and bills issued by credit institutions

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Data on the amounts of bills of exchange discounted by credit institutions

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Data on the amounts of funds of legal entities and individuals attracted by issuing bills of exchange by credit institutions

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Data on the volume of attracted bank deposits

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Information on the amount of assets and equity (capital) of credit institutions

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Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

Full company name

JOINT-STOCK BANK “ASPECT” (Joint-Stock Company)

Abbreviated company name

AB “ASPEKT” (JSC)

Registration number

608

Date of registration by the Bank of Russia

10/26/1990

Primary state registration number

1027739326207 (07.10.2002)

Address from the charter

129327, Moscow, st. Lenskaya, 28

Actual address

129327, Moscow, st. Lenskaya, 28

Charter

Date of approval of the latest version of the charter: 01.12.2015, agreed changes to the charter: other changes (20.12.2018)

Authorized capital

RUB 45,300,000.00, date of change in the authorized capital: 01.11.2002

License (date of issue/last replacement)Banks with a basic license are banks that have a license that has the word "basic" in its name. All other active banks are banks with a universal license.

The license was revoked by the order of the Bank of Russia OD-809 dated 12.04.2019

Participation in the deposit insurance system

Yes

Brand name in English

Joint Stock Bank “Aspect”, “Aspect – Bank”

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

Public discussion

Draft regulatory documents of the Bank of Russia for public discussion

Summary table of proposals and comments on the draft Bank of Russia instruction "On Amendments to Bank of Russia Instruction dated April 10, 2023 No. 6406-U"

Draft regulation of the Bank of Russia "On the requirements for targeted internal control rules to combat the legalization (laundering) of proceeds from crime, the financing of terrorism, extremist activity and the financing of the proliferation of weapons of mass destruction, on the qualification requirements for special officials responsible for the implementation of targeted internal control rules to combat the legalization (laundering) of proceeds from crime, the financing of terrorism, extremist activity and the financing of the proliferation of weapons of mass destruction, and on the procedure for informing organizations carrying out transactions with funds or other property that are members of a banking group or banking holding company, on the introduction of the ban specified in Part Two of Article 13 of Federal Law No. 115-FZ of August 7, 2001 "On Combating the Legalization (Laundering) of Proceeds from Crime and the Financing of Terrorism"

Draft Bank of Russia instruction "On the procedure for notification by a bank (other credit institution) of the opening or closing of an account, of a change in account details, of a change in account details in electronic form to the territorial body of the insurer"

Draft Bank of Russia Instruction “On Amending Bank of Russia Instruction No. 3701-U of June 29, 2015 “On the Procedure for Sending Requests and Receiving Information from the Central Catalog of Credit Histories by Submitting a Request through a Notary”

Draft Bank of Russia Instruction “On Amendments to Bank of Russia Instruction No. 135-I of April 2, 2010”

Draft Bank of Russia Instruction "On the cases and procedure for partial redemption of investment units of a closed-end mutual investment fund without the owner of the investment units submitting a request for their redemption"

Draft Bank of Russia Instruction "On Amendments to Bank of Russia Instruction No. 6568-U dated October 6, 2023"

Summary table of comments and suggestions on the draft Bank of Russia instruction "On Amendments to Bank of Russia Instruction dated September 18, 2017 No. 4533-U"

Summary table of comments, suggestions and questions on the draft Bank of Russia Instruction “On types of assets, characteristics of types of assets for which risk coefficient surcharges are established, and on the application of surcharges to the specified types of assets when credit institutions determine capital adequacy standards”

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

Calculation by banks of the maximum yield on attracted deposits for the purpose of submitting information on the maximum yield on attracted deposits to the Bank of Russia as part of the reporting is carried out in accordance with the Procedure for compiling and submitting reports on form 0409119 "Data on the maximum yield on deposits of individuals", established by Appendix 1 to Bank of Russia Instruction dated 10.04.2023 No. 6406-U "On the forms, terms, procedure for compiling and submitting reports of credit institutions (banking groups) to the Central Bank of the Russian Federation, as well as on the list of information on the activities of credit institutions (banking groups)" (taking into account the changes provided for by Bank of Russia Instruction dated 10.07.2024 No. 6800-U "On Amendments to the Bank of Russia Instruction dated April 10, 2023 No. 6406-U".

Based on the specified information, the Bank of Russia calculates the average market value of the maximum yield on deposits of individuals by type of deposit on a monthly basis and publishes it for informational purposes in the subsection “Banking sector” of the section “Statistics”.

The average market value of the maximum yield on deposits of individuals is determined by the Bank of Russia as the average value of the maximum yield on deposits attracted in banks that attracted, over the past calendar month, in total two-thirds of the total volume of corresponding deposits in banks of the Russian Federation.

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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