What risks did banks see in the approaches of the Central Bank to ecosystems
Banks saw the Central Bank's proposed regulation of ecosystems as negative consequences for more than 100 banks, including the potential closure of branches in Russian cities. The letter to the HEAD of the Central Bank Elvira Nabiullina, where such concerns were expressed, was signed by the heads of Sberbank and VTB, the chairmen of the boards of Gazprombank and Otkritie, as well as Georgy Luntovsky, president of the Association of Banks of RUSSIA.
The Central Bank proposed to tighten the regulation of immobilized bank assets - investments in real estate, land, non-financial companies and fixed assets of banks. However, such assets often end up with banks when they take collateral from insolvent borrowers. Regulation will affect all market participants and non-core assets on their balance sheet, and not just ecosystems, the Central Bank itself previously recognized.Why, after this, more than 100 banks will not be able to meet the new requirements of the Central Bank on capital adequacy, read the full version of the material on RBC:
The heads of the largest banks announced the risks due to the approach of the Central Bank to ecosystems