Basel III: Subordinated Debt Regulation Amended

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On 25 October 2013 the Bank of Russia (the “CBR”) issued Instruction No. 3096 U introducing amendments to the CBR Regulation No. 395-P “On the Method of Calculation of the Amount and Assessment of Adequacy of the Net Worth (Capital) of Credit Organizations (Basel III)” dated 28 December 2012.

The amendments to CBR Regulation No. 395-P relate to subordinated loans included in a Russian bank’s Tier 1 and Tier 2 capital. The amendments aim to cure certain unclarities and deficiencies identified in the course of implementation of the previous version of Regulation No. 395-P since it was introduced and came into force in March – April 2013.

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Topics:  Asset Valuations, Bank of Russia, Banking Sector, Basel III, Capital Markets, Capital Requirements, Leverage Capital Ratio

Published In: Finance & Banking Updates, International Trade Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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