Central Bank: Russia’s financial sector can independently restore stability
MOSCOW, November 29 – RIA Novosti. The report states that the financial sector of the Russian Federation is able to independently restore financial stability in the medium term, there is no longer an increase in systemic risks. project Central Bank “Main guidelines for the development of the financial market of the Russian Federation for 2023-2025”.
“The analysis by the Bank of Russia shows that the financial sector is able to independently restore financial stability in the medium term. Systematic additional capitalization of the financial sector, including the banking sector, is not necessary. Some financial institutions may need help from their owners,” the document states.
The Central Bank added that “there has not yet been an increase in systemic risks in the banking sector”. At the same time, the Central Bank emphasizes that the experience of recent years has shown the importance of having a capital buffer and possible means to cover risks.
For example, depending on the extent of the issues, such instruments may be direct capitalization through the acquisition of shares or subordinated liabilities, or the provision of capital guarantees entitlement to support in the event of a deterioration in financial position. organization.
Source: Ria
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