February 08, 2016 BY Mike Fox

Bank of Russia says banks will need more capital for FX lending

In a bid to protect the banking sector from possible further ruble declines, The Bank of Russia officially suggested over the weekend setting increased risk ratios on FX loans and debt investments to ensure additional capital coverage of currency risks of the banking sector. In particular, an increased risk ratio equal to 1:1 is envisaged to be imposed on…

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