At the heart of policy: challenges and opportunities of central bank communication
The Central Bank included a bank in the so-called White List Bank of Russia gave the ICD to the significance of 2013 Central Bank published a list of criteria, according to which it will include banks in this list, but the list itself was first published only in the spring of 2015. The Central Bank includes a bank into a list of “systemically significant” based on the specific weight of the bank’s assets in total assets of the banking system (weighed with a 50% coefficient), the share in the market for attracting citizens through deposits, accounts and savings certificates (the weight of this indicator is 25%). The relationship between the Bank with other credit and financial organizations for attracted and placed funds, which is calculated as the proportion of obligations or requirements for them (before them) in the total volume of funds attracted and placed on the interbank (weighed with a ratio of 12.5% each).
How the Central Bank will support banks in case of liquidity outflow
For the ICD hitting the list of systemically significant banks, it is now – a landmark event, especially considering the ambiguous information background, which has developed around the largest private banks in August. The ICD was one of the banks, the fate of which analyst UK Alfa-Capital wrote in August with pessimism. According to his forecast, the placement of funds in the bank “FC Opening”, Promsvyazbank, Binbank and ICD “Conjugately with big risks, and the situation around them can be permitted this fall.”. The forecast for the “discovery” came true at the end of August – the Central Bank introduced a temporary administration to the bank and recognized the presence of serious problems in it (see. “Kommersant” of August 30).
Thus, now only one bank previously mentioned in the analytics letter is not systemically significant – BINBANK, although in terms of assets (according to the “Interfax” rating) a credit institution surpasses Rosbank and Raiffeisenbank.