will oblige to create reserves to reduce risks for clients – Finance on vc.ru


The measures will help reduce risks – this is necessary due to the active growth of customers, according to the Central Bank.

  • From October 1, 2021, the Central Bank plans to tighten regulation for brokers, management companies and forex dealers, follows from the draft directive published on the regulator’s website.
  • So the Central Bank will speed up regulation for professional participants in the securities market – he planned to do this in April 2022, RBC notes. The department believes that the measures will help improve the reliability of organizations during a period of active growth of clients.
  • The Central Bank’s message says that brokers, like banks, can use clients’ funds to their advantage, including in order to issue loans, but they have no reserve requirements. This will lead to high risks for clients.
  • Organizations will also have to calculate the capital adequacy ratio on a monthly basis, that is, the ratio of the amount of capital to the amount of credit risk. First, it should be at 4%, from April 1, 2022 – 6%, and from October 1, 2022 – 8%.
  • “Investments in themselves are risky activities, but the risks of financial stability of professional participants in conditions of rapid market growth should not be borne by clients,” the words of Deputy Chairman Vladimir Chistyukhin are quoted in the message of the Bank of Russia.
  • Pavel Mitrofanov, Managing Director for Corporate and Sovereign Ratings at Expert RA, confirmed to RBC that most brokers can dispose of client balances. According to him, due to the requirements of the Central Bank, market participants will keep this money in more reliable instruments.

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