On Jun. 17, 2025, RUS CB published ord 7005-U on permits for applying banking credit risk management methods and quantitative credit risk assessment models.
The ord updates the procedure for obtaining permission for a bank to use banking credit risk management methods and quantitative credit risk assessment models.
The ordinance enters into force on Jun. 27, 2025 (10 days after official publication) and from the date of entry into force will replace ordinance 6445-U.
On Jul. 19, RUS CB proposed rules re credit risk management.
RUS CB proposed Bank of Russia ordinances on permits for applying banking credit risk management methods and quantitative credit risk assessment models.
Involves replacing RUS CB ordinance no. 3752-U concerning authorization for using own credit risk management methods and quantitative credit risk assessment models, for calculating capital adequacy ratios and also on their quality evaluation procedure.
In line with art 72, part 1 of Law 86-FZ concerning the Bank of Russia.
Update relevant RUS CB regulations, as well as relevant quality evaluation procedure.
In addition, delete wording for the purpose of calculating capital adequacy ratios in RUS CB regulations re authorization for internal ratings-based (IRB) approach.
In view of planned increase in scope of the authorization for IRB approach, to cover formation of bank reserves for possible losses, determination of expected credit losses.
Effectiveness
Comments on the public consultation should be received by Aug. 1, 2021.
Nov. 2023 Ordinance Issued
On Nov. 20, 2023, RUS CB issued ordinance 6445-U on permits for applying banking credit risk management methods and quantitative credit risk assessment models.
On the same day, RUS CB issued ordinance 6446-U invalidating ordinance 3752-U.
Ordinance 6445-U and ordinance 6446-U enter into force on Nov. 30, 2023.
Jun. 2025 Update
On Jun. 17, 2025, RUS CB published ord 7005-U on permits for applying banking credit risk management methods and quantitative credit risk assessment models.
The ord updates the procedure for obtaining permission for a bank to use banking credit risk management methods and quantitative credit risk assessment models.
The ordinance enters into force on Jun. 27, 2025 (10 days after official publication) and from the date of entry into force will replace ordinance 6445-U.
Regulators
RUS CB
Entity Types
Bank; CU
Reference
PR 7/17/2025; PR 11/20/2023; Ord 6445, Ord 6446-U, 6/13/2023; PR, 7/19/2021; Ord 3752-U, 8/6/2015; Law 86-FZ, 7/10/2002; Fintech; Citation: Law 86-FZ;
