CBR sets foreign bank capital procedures

The Russian central bank has established procedures for Russian bank participation in the charter capital of foreign banks.

The procedures are formed and operating according to the legislation of OECD member states and/or the Financial Action Task Force on money laundering (FATF) that are not Russian bank subsidiaries.

In accordance with instruction No. 1220-U, published Wednesday in Central Bank Review No. 5 (657), banks with a general license have the right to acquire shares in the foreign

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: