Bank of Russia to widen eligible collateral

The Central Bank of Russia (CBR) intends to expand the list of paper involved in the refinancing mechanism with 'securities of non-rated borrowers', according to the Russian newspaper Kommersant. "This should make life easier for second- and third-tier banks," CBR first deputy head Alexei Ulyukayev said.

In addition, starting in October, the CBR intends to downgrade its requirements for securities left as a deposit by two levels. The measures will allow the CBR to raise the amount of paper it

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