Basel III helps Russian banks handle economic turmoil, says Yudaeva

Bank of Russia

The 2014 implementation of the Basel III capital accord by the Bank of Russia has enabled the country's banks to be better prepared for the recent shocks of international sanctions and falling oil prices, and the subsequent December run on the ruble, according to Ksenia Yudaeva, a first deputy governor at the central bank.

The Russian currency recently stabilised at about 64 against the US dollar, following a record low of 80.1 in mid-December, after a halving in global oil prices exacerbated th

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 indvidual account here: