Russia’s central bank will allow the country’s largest commercial bank to use an internal ratings-based (IRB) approach to calculating its capital ratios.
Sberbank will be able to use the IRB approach from January 1, 2018, the Bank of Russia says in a press release dated November 20. The Bank of Russia notes that this is the first time it had authorised the use of IRB. The central bank says its regulators have been evaluating Sberbank’s internal models for “more than a year and a half”.
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