TITLE: Russia's Central Bank Launches Consultation on Systemically Important Credit Institution Methodology
BODY:
On May 22, 2025, the Bank of Russia published a consultation report outlining a new concept for the methodology used to determine systemically important credit institutions (SICIs).
The consultation report presents a revised framework for identifying and classifying credit institutions that are considered systemically significant to the Russian financial system. Systemically important credit institutions are those whose failure or distress could pose risks to financial stability. The new methodology concept aims to establish updated criteria and procedures for this identification process, reflecting current market conditions and regulatory priorities. The Bank of Russia is seeking feedback from market participants, industry stakeholders, and the public on the proposed approach to ensure the methodology is comprehensive, transparent, and appropriately calibrated.
Responses to the consultation, including answers to questions posed in the report and any comments or suggestions, must be submitted by June 27, 2025 to surveys_DBRA@cbr.ru. The Bank of Russia published a report summarising the outcomes of the consultation discussion on February 20, 2026.
**Reference:**
Bank of Russia, "Доклад для общественных консультаций «Новая концепция методики определения системно значимых кредитных организаций»" (Consultation Report on New Concept for Systemically Important Credit Institution Methodology), May 22, 2025, available at www.cbr.ru