meta_id 3288184

On June 30, 2026, the Bank of Russia announced planned enhancements to its regulation of market risk for credit institutions. The changes expand banks' ability to use domestic ratings for more precise market risk assessment, enabling them to optimise capital requirements. The regulatory modifications will affect a broad range of debt securities held in banks' trading portfolios, including securitisation instruments, bonds issued by Russian corporate entities, foreign sovereigns, and subjects of the Russian Federation. The Bank of Russia is also introducing a more risk-sensitive approach to assessing commodity derivatives. These changes aim to refine how credit institutions calculate and manage market risk exposure, allowing for more granular risk measurement that better reflects actual market conditions. By permitting greater reliance on national ratings and implementing enhanced sensitivity to commodity derivative risks, the Bank of Russia seeks to align regulatory capital requirements more closely with underlying economic risks. This approach should reduce unnecessary capital burdens on institutions while maintaining prudential safeguards. The Bank of Russia is accepting comments and proposals on the draft directive until July 14, 2026, inclusive. Stakeholders, including credit institutions and market participants, are invited to submit feedback during this consultation period. Following the close of the comment period, the Bank of Russia will review submissions before finalising the regulatory amendments. REFERENCES: Bank of Russia. "Bank of Russia Enhances Market Risk Regulation for Credit Institutions." June 30, 2026. Available at: www.cbr.ru