The Bank of Russia will carry out an evaluation of the ICAAP and capital adequacy assessments for credit institutions
and banking groups of which the parent credit institutions
' assets total at least 500 billion rubles within 2018 Q4.
Vejonis said that the amendments considerably narrow the range of possible candidates for the liquidators and insolvency administrators for credit institutions
, and restricts the opportunity to find the best candidate for the liquidation or insolvency process.
The activities of credit institutions
, Romanian legal persons, which must be authorized under the conditions mentioned above are specified by the provisions of G.E.O.
Data reported by the domestic credit institutions
were interpreted with caution because the Capital Requirements Directive IV standards are being implemented in Romania.
Supervision of Greek credit institutions
, such as Piraeus, is the responsibility of the Supervision Department of the Bank of Greece.
OD-939, dated 13 April 2018, the Bank of Russia appointed a provisional administration to the credit institution
for the period until the appointment of a receiver pursuant to the Federal Law 'On Insolvency (Bankruptcy)' or a liquidator under Article 23.1 of the Federal Law 'On Banks and Banking Activities'.
Muller also said that it is not clear for the central bank why the government is planning to impose the new tax system only on credit institutions
, but not the whole financial sector.
It also stresses that all credit institutions
should communicate in time with borrowers who are experiencing financial difficulties and consult in a positive spirit and a constructive way and to make continuous dialogue with borrowers in order to reach a mutually acceptable restructuring solution.
(12) In the national doctrine the opinion according to which the control which the state has through the central bank has as purpose the influence of the credit institutions
' behavior in order to reach this way the objectives of the monetary and foreign currency policy, as well the normal surveillance of the credit institution
Under this directive, investment firms, like credit institutions
, would be able to provide services across borders and establish branches throughout the Community without obtaining authorization from the host country.
The credit institution
failed to comply with the requirements of the legislation and Bank of Russia regulations on countering the legalisation (laundering) of criminally obtained incomes and the financing of terrorism with regard to the provision to the authorised body of required data on operations subject to obligatory control and the identification of its customers' beneficiaries.