Russian Central Bank mulling implementing regulation for banks' currency liquidity - deputy governor

SOCHI. Sept 26 (Interfax) - The Central Bank of Russia is considering implementing a regulation on currency liquidity for banks, Central Bank Deputy Governor Olga Polyakova said.

"We are carrying out targeted work on decurrencization. We have even thought about a regulation for currency liquidity," Polyakova said in Sochi at the international banking forum organized by the Association of Banks of Russia.

The CBR plans to consult with the banking community at the end of 2024 or the beginning of 2025 on implementing the regulations, First Deputy Director of the CBR Banking Regulation and Analytics Department Anton Naberukhin said in a presentation.

"We will begin discussing the matter with the banks. Even if we conclude that we need the regulation, then we would most likely begin to develop it only next year, and it would not enter into force sooner than 2026," Polyakova told reporters.