Izvestia: Russian banks will be allowed to destroy paper contracts without the consent of clients with clients. Izvestia writes about this with reference to the department.
The Ministry, within the framework of the Digital Economy program, has developed a bill that provides for the creation of the possibility of converting bank documents into another format while maintaining their legal significance. The department believes that this will help businesses save billions of rubles. Now the law requires the preservation of many paper documents for 75 years, for which entrepreneurs annually spend 3.5 billion rubles.
The document has already been submitted to the State Duma and is awaiting consideration in the first reading. It provides for the destruction of paper originals of contracts only with the consent of each of the parties to the multilateral document, secured by a strengthened qualified electronic signature (UCEP). However, the Ministry of Economic Development considers this procedure difficult and, noting the interest of market participants in the early digitalization, has already prepared amendments for the second reading.
So, the document is supposed to enable the largest and most reliable banks from the point of view of the government and the Central Bank to destroy paper originals without signing an electronic duplicate by the second party. In addition, it is planned to allow the digital version of the document to be endorsed by an individual not only by the UKEP, but also by an enhanced unqualified electronic signature generated on the State Service portal and confirming the invariability of the document from the moment of its signing.
The Ministry of Economic Development noted that the speech it is not about a simple electronic signature (PES), the bill is intended to provide maximum protection for consumers of banking services. If the amendments are agreed, the State Duma will be able to take the initiative already in the autumn session.
The Central Bank informed the edition that they support the proposed changes. The Ministry of Finance did not respond to the newspaper's request.
Earlier, Vedomosti wrote that Russian banks do not want to independently calculate the amount of the debtor's subsistence minimum, which cannot be recovered, but intend to shift this responsibility to the bailiffs. Bankers fear that such an approach will force them to incorporate new risks into loan rates. In addition, banks were concerned that this practice would negatively affect the payment discipline of borrowers.