RBC: The Central Bank will not be able to impose restrictions on issuing loans for systemically important organizations The Central Bank will not be able to impose restrictions on issuing unsecured loans only for systemically important credit institutions (SZKO) – they will not be singled out as a special category. Such a clause has been excluded from the draft law on direct quantitative restrictions that was finalized for the second reading, writes RBC, citing sources. The Russian authorities think that the limits should be equally applied to all banks with a universal license, so that there is no regulatory arbitrage and risky loan flows. Also, the new version of the bill no longer contains the words “direct quantitative restrictions”. Instead, it is proposed to use the special term “macroprudential limits.” The freedom of the Bank of Russia to impose bans on creditors will be limited. The Central Bank will be
