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Subjects / Liquidity

Newsletter July/August 2013: Russia delays and dilutes its Basel III capital plans

Simon Turmaine | July 24, 2013

MOSCOW – A three-month delay in Russia’s implementation of the Basel III bank capital rules, along with some dilution in their application, is unlikely to result in any change in the level of capital held by the country’s larger banks, according to Fitch, the credit rating agency. The Central Bank of Russia (CBR) announced a retreat in early July from the stricter proposals originally adopted.

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