The Central Bank of Russia has introduced a National Liquidity Coverage Ratio (NLCR) that systemically important credit institutions (SICIs) must meet from 30 October 2025, replacing the existing Basel Liquidity Coverage Ratio (LCR). The NLCR is intended to reflect the specifics of the Russian financial market, including an expanded set of high-quality liquid assets and updated cash outflow rates. SICIs must submit their first NLCR data as of 1 November 2025. The dedicated NLCR reporting form is scheduled to take effect in January 2026; until then, banks will report NLCR data using the existing Basel LCR reporting form, with the Central Bank of Russia to provide clarifications on completing the new form.
Central Bank of Russia 2025-09-29
Central Bank of Russia replaces the Basel LCR with a National Liquidity Coverage Ratio for systemically important credit institutions
The Central Bank of Russia has introduced a National Liquidity Coverage Ratio (NLCR) for systemically important credit institutions, effective 30 October 2025, replacing the Basel Liquidity Coverage Ratio. The NLCR reflects the Russian financial market's specifics, including an expanded set of high-quality liquid assets and updated cash outflow rates. SICIs will report NLCR data using the existing Basel LCR form until the new form is implemented in January 2026.