The Central Bank of Russia has published a draft ordinance proposing changes to banks’ market risk framework. The main change would expand banks’ ability to use national ratings when assessing market risk, with the stated aim of making risk measurement more accurate and optimizing capital requirements. The proposal would cover a broad range of debt securities in banks’ trading books, including securitization instruments and bonds issued by Russian companies, foreign countries and Russia’s constituent territories. It would also introduce a more risk-sensitive approach to the assessment of commodity derivatives. Feedback on the draft is open through 14 July 2026.
Central Bank of Russia2026-06-30
Central Bank of Russia consults on wider use of national ratings and revised market risk treatment for commodity derivatives
The Central Bank of Russia has proposed changes to banks’ market risk rules that would broaden the use of national ratings and support more accurate capital treatment. The draft would apply to a wide range of trading book debt securities and would also introduce a more risk-sensitive approach to commodity derivatives. Comments are due by 14 July 2026.