OREANDA-NEWS. September 21, 2010. CBR preparing trade-off variant of moratorium on bank’s exclusion from deposit insurance system. CBR is to work out a unified system of requirements to banks’ financial strength with an eye to exercise everyday supervision and acknowledge financial strength as sufficient factor for participating in the deposit insurance.

These provisions were outlined in the CBR draft monetary and credit policy for 2011-2013. “A unified approach, mentioned in the document, means that remedies for non-compliance with financial requirements will be applied based on the overall valuation of bank’s financial strength”, the head of the CBR Department for Licensing and Rehabilitation of Credit Organizations, Mikhail Sukhov told journalists.

He noted that in October, Bank of Russia should take a decision on setting a moratorium on exclusion of banks from the deposit insurance system for non-compliance with performance requirements.