At the beginning of August, the Central Bank presented a document outlining the main issues and challenges for the development of the financial market in the new realities. Market participants commented on it. They criticised the regulator's proposal to create a fund to support the sector, which would be formed from the funds of financial institutions themselves. In addition, they proposed to exclude the ESG-aid from the document. At the same time, the experts polled by Pravo.ru note that the Central Bank in the document did not touch upon the main problem faced by banks in Russia, and some of its ideas would be suitable for calmer times.
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Commented by Volosnikov Sergey, Advisor, Head of Financial and Analytical Department