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News of the Federal Legislation

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News of the Federal Legislation


There is established the size of living wage in the Russian Federation for period from 2005 till quarter II, 2007
2007-12-11 06:00

NEWS OF THE FEDERAL LEGISLATION

There is established the size of living wage in the Russian Federation for period from 2005 till quarter II, 2007

The Decree of the Government of the Russian Federation N 841 of December 4, 2007 (document is in Russian) establishes the size of living wage per capita and on basic social-demographic groups of population as a whole in the Russian Federation (quarterly) from 2005 till quarter II, 2007.

In particular, the size of living wage for quarter II 2007 consists: as calculated per capita - 2451 ruble; for able to work population - 2690 ruble; for pensioners - 1849 ruble; for children - 2394 ruble, that is more than it was established by the Decree of the Government of the Russian Federation N 105 of March 2, 2005 (document is in Russian) for quarter IV, 2004 accordingly 1358, 1426, 1184 and 1253 ruble.

The amendments are made to the Instruction of the Bank of Russia "On bank operations and other deals of settlement non-bank credit institutions, obligatory norms of the latter"
2007-12-12 06:00

NEWS OF THE FEDERAL LEGISLATION

The amendments are made to the Instruction of the Bank of Russia "On bank operations and other deals of settlement non-bank credit institutions, obligatory norms of the latter"

  In accordance with adoption of the Provisions of the Bank of Russia N 313-P "On procedure for calculation of the size of market risk by credit institutions" of November 14, 2007 (document is in Russian), the Directions of the Bank of Russia N 1908-U of November 14, 2007 (document is in Russian) gives in the new wording clause 3.10 of the Instruction of the Bank of Russia N 129-I "On bank operations and other deals of settlement non-bank credit institutions, obligatory norms of the latter and specifics of supervision carried out by the Bank of Russia over observance thereof" of April 26, 2006 (document is in Russian).

This Directions is subject for official publication in the " News Bulletin of the Bank of Russia", and it shall come into effect from January 1, 2008.

The amendments are made to the Provisions of the Bank of Russia "On the procedure of formation of reserves for possible losses by credit institutions" and "On establishing sizes (limits) of open currency positions, methods of calculation thereof"
2007-12-12 06:00

NEWS OF THE FEDERAL LEGISLATION

The amendments are made to the Provisions of the Bank of Russia "On the procedure of formation of reserves for possible losses by credit institutions" and "On establishing sizes (limits) of open currency positions, methods of calculation thereof"

The Direction of the Bank of Russia N 1907-U of November 14, 2007 (document is in Russian) makes amendments to the Provisions of the Bank of Russia N 283-P "On the procedure of formation of reserves for possible losses by credit institutions" of March 20, 2006 (document is in Russian).

The Direction of the Bank of Russia N 1906-U of November 14, 2007 (document is in Russian) makes amendments to subclause 1.8.2 of clause 1.8 of the Instruction of the Bank of Russia N 124-I "On establishing sizes (limits) of open currency positions, methods of calculation thereof and specifics of supervision over observance thereof by credit institutions" of July 15, 2005 (document is in Russian).

These amendments bring certain provisions into accordance to effecting legislation, pursuant to adoption of the Provisions of the Bank of Russia N 302-P "On the rules of accounting in credit institutions located in the Russian Federation" of March 26, 2007 (document is in Russian).

There is approved the procedure for calculation of the size of market risk by credit institutions
2007-12-12 06:00

NEWS OF THE FEDERAL LEGISLATION

There is approved the procedure for calculation of the size of market risk by credit institutions

The Provisions of the Bank of Russia N 313-P of November 14, 2007 (document is in Russian) establishes the procedure for calculation of the size of market risk by credit institution, that is risk of arising of financial losses for credit institution as a result of changing of current (fair) value of financial instruments named in clause 1.1 of this Provisions, as well as rates of exchange and (or) accounting prices for precious metals.


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