Russian Central Bank encourages banks to diversify their liabilities

Central Bank is working with Russian banks, aimed at diversification of liabilities, told the director of the department of banking regulation and supervision of the Central Bank of Russia Alexey Simanovsky. According to him, while the CBR is not going to fix it is normative. A. Simanovsky explained that some banks, a high concentration of risks on business owners and credit of individual industries. In addition, in his opinion, do not forget about the other side of the balance sheet - liabilities. "It is sometimes high concentration on the liabilities side, first of all it's contributors. On this side of the balance also needs to pay attention," - he said. Director of the Department of the Central Bank added that the regulator is of interest concentration of risk for liabilities in excess of 50% of the liabilities. He explained that first and foremost interested in the credit institutions, where one source of funding to one group more than 50%. In particular, if individuals' deposits in bank liabilities exceed this figure. A. Simanovsky also stressed that discusses the different periods, during which should happen diversification of these liabilities. "Until three years, I believe the term is sufficient. If far beyond four years, a few lost sense of reality," - he said. However, the representative of the Central Bank added that he believes this issue is so important, as the diversification of banks' assets.