Credit institutions (and banking groups) will now need to disclose to users certain information about estimated adjustments to the fair value of financial instruments floating in a thin market with low liquidity. The disclosure must also include the lender’s global systemic performance indicators, along with the geographical breakdown of credit and market risks used to calculate the countercyclical capital buffer. The relevant ordinance has been registered by the Ministry of Justice of the Russian Federation.

Non-bank credit institutions will be obligated to disclose information on the risks assumed and the respective risk management procedures as part of their financial reporting.