Starting October 30, 2025, systemically important credit institutions (SICIs) in Russia will transition to a new National Liquidity Coverage Ratio (NLCR), replacing the Basel LCR currently in use. The Bank of Russia announced that this change aims to allow SICIs to assess their risks more accurately by considering the unique characteristics of the Russian financial market.
The updated regulation expands the list of high-quality liquid assets and revises outflow rates for monetary funds. According to the Bank of Russia, these adjustments are designed to better align liquidity risk management with domestic conditions.
Banks are required to submit their first NLCR data as of November 1, 2025. While a dedicated reporting form for the new ratio is expected to be introduced in January 2026, banks will continue using the existing Basel ratio reporting format until then. The Bank of Russia also stated it would provide clarifications for SICIs on how to complete the new reporting form.
