The Bank of Russia has released a consultation paper proposing changes to how credit institutions submit information to the regulator. The proposal suggests that data should be organized into datasets based on a single model, replacing the current system of reporting forms.
Under the proposed changes, detailed data could be collected primarily on a one-off basis, with only updated information required in subsequent submissions. The Bank of Russia is also considering new methods for processing large volumes of data quickly. These include providing the regulator with direct access to credit institutions’ data marts in real time.
According to the report "Improving Collection of Credit Institutions’ Reporting," these approaches aim to reduce both the frequency of changes made to reporting and the number of requests from the Bank of Russia. The regulator expects this will enhance analytical capabilities, improve data quality, and speed up delivery times.
"The Bank of Russia welcomes answers to the questions raised in the consultation paper as well as comments and suggestions through 31 October 2025."
In addition, planned changes will be discussed at the Forum of Innovative Financial Technologies Finopolis, which is scheduled for 8–10 October 2025.