The Russian market has prepared for sanctions


Photo: Grigory Sysoev / RIA Novosti

Moscow exchange and other infrastructure organizations of the stock market is ready for a possible tightening of anti-Russian sanctions, said the financial Director of a stock exchange Maxim Lapin, quoted by RIA Novosti.

According to him, the exchange’s management had all the necessary stress tests. In particular, it was simulated a situation in which market participants sell their assets, resulting in their accounts is a lot of available funds. They all become liabilities of the National clearing center (NCC) — and increase pressure on its capital (the NCC has a standard banking license and therefore must abide by all regulations of credit institutions).

A similar situation, according to Lapin, took place at the end of 2014 after a sharp fall of the ruble. To prevent its recurrence, and in September the meeting of the Supervisory Board of the Moscow exchange, it was decided not to pay interim dividends.

They will be taken into consideration in the equity of NFCs and, if necessary, will enable him to comply with the regulations of the Central Bank. “If the sanctions will be less rigid, the need to keep a “cushion of safety” goes, this reserve can be allocated to the dividends for the year. In the normal course of business of the Moscow exchange capital, the NCC can vary in the region of 55-65 billion rubles,” — said Lapin.

The U.S. Congress will return to consideration of the introduction of new anti-Russian sanctions after the results of the midterm elections held on November 6.

Video, photo All from Russia.


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