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SANITIZED BANKS AND NPFS MAY BECOME LESS RESPONSIBLE FOR THE DEBTS OF "DAUGHTERS"

... draft, the aggregate amount of such claims should not exceed the value of the net assets of the financial institution at the end of the quarter in which the decision on rehabilitation was made. Prior to that, the document implied that representatives of bankrupt companies could challenge creditors' claims in court. In addition, the bill introduced a norm according to which the requirements of the rehabilitated banks to debtors will not be lowered in the queue for repayment if the relevant grounds arose before the procedure. These include cases when the bank provided compensatory ...

The term of unsecured loans may be shortened in Russia

... to improve the system for calculating the full cost of a consumer loan. It was also proposed to oblige banks to make settlements depending on the behavior of the borrower when repaying the entire amount in larger or smaller payments. In addition, the bill proposes the introduction of an obligation for banks to offer an alternative consumer loan in a situation where there is a proposal for additional services when concluding the initial contract. If the bill is adopted, it will enter into force six months after the date of its official publication.

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