The Russian authorities supported the idea of the Central Bank on the limitations on the issuance of loans, however such measures should be distributed only to the sector of unsecured consumer lending, the Cabinet of Ministers. Interfax reports this with reference to a government feedback to the appropriate bill.
State Duma deputies should substantiate the need to enter the Central Bank to enter quantitative restrictions on the issuance of loans for the population, is stated in the document. You also need to remove a differentiated approach to various banks and return the rate of preliminary consultations with the government, stressed in the Cabinet.
Earlier, Chairman of the Bank of Russia Elvira Nabiullina stated that the current situation in the market of the Credit loan would require the Central Bank to quickly move to direct prohibitions for the issuance of individual loans. The bill has not yet been made due to disagreements with the government, she noted.
“While colleagues in the government we cannot convince, unfortunately. There are some fears. But, in our opinion, the bill, of course, must be faster,” said Nabiullina. The draft law on direct quantitative restrictions in the field of lending contributed to the State Duma in the spring of this year.