The Central Bank assesses the problem of liquidity flow from the stock exchange to banks

The Central Bank (CB) is analyzing the issue of transferring the liquidity of investors from stock exchanges to banks. Later, the regulator will make decisions. Earlier, the chairman of the supervisory board of the Moscow Exchange, Sergey Shvetsov, said that “banks are trying to become exchanges and pull liquidity onto themselves,” so the Central Bank needs to study this problem.

“We are aware of this situation and are interacting with market participants that are able to generate a significant pool of liquidity within themselves and close customers in their own ecosystem. Important, in our opinion, is the formation of the market price in this case. Now the Bank of Russia is assessing the impact of this practice, which will determine the further steps of the regulator, ”the regulator’s press service said (quote from “Interfax”).

On September 23, Sergey Shvetsov spoke about the problem of liquidity concentration in banks. He said that such competition between exchanges and banks “should not be fueled by regulatory arbitrage.” According to the chairman, in terms of trading volumes, the Moscow Exchange did not reach the turnover that it had before February of this year.

The total trading volume on the Moscow exchange markets in august – 81.2 trillion rubles, in July – 75.7 trillion rubles. AT March the volume amounted to 154.5 trillion rubles.

Read about the problem in the material “Kommersant” “Fell but didn’t get back”.

Polina Sobakina