The Central Bank will keep information about beneficiaries and counterparties of insurers closed in 2023

The Central Bank specified the list of information on insurers, which will remain closed next year. In particular, we are talking about data on beneficiaries and counterparties.

At the same time, the Central Bank is not opposed to disclosing information that will give an understanding of the state of affairs in the insurance market, Ilya Smirnov, acting director of the insurance market department of the Bank of Russia, told reporters. Asked about plans for retrospective disclosures for the 2022 period, he said “the regulator is still thinking about it.” “It is important to have continuous statistical series. We understand this,” said Mr. Smirnov (quoted from “Interfax”).

The Central Bank is interested in obtaining digital data for analysis, he noted. about. director of the insurance market department. He did not rule out that excessive closure of information leads to the fact that “we beat ourselves more than we protect market participants.”

President Vladimir Putin in March signed a law establishing special regulation in the financial market until the end of 2022. Among other things, it restricts access to information about joint-stock companies. The Central Bank received the right to determine the list of information of financial institutions that they have the right not to disclose.

Leonid Uvarchev