National Short-Term Liquidity Ratio for major Russian banks will come into effect in Nov, a month later than planned

MOSCOW. Sept 25 (Interfax) - The National Short-Term Liquidity Ratio (NSLR) will come into effect in early November, and the Central Bank needs to make amendments to the regulatory act, Central Bank of Russia Governor Elvira Nabiullina said.

"We planned to introduce it [the ratio] on October 1, but clarifications to the regulatory act with the Justice Ministry are required. We therefore expect it to come into force in early November," Nabiullina said at the 22nd International Banking Forum organized by the Association of Russian Banks.