Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS
russian visa

The Bank Of Russia: Data Storage Requirements Will Be Changed
March 17, 2017 00:39


The Bank of Russia plans to strengthen requirements to the storage of documents and customers’ information by banks. The storage periods will grow, on the average, twice, and for some kinds of documents — seven times, up to 35 years.

The consent to the processing of personal data will be necessarily stored for 75 years, as the publication notes.

Bankers believe that the strengthening of requirements will lead to higher costs for document storage: the costs for rental of premises for archives and ensuring documents protection. The list of those dissatisfied with the new requirements includes major credit organizations, they have already appealed to the Association of Russian Banks (ARB).

“This measure is simply outrageous, that is why we have already written to the Central Bank requesting to cancel the order” - the Head of ABR Garegin Tosunyan told to the newspaper. According to him, the new standards will force lending organizations to shift a part of the additional costs to customers, which would increase the cost of credits in general.


Author: Anna Dorozhkina


Next Previous

You might also find interesting:

Sberbank Invests In Mobeewave The Buzz Barometer: "The losers are the children." Russian Ruble Will Outstay EU-Russia: WTO Friends or Foes? Russia Increases Trade With Brazil

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
Ekaterina Samutsevich  Karambol Theatre  Pussy Riot case  Roman Abramovich  Museums of Russia  Russian Internet blacklist  International Water Color Exhibition  Republic of Tatarstan  Russian academy of sciences  Altay  Monuments to People  space  Mercedes-Benz Fashion Week Russia  Exhibitions in Moscow  Amur Region  Armen Dzhigarkhanyan  Krasnoyarsk  Vladimir Lenin (Ulyanov)  National Library of Russia  technology  traffic rules  Russian history  Painting  entertainment in Kazan  Penza  Russian politics  Russian business  Archeology  Russian Museum  Arts and Crafts  Nikolay Millioti  Russian tourism  Yevtushenkov   Yuri Gagarin  Pechory  Russian Literature  fesival of reconstruction  Russian travellers  floods in Moscow  Mistral  Russian Cinema  Rock'n'roll  Hulk  ClearMath  Russian Theater  Moscow  Russia in space  Elabuga  Russian transport  Kaliningrad 

Travel Blogs
Top Traveling Sites