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:

Russia is not Going to Join OPEC Russian Entrepreneur Introduces Bitcoen New social disease Russian MOFA Invited BBC To Make A New Film Rouble plunges against oil prices decline

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Flowers Delivery

search on the map
LGBT in Russia  Moscow events  Snegurochka  Russian Literature  Russian Cinema  Russian universities  Dima Yakovlev Law  Neglinka  Moscow Philharmonic  Russian tourism  activity holidays  Arctic  Gazprom  Baba Yaga  MexSat  Russian history  Archeology  Exhibitions in Moscow  Kavalerovo   Russian laws  Pavel Fedotov  Russian children  Museums of Russia  Rostov-on-Don  Russian aviation  Arsky Kamen  Danila Kozlowski  Murmansk  Vasily Sitnikov  Alexey Nikishin  Mercedes-Benz Fashion Week Russia  Painting  Moscow  Russia-Britain  Kuzma Minin  insurance  Finds  Holy Trinity Lavra  incident  Uryupinsk  Russian business  Norilsk Nickel  Kemerovo Region  Novosibirsk  contest  Traditional Russian Dress  Krasnoyarsk Museums  Graffiti  Hockey Worlds 2012  Moscow Photographic Salon 

Travel Blogs
Top Traveling Sites