FBK Experts Took Part in the Round-Table Discussion on “Lending Agencies in the Crimea; Assets Valuation”.

Stanislav Novikov, FBK partner, and Alexander Matyushin, the Valuation Department deputy director, took part in the round-table of “Lending agencies in the Crimea: assets valuation” arranged by MIA ‘Russia Today”.

The discussion was focused on Federal Law #37 "On the Crimea Republic and Sevastopol Federal City financial system functioning specificity during the transition period" and list of recommended companies published by the Bank of Russia for the valuation of credit institutions. The CB list included 100 Russian appraisers, including FBK.

According to Stanislav Novikov, that list can be regarded not only as an invitation to the audit companies, but also as a message for business entities as to what companies they can work with and achieve quality performance results.

Alexander Matyushin believes that the assessment of all organizations in the Crimea will be successfully completed before the expiry of the statutory period, that is, prior to 1 January 2016. At the same time, FBK experts noted that certain difficulty may arise in connection with the fact that according to the law on the functioning of the Crimea financial system in the transition period, the formation of the banks ' capital may include the property registered in the territory of Russia or in the territory of a foreign state only.

"Crimea has become part of the Russian Federation, but there are hardly any assets duly registered. That is, formally, this property does not fall under the requirements of Law №37, nor under the requirements of the Russian law on the valuation activity", explained Stanislav Novikov.

Video of round-table