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Russian banks received millions of information requests from the Federal Bailiff Service over three days in September, according to the National Financial Market Council. Banks say many requests concerned noncustomers and note that fines may apply for missed response deadlines. The cause of the increase and any penalties remain unconfirmed.
Russian banks received millions of requests from the Federal Bailiff Service (FSSP) seeking information about debtors over three days in September, according to the National Financial Market Council. The council has asked the Central Bank to review the episode. Banks say penalties may apply if they miss the statutory response deadline, but it is not clear whether any fines have been imposed.
The council reported that the requests arrived between September 18 and 21. Andrey Yemelin, its head, said the volume was at least 10 to 12 times the usual level and reached as much as 30 times the usual volume at some banks. One regional bank received 12.8 million requests on September 19, a count Yemelin said was equivalent to what it normally receives in a month.
More than 90% of the requests concerned people who were not customers of the banks that received them, Yelena Samokhina, director of the banking development department at the Association of Banks of Russia, said. The figures and descriptions were reported by Meduza, citing the banking organizations and representatives named in its report.
Russian banks are required to respond to each request within three days. The report says the law sets fines of 50,000 to 100,000 rubles per request for failures to meet that requirement. The council has asked the Central Bank to look into the surge. The regulator said it had received the inquiry and would review it under established procedures.
Why Request Volumes Matter
The issue is the combination of high request counts and a penalty assessed per request. If banks could not process the volume within the required deadline, the potential exposure could be substantial. Yemelin said fines might reach amounts that could affect the financial stability of some banks; this is a risk assessment from the council’s head, not confirmation that penalties have been issued or will be imposed.
The reported share of requests about noncustomers also matters to banks’ ability to handle the workload: institutions may need to check and process large batches of inquiries even when the named individuals have no apparent customer relationship with them. The episode raises questions about how automated government requests are delivered, acknowledged and repeated, as well as how banks are expected to respond when volumes increase sharply.
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How the Requests May Have Multiplied
The FSSP generates requests for debtor information automatically. Mikhail Bryukhanov, chairman of the board of directors at Pervouralskbank, suggested that a technical problem could explain the increase. He said the service had previously acknowledged resending requests when a bank failed to confirm receipt.
Bryukhanov said that if confirmations were lost, the automated system might have sent banks an entire backlog along with duplicate requests. This is an expert explanation, not an established finding: the report does not say the FSSP confirmed that lost acknowledgments or duplicated batches caused the September increase. The Central Bank’s review is the official response described so far.
“If those confirmations were lost, the automated system could have sent banks the entire backlog, along with duplicate requests.”
— Mikhail Bryukhanov, chairman of Pervouralskbank’s board of directors
Cause and Penalties Remain Unclear
The reported figures do not establish why the requests increased, whether they included duplicates, or how many banks were affected. A failure to confirm receipt and automated resending is one explanation raised by Bryukhanov, but it has not been confirmed by the FSSP in the material available.
It is also unclear whether banks missed any response deadlines, whether authorities have opened enforcement proceedings, or whether any fines have been assessed. The report gives the legal fine range but no total number of late or unanswered requests, so it does not provide a basis for calculating a likely aggregate penalty. The Central Bank has not yet given a conclusion on the council’s inquiry.
Central Bank Review Pending
The next stated step is the Central Bank’s review of the council’s inquiry. Its response so far confirms receipt only; no outcome or timetable was provided in the report. Further clarification from the regulator or the FSSP could help establish whether a technical fault, repeated requests or another cause led to the higher volumes.
Readers should also watch for information on whether banks met the three-day response requirement and whether fines were imposed. Until those details emerge, the potential financial consequences remain a concern raised by banking representatives rather than a confirmed penalty total.
Key Questions
What happened to Russian banks?
Banks received millions of FSSP information requests over three days in September, according to the National Financial Market Council. The council asked the Central Bank to review the increase.
How large was the reported increase?
Council head Andrey Yemelin said volumes were 10 to 12 times usual levels and up to 30 times usual at some banks. One regional bank reportedly received 12.8 million requests on September 19 alone.
Why are banks concerned about fines?
Banks must respond within three days, and the reported penalty for failing to respond is 50,000 to 100,000 rubles per request. No total fine or confirmed enforcement action was reported.
What may have caused the surge?
Pervouralskbank’s Mikhail Bryukhanov said lost receipt confirmations could have prompted the automated system to resend a backlog and duplicate requests. This remains a possible explanation, not a confirmed cause.
What has the Central Bank said?
The Central Bank said it had received the council’s inquiry and would review it under established procedures. It has not yet announced findings.
Source: rss
