will take place in a month. i think we should return to the questions that mr. aksakov raised. and when taking the reporting into account, i agree, we should take another look. we are constantly reviewing these reports. we must, of course, take advantage of the fact that everything is being digitalised in russia and look for ways we can move to a qualitatively new level here. you mentioned outdated regulations. yes, there are outdated regulations. but please let me remind you that we have a permanent working group that is working on these issues. it is something like the government ’ s ‘ regulatory guillotine ’. we have already revoked some of the norms, and we are prepared to go further with greater intensity. we are waiting for your proposals. perhaps the association should intensify its work in this regard. we are ready. outdated norms are of no use to anyone. let ’ s look at remote services. you mentioned this and many banks have raised the issue. we understand that being able to open an account and use other services remotely is an important area. in this regard, the development of the unified biometric system is one of our key projects. we recently had a meeting with banks. and our approach, the central bank ’ s approach is that this system should be developed independently, equidistantly from all players. opportunities should be given to various players to participate in it and use it. as for banks with a basic license, mr. aksakov also spoke about this. banks with a basic license will be the focus of our attention because there are questions banks with a basic license need to answer. in my opinion, the decision to create them was made in a timely fashion. it allowed banks to gradually ( those without a business model yet ) exit the market in a civilized manner. however, some did find their business model. indeed, we believe that over half of banks with a basic license have viable business strategies. but nevertheless, we are ready to look further and enter into a dialogue with you. we are also going to discuss the topic of ecosystems in detail at the international financial congress. so far, we have published one report that deals with general approaches to ecosystems, but we are now preparing a second one, which will deal specifically with proposals for changing banking regulation and will refer to those banks that are developing ecosystems. because in our opinion this requires that we take into account all the nuances associated with the risks linked with

uncontrolled lending to individuals, and i emphasise here specifically to individuals, at floating rates. if you look at the history of the issue, in recent years banks have been actively increasing their long - term assets. this is probably a good thing, that is to say, the economy gained long - term resources, which includes growth in the amount of mortgage lending. however, equities were increasingly formed at the expense of short - term funds, including current accounts. to a certain extent, this led to an increase in interest rate risk for banks. we understand that banks want to share this risk with borrowers, and we can see that banks are actively increasing the share of loans at floating rates to enterprises and corporations in their loan portfolio. it now stands at 38 % of the loan portfolio. increased investments in floating rate bonds, which is 32 % of the banking sector ’ s bond portfolio. this is a rather normal practice in corporate lending, where borrowers have the necessary competencies to make a decision. such borrowers find loans at floating rates all the more interesting because the rate is usually lower when the loan is issued. but in terms of retail lending, the situation is different : borrowers may be seduced by a lower rate and cannot always reasonably assess the risks that an increase in rates may entail. there is a possible subsequent increase in payments and increased debt burden, which is doubly dangerous during periods of instability, when a person may lose their income. in effect, this could become a second foreign exchange mortgage : when people have lost the ability to service their debt, and eventually the borrowers ’ risks become the banks ’ risks. for you, interest rate risk will simply turn into credit risk. therefore, we are now discussing with legislators, the ministry of finance, and the banking community what the parameters for regulating floating rates should be. we hope to find an option where everyone can use this tool with some degree of safety. the next two topics are related to systemically important banks. they are not new topics : they were postponed due to the pandemic and now we are returning to them. i ’ m talking about systemically important banks transitioning to an advanced approach and regulation of concentration risk. first, i ’ ll touch on the transition to an advanced approach. this approach 3 / 5 bis central bankers'speeches is voluntary, two banks have transitioned to it, and one more bank is on its way. we believe that over time, this