Speaking at a press conference following a meeting of the regulator’s board of directors, Nabiullina noted that the fight against credit fraud requires prompt, quick decisions. And for this it is proposed to introduce a cooling period.

“We are now discussing a cooling period of two days with the banks, we are ready to watch,” TASS quotes Nabiullina as saying.

She also noted that this form of cooling should be introduced for large loans. Nabiullina expressed hope that the corresponding bill will be submitted to the State Duma and adopted by the end of 2024.

Earlier it was reported that the Central Bank of Russia proposed introducing a cooling period when issuing loans in the amount of 1 million rubles or more.