OREANDA-NEWS. August 01, 2008. The Russian Government has increased the standard volume of bank assets for transactions requiring the Federal Antimonopoly Service's (FAS) authorization, the government's press-service reported.

The standard volume of bank assets for transactions to acquire stakes in a credit organization requiring FAS's authorization has been increased from RUB 3 bn to RUB 4 bn, and for M&A transactions from RUB 10 bn to RUB 14 bn.

The deputy head of FAS's financial markets control department, Olga Sergeyeva, said earlier that the antimonopoly body planned to introduce the propositions on raising the minimum volume of assets for transactions that require FAS's authorization annually due to growth in the total volume of banking system assets.