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REPORT IN RUSSIAN LANGUAGE. PDF FRIENDLY.

Digital Report - immediate delivery to your email.

Date of Publishing: November 2025.
No. of Pages: 64.

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Contents:

1. Trends in the Development and Regulation of Artificial Intelligence in the Global Financial Market.

1.1. Technological Trends in Artificial Intelligence Development.

1.2. Trends and Applications of Artificial Intelligence in the Financial Market.

1.3. Risks of Artificial Intelligence in the Financial Market: A New Look.

1.4. Development of Artificial Intelligence Regulation in the Financial Market.

2. Application of Artificial Intelligence in the Russian Financial Market.

2.1. Application of Artificial Intelligence in Financial Products and Services.

2.2. Artificial Intelligence Risk Management Practices in the Financial Market.

3. Directions for the development of artificial intelligence in the Russian financial market.

3.1. Current conditions for the development of artificial intelligence.

3.2. Building trust in artificial intelligence in the financial market.

3.3. Increasing data accessibility for artificial intelligence developers in the financial market.

Appendix 1. Description of the financial institution sample for the survey.

Appendix 2. Overview of international approaches to regulating artificial intelligence.

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Digital Report - immediate delivery to your email.

Date of Publishing: 2025.
No. of Pages: 11.

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Contents:
1. Introduction.   

2. Fundamentals.
A. Is there a definition of green loans? 
B. What are the advantages of entering a green loan?
C. Who can borrow a green loan?
D. What is the difference between green/social loans and sustainability-linked loans?
E. What is the difference between green loans and blue loans? 
F. Can a loan follow a combination of the GLP, the SLP and/or the SLLP?
G. How do the GLP incorporate ESG considerations? 
H. How do the GLP fit with their bond counterparts? 
I. Can a green loan be entered into by a borrower at the start of their transition journey i.e., borrowers not yet able to claim alignment with the Paris Agreement, but taking ambitious steps in that direction?
J. Can ‘pure play’ companies enter into green loans? Are all loans entered into by pure play companies automatically green loans?                                           

3. Green Loan Principles.
A. Green loan definition.
I. Can a revolving credit facility (RCF) be a green loan?
II. Can a revolving loan be recognized as green if the borrower does not have a designated eligible Green Project at the time of entering into the loan?
III. Refinancing of Projects.
a) How can borrowers be transparent about the age of refinanced assets?
b) Can eligible assets be refinanced with the proceeds of a green loan before the original borrowing has matured?
c) Can long-dated green assets be (re)financed by (multiple) consecutive green loans?
d) Can existing assets that are pledged as collateral against another borrowing be refinanced through a green loan?
B. Core components.
I. Use of proceeds.
a) If a tranche of a loan is green, is the whole loan deemed green?
b) Is disclosure of use of proceeds mandatory? 
c) Are intangible assets or expenditures (such as training, monitoring, research & development and finance cost) also eligible for green loan financing?

d) When a loan finances projects that have both social and environmental benefits, such as sustainable social housing, sustainable public transport and access to clean water, can the borrower freely choose the designation of the loan as either a green or social loan?

e) Can a borrower enter into ‘theme’ loans focusing only on one category out of a more general green, social and SLL framework?

f) Do all green loans have to be climate-related?

g) Is there an eligible Green Project category in the GLP, which would consider carbon offsetting?

II. Process for project evaluation and selection.

a) What standards might be referred to in determining whether a loan is green?

b) The GLP states that a borrower shall clearly communicate “the processes by which the borrower identifies and manages perceived, actual or potential environmental and social risks associated with the relevant project(s)”. What is expected of borrowers in this regard c) Can a green loan be made to a borrower that has low ESG ratings, exposure to controversial sustainability issues or sectors/technologies (such as fossil fuels or nuclear energy)?

III. Management of Proceeds.

a) How should you deal with surplus money arising when green loan proceeds exceed green projects?

IV. Reporting.

a) How are metrics chosen to report on the environmental impact or efficiency of projects? b) How often and for how long should a borrower be expected to report on green loans

c) Is there a standard methodology for reporting on the impact of the loan proceeds?

d) How should a borrower report impact for projects where the borrower has provided only partial financing?

e) Should a borrower report on actual and/or estimated impact?

C. Review.

I. What is an external review and why is it required?

II. Does a new external review need to be issued on a refinancing?                   

III. Do self-certified loans need to be externally reviewed before they are compared/ranked against other loans (e.g. league tables)?

D. Documentation.

I. What green clauses should be included in loan documents?________________________________________________________________________________________________