The spectral and dynamic parameters of the sources of regional seismic events have been studied for the territory of the Northwestern Caucasus using stations from the network of the Geophysical Survey, Russian Academy of Sciences and Crimean network. This is the first study for the region using such a large dataset. Moment magnitudes-Local magnitude calibration have been established for earthquakes of small and medium magnitude in the study area and linear dependence Mw = ML + 0.16 is recommended for use. An interdependence between the values of energy classes and local magnitudes was also obtained, which can help to further improve the procedures for processing seismological monitoring data at Caucasian stations and the formation of regional catalogs.