05.07.2022 18:55 / TASS
The State Duma adopted a law on tax support measures for citizens and businesses The State Duma adopted in the third, final reading a law on a set of measures for tax support of citizens and businesses in the face of sanctions pressure. The document was initiated by the government of the Russian Federation.
05.07.2022 18:51 / TASS
The State Duma adopted a law on the merger of the PFR and the FSS The State Duma at a plenary session on Tuesday adopted in the third reading a bill on the creation of a unified Pension and Social Insurance Fund (Social Fund of Russia), as well as a package of related initiatives, including amendments to the Tax and Budget Codes of the Russian Federation.
05.07.2022 18:41 / TASS
Duma passes IPO/SPO bill in second reading The State Duma adopted in the second reading a bill aimed at developing the institution of public placement of securities on the Russian financial market. The document, which amends the law "On combating the misuse of insider information and market manipulation," was initiated by a group of deputies and senators headed by Anatoly Aksakov, chairman of the State Duma committee on the financial market.
17.05.2022 16:18 / TASS
Central Bank to launch cybersecurity education course The Bank of Russia will launch an educational course on cybersecurity in the 2023-2024 academic year at the Higher School of Economics (NRU HSE), announced Head of the Central Bank of the Russian Federation Elvira Nabiullina, speaking at Junior Pay Tech Forum 2022.
19.04.2022 16:49 / The Bank of Russia
Russian issuers to close foreign depositary receipt programmes A ban on issuing and trading in foreign depositary receipts for Russian issuers’ shares will come into effect on 27 April 2022.
15.04.2022 16:36 / TASS
The Central Bank of Russia rolls out new support measures for the financial sector The Central Bank has prepared a new series of measures to support the Russian financial sector, the regulator said in a release. The CB allowed banks until the end of the year to postpone the formation of reserves for possible losses in respect of assets that have been blocked abroad.
CBR Unveils Policy Guidelines for Development
06.06.2018 17:31 / The Bank of Russia
The CBR Policy Guidelines span multiple sectors and takes into account Russia’s unique market conditions as well as international good practices. For the first time, a focus on financial inclusion has been fully integrated into CBR’s policy guidelines with a significant focus dedicated to consumer protection, financial literacy, promotion and proportionate regulation of new technologies, appropriate regulation of the non-bank sector. The Action Plan also identifies other key financial inclusion trends in which should be carefully monitored. These include, Information Disclosure, Harmonization of National Standards, Risk Management, Automation of Services, Reaching Rural/Remote Populations, and Digital Authentication and Identification.
Because financial education and consumer protection have been recognized by CBR as vital elements in the development of Russia’s financial market, CBR announced during the conference that it would join and benefit from peer learning within AFI’s CEMC WG. CBR currently chairs AFI’s DFS WG as well as the Global Standards Proportionality WG’s Sub-Group on Shadow Banking.