Our progress / Hot Topics

Financial markets megaregulator

Back to Media


12.02.2015 17:42 / MIFC

According to the Central Bank release, on 11 February, IOSCO Decision Making Group approved the Bank of Russia’s application to sign the IOSCO Multilateral Memorandum of Understanding (MMоU).

Following the official IOSCO MMoU signing procedure, the Bank of Russia will be assigned ‘A’ List status among IOSCO MMoU members, and can immediately proceed to exchange information as outlined in the document.

By ascending to the memorandum, the Bank of Russia increases its oversight performance, becomes a participant in the drafting of financial market regulation principles and standards, and improves its liaison with foreign financial market regulators.

IOSCO MMoU was drafted in 2002 to enable info exchange among IOSCO securities market regulators and curbing malpractice in the financial market.

IOSCO lists over 120 securities market regulators as its members. The organization develops industry standards and globally recognized approaches in financial market regulation.

Financial markets megaregulatorProject Group №1