Russian Financial Sector Update
Bank of Russia
FINANCIAL SECTOR OVERVIEW
The Central Bank of the Russian Federation
PAYMENT INFRASTRUCTURE (2)
Advancing supervision and oversight to ensure stable development of the payment infrastructure
Figures for early 2018:
49
49
✓ Supervision
of
the
payment
infrastructure: monitoring organisations'
compliance with the Russian law. Applies
both to banking and non-banking.
providing
institutions
payment
infrastructure and payment services
✓ Oversight of the payment infrastructure:
32 payment systems and 550 institutions supervised
within the National Payment System (NPS)
NPS supervision is risk-oriented. Proportionate remote
supervision approach is being introduced to the NPS
improving
institutions'
following the Bank
of
recommendations
based
operations
Russia
upon
Objects supervised for compliance with CPMI/IOSCO
Principles for Financial Market Infrastructure (PFMI): 2
systemically important payment systems, 4 socially
important payment systems
international best practices
✓ Bank of Russia international cooperation
in supervision and oversight of the
payment infrastructure
High PFMI compliance ratings. NPS operators
implement approved action plans based on the Bank of
Russia recommendationsView entire presentation