Financial Sector Overview slide image

Financial Sector Overview

Bank of Russia FINANCIAL SECTOR OVERVIEW The Central Bank of the Russian Federation SECURITIES MARKET (8) Russian financial market has necessary infrastructure and regulation for trading OTC 42 42 Robust legal protection in place Enforceability of close-out netting in derivatives and repo markets is confirmed by relevant legal opinions (ISDA, ICMA) ✓ Russian standard documentation developed by SROs and approved by the Bank of Russia Russia adheres to G20 decisions in respect of OTC derivatives reforms ✓ Trade reporting to repositories (two authorized repositories available) ✓ National Clearing Centre provides clearing services for OTC trades Variety of instruments and service providers Non-financial counterparties have access to a broad range of hedging. instruments offered by banks (including structured products) ✓ National Settlement Depository provides collateral management services (repo)
View entire presentation