Financial Sector Overview slide image

Financial Sector Overview

Bank of Russia BANK OF RUSSIA: OVERVIEW The Central Bank of the Russian Federation 10 FINANCIAL MARKET DEVELOPMENT STRATEGY Guidelines for the Development of the Russian Financial Market in 2019 - 2021 The Bank of Russia Guidelines for the Development of the Russian Financial Market in 2019-2021 cover the following key areas and activities: Building reliable financial environment Involvement of financial consumer ombudsmen in • • disputes resolution • Increase of personal responsibility of management . • Limited employment sector for malicious (unscrupulous) people • opportunities in financial investor institute Development of qualified Increase of responsibility for substandard sale of financial Unified financial transactions register products . • • • . . Improving financial inclusion and availability of capital Introduction of individual pension capital accounts Introduction of "green" bonds Crowdfunding Introduction of new rules for crediting private-public partnerships Development of concession projects Marketplace project launch Introduction of financial services access points map Development of remote identification and unified biometric system Development of electronic insurance services distribution channels Improving insurance services inclusion in Russian regions ALD • . • • Developing market competitiveness Implementation of integrated road map for developing competition in various sectors of Russian economy approved by the Government Building biometric database Credit history bureau reform Marketplace project launch Faster payment system in force Testing of digital identification platform "Regulatory sandbox" project development Bank of Russia's withdrawal from the capital of banks undergoing resolution after their financial rehabilitation Ensuring financial stability • Control for the population indebtedness and prevention excessive risk accumulation in the segment Risk-based approach to insurance market participants Widening the list of financial non-credit institutions subject to stress testing Improving the toolkit for macroprudential stress testing •
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