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
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•
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
.
•
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.
.
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
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.
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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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