Guidelines for the Development of the Russian Financial Market slide image

Guidelines for the Development of the Russian Financial Market

Bank of Russia BANK OF RUSSIA: OVERVIEW The Central Bank of the Russian Federation COMPLIANCE WITH INTERNATIONAL STANDARDS Russia complies with or implements key international standards and best practices Banking regulation is compliant with Basel II, 2.5 and Basel III (RCAP 2016) FATF FUND MONEY MONE TARY Russia's Anti-Money Laundering system is compliant with FATF Recommendations High FSAP grades in all surveyed segments, including securities market, insurance and payment infrastructure THE WORLD BANK IBRD-IDA Russia ranks #35 in DOING BUSINESS-2018 ratings BANK FOR INTERNATIONAL SETTLEMENTS ATZ OICU-IOSCO Bank for International Settlements, IAIS and IOSCO Principles for financial market infrastructures (PFMI) are being implemented Upon monitoring the implementation of the PFMI, the CPMI gave Russia the highest-possible '4' rating National Settlement Depository is eligible for custody arrangements under Rule 17f-7 of the US Investment Company Act of 1940 LINOW TARY FUND Russia is a party to the Articles of Agreement of the IMF and upholds free movement of capital Insurance sector has started implementing Solvency II European principles 8
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