Guidelines for the Development of the Russian Financial Market
Bank of Russia FINANCIAL SECTOR OVERVIEW
The Central Bank of the Russian Federation
COUNTERING MALPRACTICE
Bank of Russia supervises conduct of financial market participants to promote fair competition
• Bank of Russia has implemented an
effective system for
countering malpractice including
market manipulation and insider
trading, aimed at ensuring investors'
equality and fair pricing.
Insider trading
and market
International
cooperation
manipulation
•In 2015 Bank of Russia became a
signatory to the IOSCO MMOU
•Intense cooperation with foreign
financial market regulators in terms
of information exchange, including
confidential information
•Elaboration on international
initiatives
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• Bank of Russia successfully
eliminates competitive advantages
of unlicensed firms by decreasing
their number. Since 2015 detriment
caused by financial pyramids
decreased by more than 5x times
Unlicensed
firms and
Pyramid
Scheme
Enhanced
consolidated
market
analysis
•Bank of Russia improves continuous
monitoring of on-exchange trading
for the purpose of maintaining
financial stability and preventing
system shocks caused by misconductView entire presentation