Investor Contacts and Regular Meetings Schedule
Bank of Russia
The Central Bank of the Russian Federation
EVOLUTION (1)
BANK OF RUSSIA: OVERVIEW
4
Central Bank of Russia
(CBR): founded in 1990
1990 Law on banks and banking activities
- Law on Central bank of RSFSR
1992 Russia becomes an IMF member
1995 Law on Central bank of RSFSR: amendments
1996 CBR becomes a BIS member
2001 Law on AML/CFT
2002 Law on the Central Bank of the Russian
Federation
2003 Russia becomes a FATF member
- Start of the IFRS reporting project
- Law on deposit insurance
2005 Introduction of corridor for USD&EUR basket
within the exchange rate policy framework
2009 CBR becomes a BCBS member
- CBR becomes a CPMI member
2010 Introduction of floating exchange rate
corridor
2011 Law on National Payment System
2013 CBR becomes an IAIS member as well as IOSCO member
2014 - Inflation targeting regime with 4% medium-term target rate
- Introduction of a floating exchange rate regime
- Approval of a new corporate governance code
- National Card Payment System Joint-Stock Company
(AO NSPK) established
2015
-
Signing of the IOSCO Multilateral Memorandum of
Understanding
- National payment system "Mir" established and "Mir"
card issue started
2016 - Banking regulation in Russia assessed as compliant with
Basel II, Basel 2.5 and Basel III (RCAP)
2017 Introduction of proportional regulation in banking sector
2018 - Bank of Russia joins MMOU IAIS
1990
1995
2000
2005
2010
2015
Focus on Russian financial
market development
1992 MICEX established
- Law on insurance business
1995 RTS exchange established
1996 Law on securities market
1996-Law on joint-stock companies
1999 Law on protection of rights of
securities market investors
Federal Financial Markets
Service (FFMS):
2002 - First edition of the Russian corporate conduct code
2003 - Law on mortgage-backed securities
2011 - Law on insider trading
- MICEX and RTS merge into the Moscow Exchange
-FISS joins FFMS and the latter becomes insurance market
regulator
2012 National Settlement Depository obtains status of the Central
Securities Depository (CSD) of Russia
2013 National Clearing Center obtains status of the first qualified
Central Counterparty (CCP) in Russia
2013
CBR becomes the
megaregulator of
the Russian
financial sector
founded in 1993
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