Aggregated News From Investment Management Regulators

Bank of Russia organisational structure to be changed from 12 October 2020

Report/Flag

Please complete the required fields.



Olga Skorobogatova, First Deputy Governor of the Bank of Russia, will supervise the development of activities in the areas of RegTech and SupTech as well as the operation of the Market Services Department in addition to supervision over the Financial Technology Department, National Payment System Department, Information Technology Department, and Project and Processes Department.

The Cash Circulation Department and the activities of the Russian Union of Cash Collection Divisions (ROSINKAS) will be supervised by Mikhail Alekseev, new Deputy Governor of the Bank of Russia.

“Digitalisation of the financial industry is a special focus of the Bank of Russia’s attention, therefore, all functions associated with the development of FinTech and improvement of the efficiency of business processes in the Bank of Russia are delegated to a single supervisor. Cash circulation management remains the key function of the Bank of Russia. Our objective is to ensure the convenient use of cash by individuals and businesses, and to cut the costs of cash circulation. This area of activity will be supervised by a new Deputy Governor”, informed Elvira Nabiullina, Governor of the Bank of Russia.

Changes will come into force on 12 October.

Source Link

Regulator Information

Abbreviation: CBR
Jurisdiction: Russian Federation

Recent Articles

SEC Charges 27 Financial Firms for Form CRS Filing and Delivery Failures

The Securities and Exchange Commission today announced that 21 investment advisers and 6 broker-dealers have agreed to settle charges that they failed to timely file and deliver their client or custo

SEC Issues Substituted Compliance Determination for France

The Securities and Exchange Commission today announced the approval of a substituted compliance determination order with respect to security-based swap dealers and major security-based swap participa

BankDeFx LTD

Attention! The FMA warns investors against concluding transactions with: BankDeFx LTD https://bankdefx.com/ [email protected] [email protected] [email protected] [email protected] This provider is not authorised to carry out banking transactions in Austria that require a...

New appointments to the Executive Team

Published on: 23 July 2021 The Authority is pleased to announce 2 new appointments to the Executive Team.

Appointment of two new Board Members

The FSA is pleased to announce the appointment of two new members to the Board – Lucy McClements and Jo Hill. Lucy and Jo’s bios can be found at: https://www.iomfsa.

Get the latest from Regulatory.News in your inbox!

×