Aggregated News From Investment Management Regulators

Sberbank payment system evaluation

Report/Flag

Please complete the required fields.



The Bank of Russia has evaluated the payment system of Sberbank (hereinafter, the Sberbank PS) for observance of the Principles for financial market infrastructures (hereinafter, PFMI). The evaluation confirmed its robust compliance with the PFMI.

This evidences that Sberbank PJSC has fully implemented and embedded in its documents the statutory aspects of payment system functioning, has in place a comprehensive risk management system and adjusts it to new operational factors, and ensures that Sberbank PS members have fair and open access to its settlement services.

The standard was developed for systemically important payment systems by the Committee on Payments and Market Infrastructures at the Bank for International Settlements jointly with the International Organization of Securities Commissions. The regulator evaluates PFMI observance by systemically important payment systems every three years.

This news item was originally published by the Central Bank of the Russian Federation (CBR RU). For more information, please see the Source Link.

Regulator Information

Abbreviation: CBR
Jurisdiction: Russian Federation

Recent Articles

Revision of Recommendation 25 – White Paper for Public Consultation

The Financial Action Task Force (FATF) is conducting a review of Recommendation 25 (R.25) on the transparency and beneficial ownership (BO) of legal arrangements....

ASIC warns super trustees to be transparent in their underperformance communications to members

ASIC today released the findings from its review of superannuation trustees’ communications with their members following the first annual performance test for MySuper products. The...

EBA replies to European  Commission’s call for advice on the Mortgage Credit Directive review

The European Banking Authority (EBA) published today an Opinion and Report in response to the European Commission’s Call for Advice (CfA) on the review of the Mortgage Credit Directive (MCD) .

Get the latest from Regulatory.News in your inbox!

×