At its meeting on 27 June 2024, the National Financial Board (NFB) considered the Bank of Russia Annual Report for 2023, information from the Bank of Russia Board of Directors on key issues of the regulator’s activities in Q1 2024, as well as the report of Limited Liability Company Fund of Banking Sector Consolidation Asset Management Company for 2023.
The participants discussed the progress of the Bank of Russia’s project on the digital ruble platform, results from implementing the Federal Law ‘On Digital Financial Assets, Digital Currency, and on Amending Certain Laws of the Russian Federation,’ and future areas of regulation.
During the NFB meeting, a report was presented on measures aimed at expanding opportunities for fast-growing high-tech companies to offer their securities in the on-exchange market and investment platforms.
The NFB approved the Bank of Russia’s 2023 report covering total staff costs, expenses for pensions, life and health insurance for employees, capital investments, and other general and administrative costs. Additionally, they endorsed Bank of Russia regulations on accounting within the institution.
A decision was made by the NFB to hold a tender to choose auditors for the Bank of Russia’s annual financial statements for 2024.
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