Saturday, November 23, 2024
Elvira Nabiullina Governor of the Central Bank of Russia | Official Website

National Financial Board discusses monetary policy and appoints new auditor

At its meeting on 23 September 2024, the National Financial Board (NFB) reviewed drafts of the Monetary Policy Guidelines and the Russian Financial Market Development Programme for 2025–2027.

Participants discussed the state of mortgage and unsecured consumer lending, as well as measures to limit household debt burden.

The NFB approved regulations related to accounting at the Bank of Russia. It also reviewed information from the Board of Directors concerning main issues about the Bank of Russia’s activities in Q2 2024. Additionally, it considered responses to questions posed by the NFB to the auditor regarding the audit of the Bank of Russia’s annual financial statements for 2023.

Based on results from a tender to choose auditors for the Bank of Russia’s annual financial statements for 2024, TSATR — Audit Services Limited Liability Company was recognized as the winner, with FBK, LLC as runner-up.

The NFB acknowledged that both companies met requirements for independence necessary to conduct a mandatory audit of these financial statements. Consequently, TSATR — Audit Services Limited Liability Company was appointed as auditor for 2024.

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