In a recent plenary session at the State Duma, Elvira Nabiullina, the head of the Bank of Russia, addressed key issues surrounding monetary policy and economic development.
House Financial Services Committee Republicans have released their final staff report on the workplace culture at the Federal Deposit Insurance Corporation (FDIC) under Chairman Martin Gruenberg.
From January 1, 2025, Russian depositories must verify the status or service provision rules of foreign institutions where they plan to account for foreign securities.
The Bank of Russia has streamlined the documentation requirements for credit institutions seeking regulatory consent to establish control over other banks.
The Bank of Russia has revoked the banking license of Corporate Finance Bank LLC, a Moscow-based financial institution ranked 230th by assets in the Russian banking system.
The Bank of Russia's Board of Directors has decided to remove the effective interest rate (EIR) limit on credit cards for credit institutions from January 1 to March 31, 2025.
Investors are showing increased interest in individual investment accounts (IIAs), with the number of such accounts rising by 32,000 in the third quarter of 2024.
From April 1, 2025, banks serving as agents for non-governmental pension funds and insurance companies will need to prepare new key information documents (KIDs) related to the long-term savings programme (LSP) and unit-linked life insurance (ULLI).
In the first half of 2024, there was a noticeable increase in interest regarding credit histories among individuals, alongside a rise in requests for credit reports from banks and microfinance organizations (MFOs).
Based on an investigation, the Bank of Russia has identified market manipulation in transactions involving ordinary shares of PJSC PIK-specialized homebuilder.