Bank of Russia approves financial market development programme until 2026
Key objectives of the programme for the next three years are to develop long-term financing of the economy, primarily using internal resources, increase the role of the stock market, and strengthen investors’ confidence. To achieve these objectives, it is essential to ensure access to information and protection of investors’ rights.
The draft Russian Financial Market Development Programme for
The Bank of Russia will adjust the macroprudential regulation considering internal and external factors and develop the system of cross-border payments and settlements. The digitalisation trend in the financial market will require improvements to the legal regulation to ensure safe deployment of advanced payment technologies.
The updated document takes into account suggestions received from market participants, including financial institutions and their associations, as well as representatives of the real sector of the economy.
The draft Russian Financial Market Development Programme has been submitted to the Russian President and the Government of the Russian Federation. Besides, it will be discussed by parliamentarians at the State Duma.