Bank of Russia releases the 3rd Financial Market Regulation Review

Various aspects of algorithmic trade in the financial market are in the spotlight of the third release of the Financial Market Regulation Review published on the Bank of Russia website. To explore the subject, authors touch upon the classification by investor type and by strategy employed, and methods to connect to exchange trading. Other issues include patterns used in the international practice to regulate algorithmic trading and, specifically, high-frequency trading.

The review informs about various materials prepared by the European Systemic Risk Board, the IMF, the Financial Stability Board and the Bank for International Settlements on macroprudential policy both within and outside the banking sector. The section Relevant Trends highlights the FSB report on the current status of financial regulatory reforms. The report was delivered at the G20 summit meeting.

Additionally, the release contains information about two IOSCO reports. The first of them includes the monitoring findings of the implementation progress of the Principles for Financial Market Infrastructures (one of the key documents elaborated by the Committee on Payments and Market Infrastructures at the Bank for International Settlements) by different states. The second report provides recommendations to enhance the resilience of central counterparties.

Further releases of the review will be published every other month.

Please send your comments and suggestions, including those relating to specific topics, to svc_regulationnews@cbr.ru.