Assessment of Mastercard payment system

From 1 August through 14 December 2018, the Bank of Russia undertook, in accordance with Russian legislation, its regular assessment of Mastercard, a socially important payment system, for its compliance with the international standard ‘Principles for Financial Market Infrastructures’ (the Principles for FMIs). The Bank of Russia recommends that national important payment system operators be compliant with the standard developed by the Committee on Payments and Market Infrastructures of the Bank for International Settlements jointly with the International Organization of Securities Commissions.

The assessment confirms the Bank of Russia’s previous assessment findings that Mastercard is highly compliant with the Principles for FMIs. Rankings of seven principles were upgraded to the highest possible levels.

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