National Financial Board holds meeting

The National Financial Board (NFB) held a meeting on 27 March 2023 where it approved the National Payment System Development Strategy for 2023–2024 and assessed the independence of audit companies that had carried out the mandatory audit of the Bank of Russia’s annual financial statements and the quality of the audit.

The NFB considered the information from the Bank of Russia Board of Directors on the key issues of the regulator’s activity in 2022 Q4.

The participants in the meeting discussed the current state and development prospects of the Russian market of auditing services provided in the financial market in the conditions of the sanctions. The NFB considered the aspects of the introduction of incentive-based regulation for technological sovereignty projects, the structural adaptation of the economy, and banks’ investment in VEB.RF’s equity.

The NFB approved its Action Plan for 2023.

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29.03.2023 16.31.00