National Financial Board holds meeting

The National Financial Board (NFB) considered the Monetary Policy Guidelines for 2024–2026 and reviewed the information from the Bank of Russia Board of Directors on the key issues of the regulator’s activities in 2023 Q3 and the annual report presented by the Bank of Russia’s Chief Auditor.

The participants in the meeting discussed the measures needed to support financing to rapidly growing technology companies and the issues related to the establishment and development of the programme of individuals’ long-term savings, and heard the report on the current status of the Bank of Russia’s project of the digital ruble platform and the plans for its advancement.

In the course of the meeting, the NFB considered the draft Russian Financial Market Development Programme for 2024–2026, incentive-based regulation in the banking sector, as well as the results of the functioning of the mechanism used by the Bank of Russia and credit institutions to assess the level of risk of suspicious transactions that might be conducted by credit institutions’ clients — legal entities and individual entrepreneurs.

The NFB approved total staff costs, expenses for pensions, life and health insurance of Bank of Russia employees, capital investments, and other general and administrative costs of the Bank of Russia, as well as Bank of Russia regulations on accounting in the Bank of Russia.

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12.12.2023 13.19.00