Russian Federation: Report on the Observance of Standards and Codes-IOSCO Objectives and Principles of Securities Regulation

July 13, 2016

Preview Citation

Format: Chicago

Russian Federation: Report on the Observance of Standards and Codes-IOSCO Objectives and Principles of Securities Regulation, (USA: International Monetary Fund, 2016) accessed September 20, 2024

Summary

This paper presents an assessment of the level of implementation of the IOSCO (International Organization of Securities Commissions) objectives and principles in the Russian Federation. Some of the most recent regulatory changes in the Russian Federation are clearly based on international standards. In other areas, further initiatives will be required. These include conflicts of interest identification and improving standards of management in professional market participants. It will also require the creation of legal gateways which will enable supervisors with the necessary skills sets to provide guidance as to what the Central Bank of the Russian Federation’s (CBR) reasonable expectations are on a range of issues. CBR also faces a major challenge in enforcing the regulatory regime and will need additional resources.

Subject: Correspondent banking, Financial institutions, Financial markets, Financial regulation and supervision, Financial services, Legal support in revenue administration, Revenue administration, Securities, Securities markets, Securities regulation

Keywords: Beneficial owner, CBR discretion, CBR inspector, CBR Law, CBR member, CBR power, CBR staff, Central bank, Correspondent banking, CR, Financial market, General obligation, Global, ISCR, Joint stock, Legal support in revenue administration, Risk management, Securities, Securities markets, Securities regulation, Supervision CBR

Publication Details

Pages:

60
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/233
Stock No:

1RUSEA2016005
ISBN:

9781475530377
ISSN:

1934-7685

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