Work on implementing the newborn Russian Forex law continues at the Bank of Russia, the Megaregulator that will be responsible for the oversight of this market segment too. Earlier today, a working session was held at the Bank of Russia, with the special participation of Larisa Selyutina, head of the Securities Market and Commodity Market Department.…
Read moreBank of Russia, the country's financial megaregulator, has just announced the key interest rate will be reduced to 14% from March 16, 2015. The move represents a cut from the level of 15%, which was introduced on February 2, 2015. That, in itself, represented a cut from the level of 17%, introduced on December 16,…
Read moreThe ruble jumped against the dollar after Russia sharply hiked its benchmark interest rate to halt a collapse in its currency. The Russian central bank raised its key interest rate to 17 percent from 10.5 percent, in a move it said was aimed at curbing increased devaluation and inflationary risks.
Read moreAmid ongoing and extremely bureaucratic efforts by the Russian state Duma to invoke a regulatory structure for non-bank Forex businesses, the Russian central bank issues a warning that it does not oversee any FX activity in Russia
Read moreFor retail FX firms which have balked at the high capital adequacy requirements in so many jurisdictions, Russia's new FX regulation could well be the antidote, with just $76,000 required for securities dealers
Read moreThe latest sale is part of the Central Bank of Russia's plan to totally exit its ownership stake in Moscow Exchange by 2016.
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