Russian Federation : IOSCO Objectives and Principles of Securities Regulation

Britton, Richard ; Pratt, Richard

International Monetary Fund, Washington, DC

关键词: REGULATION;    FINANCIAL INTERMEDIATION;    FINANCIAL MARKETS;    INVESTMENT FUND;    DERIVATIVES;   

RP-ID  :  121449

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

An assessment of the level ofimplementation of the International Organization ofSecurities (IOSCO) principles in the Russian Federation wasconducted from February 3 to 16, 2016 as part of thefinancial sector assessment program (FSAP) by Richard Prattand Richard Britton, both external Monetary and CapitalMarkets Department experts. Central Bank of the RussianFederation (CBR) has created a three-year strategy onfinancial market development and stability; one of its goalsfor the period of 2016-18 is creating conditions for thegrowth of the financial industry. The assessment wasconducted based on the IOSCO principles and objectives ofsecurities regulation approved in 2010 and its methodologyadopted in 2011 and updated in 2013. Principle 38 was notassessed since this principle is now covered under theprinciples for financial market infrastructures (PFMI). As aresult, issues related to the central counterparties are notcovered in this assessment.