Tag: Central Bank of Russia

Sberbank Russia
March 02, 2022 BY Steffy Bogdanova

Sberbank exits Europe, Moscow Exchange closed for a third day

The European Central Bank (ECB) had already ordered Sberbank's European unit to close. Sberbank has branches in many European counties including Austria, Croatia, Germany and Hungary. The bank’s Switzerland arm is not affected by the exit. Moscow Exchange The Moscow Exchange will not resume operations on Wednesday. The Russian markets operate pushed back the opening…

Read more
February 28, 2022 BY Steffy Bogdanova

Russia's central bank more than doubled its interest rate to 20%

Forex Market The Russian finance ministry and Russia’s central bank have ordered domestic exporting companies to sell 80% of their forex reserves in order to help the rouble which plunged 30% against the dollar earlier today. The western governments imposed increasingly stricter sanctions on Russia following President Putin’s decision to invade Ukraine. As part of…

Read more
November 25, 2016 BY Valentina Kirilova

Moscow Exchange updates Index Calculation Methodology

The Central Bank of Russia (CBR) has registered an updated version of the Methodology of the Moscow Exchange Indices Calculation adopted by the Executive Board of Moscow Exchange on October 7, 2016. This methodology has been adopted in respect of the planned corporate restructuring whereby CJSC MICEX Stock Exchange will be consolidated into Moscow Exchange.…

Read more
July 14, 2016 BY Valentina Kirilova

Central Bank of Russia has officially acknowledged quality of MOEx USD/RUB FX Fixing

The Central Bank of Russia (CBR) has officially recognised Moscow Exchange's USD/RUB FX Fixing and Moscow Exchange's operational performance as fixing administrator as being of satisfactory quality. The CBR also the fixing`s compliance with the Bank`s requirements, which are based on the International Organization of Securities Commissions (IOSCO) principles for financial benchmarks. In March 2016,…

Read more
March 28, 2016 BY Maria Nikolova

Bank of Russia suspends 12-month FX repo auctions

Bank of Russia, the “Megaregulator” of Russia's financial markets, today announced its decision to to suspend 12-month FX repo auctions. The decision is effective April 1, 2016. The watchdog explained that the move reflects weak demand for these facilities from Russian credit institutions and the shift of this demand to 28-day FX repos. The Bank…

Read more
February 29, 2016 BY Maria Nikolova

Bank of Russia softens stance on crypto currency tech

It is a rare occurrence that the Bank of Russia publishes a press release on Sunday. But yesterday it did and the press release concerned financial market innovation and blockchain, in particular. The “Megaregulator” press release was published just a couple of days after it became clear that a bill penalizing Bitcoin use is drafted by…

Read more