It was just officially announced that on June 25, 2016, Mr. Liu Shiyu, Chairman of China Securities Regulatory Commission (CSRC) and Mr. Sergey Shvetsov, First Deputy Governor of the Bank of Russia signed a Memorandum of Understanding (MOU) regarding cooperation on financial and capital markets in Beijing. This MOU substitutes the MOU between China Securities…
Read moreMoscow Exchange announces the next release of the MOEX FX market trading and clearing system is scheduled to go live on 30 May 2016. Besides the implementation of market projects the new version of the system has undergone significant architectural changes. These changes improve the system performance and represent the significant step in the development…
Read moreRussia's president Vladimir Putin earlier this week signed “Federal Law On Amendments to the Russian Federation Code of Administrative Offences”, with the document introducing tougher penalties for those who support the activity of financial pyramids. The Law envisages administrative fines for individuals and businesses that organize financial pyramids and attract investors. There are fines also…
Read moreRussia's National Settlement Depository (NSD), part of the Moscow Exchange group of companies, has launched a new service enabling the processing of client cross-currency settlements – payment versus payment (PVP-1). PVP is a cash settlement principle expanding the reliability of settlements and assuming that a participant’s cash transfer in one currency occurs if another participant’s…
Read moreThe Russian ruble weakened to an all-time low in the high 79-80 range to the dollar Wednesday, with some anticipating an even further decline amid cheap crude oil prices and Western sanctions over Ukraine. The ruble has lost over half its value against the greenback in the last two years, dropping past the previous low from December 2014. Russia…
Read moreRussia’s Commission for the regulation of relations in the financial market (KROUFR) has updated its “Black List” of investment firms that customers should be wary of. The latest addition to the “Black List” is Rinkost Markets, a Forex and binary options broker, targeting mainly Russian clientele via https://www.rinkost.ru. KROUFR is including the company in the…
Read moreWhile Russian Forex market participants are pushing for extension of the licensing grace period, various providers have already started making their offers for services that the Forex brokers (or Forex dealers, as per their official designation in Russia) will need in order to meet the new regulatory requirements. Given the Russian affinity for bureaucracy, it…
Read moreRussia's National Settlement Depository (NSD), part of the Moscow Exchange Group, today reported some key operating metrics for its performance in the third quarter of 2015. The NSD noted the rise in the value of assets under its custody, as well as the increase in the number and value of reported transactions. The latter is…
Read moreProposed amendment to Russia's Criminal Code envisage tougher penalties, including corrective labor of up to 2 years for those who promote and sell crypto currencies.
Read moreSuch a ban would lead to a rise in criminal activities and all sorts of illicit currency operations, says the Bank of Russia in a special comment regarding a proposal by one of Russia's parliamentarians.
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