Bank of Russia Payment System fully complies with risk management recommendations
The regulator has completed the scheduled assessment of the Bank of Russia Payment System (Bank of Russia PS) for its compliance with the recommendations for risk management in payment systems.
According to the findings, the operation of the Bank of Russia PS (including the Faster Payments System) is totally in line with the legal fundamentals. The regulator has implemented a reliable comprehensive risk management system and meets the needs of participants in the Bank of Russia PS and clients of the Bank of Russia that are not participants in the Bank of Russia PS.
The regulator carries out the assessment of important payment systems for their compliance with the recommendations every three years.
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