nbs speech, 2024-03-28
Numerous regulatory activities led to: changing the bank resolution framework, which ensures the continuity of the bank's critical functions with full protection of depositors and the lowest cost for the government, which was demonstrated in practice in the case of Sberbank (based on the law that we passed in cooperation with the IMF in 2015); proper development (the Law on Digital Assets and the accompanying by-laws), with creation of an ecosystem for innovative solutions in the digital assets market and its the appearance of the first entities licensed by the NBS to operate with virtual currencies in the domestic market in accordance with international standards.
Sentiment: neutral
Topic: financial_stability