Category: Центральный банк России

Translation. Region: Russian Federal

Source: Central Bank of Russia –

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Volunteers will teach people how to navigate the information space in order to distinguish fraudsters' tricks from current offers in the financial sector. They will also help financial institutions better understand the problems of clients with different types of disabilities and identify unfair practices in the market. Such priorities were identified by participants of the XI All-Russian Congress of Financial Education Volunteers.

The Congress traditionally brings together volunteers from all over the country and serves as a platform for exchanging experiences, developing and scaling initiatives, identifying modern trends and promising areas for promoting financial literacy.

Most of the initiatives presented at the congress are designed for adults. The emphasis is on a targeted approach, the ability to adapt an idea to the needs of the target audience. For example, volunteers conduct classes on family budget management with newlyweds, where they teach how to find a compromise in delicate financial matters. Financial activists also help organize training and employment for young people with disabilities, tell military personnel how to resist fraudsters, and explain the peculiarities of Russian financial legislation to residents of new regions.

"Teaching adults is not easy: everyone has their own life experience, education, priorities. Not everyone is ready to learn just because someone said it is important and necessary. But people are happy to learn when they are given knowledge at the right time and in a convenient form. Therefore, flexibility and a variety of formats are very important, and this is exactly what we are learning from you, from financial education volunteers," said Elvira Nabiullina, Chairman of the Bank of Russia.

Today, the register of financial education volunteers already includes 19 thousand activists: students, professional financiers, employees of educational institutions, public organizations, and commercial companies.

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

For example, customers should be informed when they are interacting with AI and provided with the opportunity to opt out of such interactions.

The Bank of Russia also suggests that organizations regularly check the quality of AI, pay attention to maintaining the confidentiality of personal data, and organize AI risk management.

“We have studied global trends in AI regulation, discussed with market participants and came to the conclusion that for the Russian financial market at this stage, soft regulation of the use of such technology will be relevant. We hope that the guidelines laid down in the Code of Ethics will be able to make financial services, in which artificial intelligence is integrated, even more high-quality, safe and convenient,” said Stanislav Korop, Head of the Department of Financial Technologies.

In addition, according to the Bank of Russia, the exchange of experience and best practices in compliance with ethical recommendations can play a special role in the trusted and responsible use of AI in the financial market. The regulator is ready to facilitate this.

Preview photo: Anggalih Prasetya / Shutterstock / Fotodom

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

From September 1, 2025, banks and microfinance organizations will not be able to charge penalties, fines and fines on the debts of a deceased borrower while his relatives are processing the inheritance. law adopted by the State Duma.

The ban will be in effect for 6 months, unless another period for entering into inheritance rights is established by law or a court decision. This rule applies to both consumer credit or loan agreements of the deceased, and mortgage loans.

Preview photo: Songsak C / Shutterstock / Fotodom

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

At its meeting on June 27, 2025, the National Financial Council (NFC) reviewed the Annual Report of the Bank of Russia for 2024, information from the Board of Directors of the Bank of Russia on the main issues of the Bank of Russia's activities for the first quarter of 2025, as well as the report of the limited liability company "Management Company of the Banking Sector Consolidation Fund" for 2024.

The meeting participants discussed the key stages of development of the Bank of Russia digital ruble platform project. During the NFS meeting, reports were heard on the development of the capital market, the digital financial assets market and its prospects. The risks of concentration of systemically important credit institutions were discussed, as well as the current status of the transition to the preferential use of Russian software and electronic products in the financial sector.

The NFS approved the Bank of Russia's report on expenses for 2024 for the maintenance of Bank of Russia employees, pension provision, personal insurance of Bank of Russia employees, capital investments and other administrative and economic needs, as well as the Bank of Russia's regulations on accounting in the Bank of Russia.

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

Bank of Russia will appreciate, how popular are mutual investment funds (MIF) among investors, from what sources do they get information about funds, and whether they are satisfied with the amount of information disclosed.

The collective investment sector is one of the most dynamically developing in Russia. A mutual fund is the most convenient financial instrument for an investor, including a beginner. The investment process is simple: a future shareholder transfers his funds to a fund managed by a management company. A professional manager invests the received resources in various assets: securities, real estate, infrastructure projects and other instruments. The entry ticket to a mutual fund is small – you can start investing with just 5 rubles on hand.

In order to increase interest in such an instrument, the Bank of Russia intends to analyze what sources an investor uses to obtain information about a mutual fund, how convenient and understandable such a financial instrument is. This will allow the regulator to further create conditions for increasing the availability of information for a wide range of investors and increase the attractiveness of investments in mutual funds.

The Bank of Russia published report, where he identified possible scenarios for the development of the retail mutual fund market.

Preview photo: Pixels Hunter / Shutterstock / Fotodom

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

The meeting of the BRICS finance ministers and central bank governors, as well as a meeting of their deputies, took place in Rio de Janeiro. The participants summed up the work of the BRICS financial track during the Brazilian presidency and discussed prospects for further cooperation.

The focus was on such areas of cooperation as the cross-border payment initiative, settlement and depository infrastructure, reinsurance company, Contingent Reserve Pool, transition financing and information security of the association countries. Within the framework of the BRICS Innovation Hub, the prospects for using artificial intelligence in the activities of central banks, as well as approaches to its regulation in the financial market of the association, were discussed.

Director of the Department of Cooperation with International Organizations of the Bank of Russia Gulnara Khaidarshina noted that common priorities and trust allow the association to develop expert interaction and remain an example of effective international cooperation.

In the second half of 2025, central banks will continue their expert interaction. In 2026, the BRICS presidency will pass to India.

Preview photo: Shutterstock / Fotodom

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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