Financial news: Inflation in the regions is declining more and more confidently.

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

In June, prices fell or remained unchanged in 17 Russian regions, in 42 they rose less than in May, and in the rest, price growth accelerated.

Food prices increased moderately in June, and vegetables and fruits became cheaper even more significantly than usual in the season. Eggs and butter continued to become cheaper, and sugar prices decreased. At the same time, tea, coffee and cocoa became more expensive faster.

Among non-food products, the most noticeable decline in price was in equipment and electronics. Demand for these products was falling primarily due to the cooling of lending. The strengthening of the ruble also contributed.

The growth in prices for services remained high, but was much less than in May. In particular, household, medical services, and foreign tourism services increased in price less.

Annual inflation fell in 68 regions of the country in June. The Bank of Russia will continue to reduce price growth, maintaining high rates. According to the forecast, annual inflation will return to 4% in 2026 and remain close to this level in the future.

For more information on inflation in each region, seeinformation and analytical materials, published on the website of the Bank of Russia.

Preview photo: Medvedeva Oxana / 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.

Financial News: Recommendations for financial market participants on the conceptual design of the "Metadata Management" process

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

The development of modern technologies, the increase in the amount of data, the emergence of new financial products and the digitalization of traditional ones require financial market participants to create and improve data management systems.

The main tasks of data management systems development:

improving the quality and reliability of data, increasing their efficiency, transparency of data preparation processes for regulatory reporting, increasing flexibility and speed of response to changes in regulation, increasing the efficiency of core business processes.

The Bank of Russia believes that data management systems of individual financial institutions are important for maintaining the quality of data in the country's financial system as a whole. Proper data management is also necessary for the timely and complete provision of regulatory reporting, on the basis of which supervisory decisions are made, among other things.

The conditions for the development of data management systems are created by the Bank of Russia taking into account global experience, the current level of development of financial organizations, current restrictions on technologies and general challenges facing the domestic financial market.

In 2024, the regulator created a working group on the development of data management systems for financial market participants, which includes representatives of the Bank of Russia's structural divisions and the director of data management for financial institutions. The head of the working group is Deputy Chairman of the Bank of Russia Valery Kazarin. The working group includes subgroups to develop a methodology for assessing the maturity of data management systems for financial market participants and to develop methodological recommendations for the development of data management systems for financial market participants.

The working group has developed recommendations for the development of data management systems for financial market participants and a methodology for self-assessing the maturity of data management systems for financial market participants.

Market participants are encouraged to regularly conduct self-assessments of the maturity level of data management systems, which will improve the quality of data and analytics, optimize information management processes, and more quickly adapt to regulatory changes. Based on the results of the self-assessment, a market participant can take advantage of recommendations of the working group to improve the efficiency of their processes and technological solutions.

Responsible structural unit: Department of Data, Projects and Processes

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.

.

Financial News: Recommendations for financial market participants on the conceptual design of the “Reference and Master Data” process

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

The development of modern technologies, the increase in the amount of data, the emergence of new financial products and the digitalization of traditional ones require financial market participants to create and improve data management systems.

The main tasks of data management systems development:

improving the quality and reliability of data, increasing their efficiency, transparency of data preparation processes for regulatory reporting, increasing flexibility and speed of response to changes in regulation, increasing the efficiency of core business processes.

The Bank of Russia believes that data management systems of individual financial institutions are important for maintaining the quality of data in the country's financial system as a whole. Proper data management is also necessary for the timely and complete provision of regulatory reporting, on the basis of which supervisory decisions are made, among other things.

The conditions for the development of data management systems are created by the Bank of Russia taking into account global experience, the current level of development of financial organizations, current restrictions on technologies and general challenges facing the domestic financial market.

In 2024, the regulator created a working group on the development of data management systems for financial market participants, which includes representatives of the Bank of Russia's structural divisions and the director of data management for financial institutions. The head of the working group is Deputy Chairman of the Bank of Russia Valery Kazarin. The working group includes subgroups to develop a methodology for assessing the maturity of data management systems for financial market participants and to develop methodological recommendations for the development of data management systems for financial market participants.

The working group has developed recommendations for the development of data management systems for financial market participants and a methodology for self-assessing the maturity of data management systems for financial market participants.

Market participants are encouraged to regularly conduct self-assessments of the maturity level of data management systems, which will improve the quality of data and analytics, optimize information management processes, and more quickly adapt to regulatory changes. Based on the results of the self-assessment, a market participant can take advantage of recommendations of the working group to improve the efficiency of their processes and technological solutions.

Responsible structural unit: Department of Data, Projects and Processes

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.

.

Financial News: Results of Monitoring in the National Payment System for 2024

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

(Part 5 of Article 31 of the Law on NPS)

The activities of the Bank of Russia to improve the activities of NPS entities and the services they provide, as well as to develop payment systems, payment infrastructure, and the digital ruble platform (hereinafter referred to as monitoring objects) based on the recommendations of the regulator.

Monitoring of NPS entities is carried out by the Bank of Russia in accordance withLaw on NPSAndBy Bank of Russia Instruction No. 6950-U “On the procedure for implementing monitoring in the national payment system”.

Monitoring of the national payment system is carried out on an ongoing basis and includes:

Monitoring activities of NPS entities and (or) the functioning of observation objects
Rating activities of NPS entities and (or) the functioning of observation objects
Initiating Change— preparation based on the results of the assessment of proposals for changing the activities of NPS entities and (or) the functioning of observation objects

The Bank of Russia regularly discloses information on the results of monitoring in the NPS in reviews.

Results of observation in the national payment system

More Collapse –

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.

Financial news: Complaints against insurers have decreased, against banks – have increased: results of the first half of 2025

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

For six months of 2025 complaints The number of complaints to the Bank of Russia from consumers of financial services and investors increased by 18.6% compared to the same period last year. A total of 182.4 thousand complaints were received.

At the same time, quarterly dynamics show a decrease in the number of complaints: in April-June of this year, it decreased by almost 7% compared to January-March.

Complaints about banks increased by 28.6%. Claims are most often related to blocking transactions, accounts and bank cards, as well as suspension of remote banking services. Banks are taking such measures to combat financial fraud.

At the same time, consumers complained almost twice as rarely about the imposition of additional services when taking out a loan.

The number of complaints against insurers has decreased by 47%. Thanks to the fact that citizens can independently clarify the value of the bonus-malus coefficient and challenge it through the website of the National Insurance Information System, template complaints have practically ceased to arrive: 80 against 10.4 thousand for the first half of 2024.

The number of complaints about microfinance organizations has increased slightly. The 3.6% increase is due to difficulties in returning funds for additional services and in obtaining credit holidays. There are fewer complaints related to new cases of imposition of additional services and credit histories.

The situation with claims against professional participants in the securities market developed in a similar way – they decreased by 19%. The smallest number of complaints related to sanctions restrictions were received against brokers (a 3.2-fold decrease) and depositories (a 2.5-fold decrease).

Complaints about non-state pension funds (NPF) increased by 17.7%. The reason is the growth of claims regarding the execution of long-term savings agreements. However, in absolute figures, there are few such complaints: 193 for more than 5.6 million concluded agreements. Complaints about disagreement with the transition from the Social Fund of Russia to NPF, as well as between NPFs, decreased by 40.3%.

Preview photo: RerF_Studio / 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.

Financial news: Pilot project to assign ratings to shares has started.

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

The Bank of Russia has approved the methodologies of two credit rating agencies (CRAs) for assigning non-credit ratings to ordinary shares. This is a new product on the market, which represents an assessment of the fair value of companies. It will become an additional reference point for investors when making investment decisions.

The pilot included OOO National Credit Ratings and OOO National Rating Agency. When assessing issuers, the CRAs will take into account how companies comply with corporate legislation, including investor protection standards, then assign "stars" to shares and accompany the ratings with extended analytics.

The first issuers to be rated will be companies fromShareholder Value Creation Programs.

At the end of the year, the Bank of Russia will analyze the experience gained and, if it proves positive, will consider the possibility of using stock ratings in financial regulation.

Preview photo: Msgrafixx / 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.

Financial news: Order on termination of activities of temporary administration, Bank PTB (LLC)

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

Collection of cash, bills, payment and settlement documents and cash services for individuals and legal entities

Purchase and sale of foreign currency in cash and non-cash forms

Carrying out money transfers without opening bank accounts, including electronic money (except for postal transfers)

Carrying out transfers of funds on behalf of individuals and legal entities, including correspondent banks, through their bank accounts

Opening and maintaining bank accounts for individuals and legal entities

Attracting funds from individuals and legal entities into deposits (on demand and for a specified period)

Placement of funds attracted into deposits (on demand and for a certain period) of individuals and legal entities on their own behalf and at their own expense

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.

Financial news: Registration for Finopolis-2025 is open.

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

The Finopolis Forum of Innovative Financial Technologies is 10 years old. This year it will be held from October 8 to 10 at the Sirius federal territory. You can register atwebsite.

The forum will be attended by the management of the Bank of Russia, representatives of relevant ministries and departments, leading financial and digital fintech companies, as well as opinion leaders in the field of technology. They will discuss trends and vectors of development of financial technologies in various segments of the financial market.

According to established tradition, an exhibition will open for forum guests, where the latest achievements in the field of innovation will be presented.

Preview photo: Elizaveta Ageenko / Bold Friday Studio

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.

Financial news: Bank of Russia to supervise installment service operators

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

Laws The State Duma adopted a resolution on requirements for installment service operators and contracts with them.

Now sellers and installment service operators (intermediaries between the seller and the buyer) will not be able to disguise interest on deferred payments by setting different prices for goods in installments and for cash. The amount of fines that installment service operators can collect from users is also limited.

In addition, if the citizen’s installment obligations exceed 50 thousand rubles, the service operator will be obliged transfer this information to the credit bureau. This will help banks and microfinance organizations assess the level of a person's debt burden when applying for a loan or credit. Thus, citizens will be better protected from debt overload and default risks.

Legislators also gradually limited the maximum period of interest-free installments: from April 1, 2026 – 6 months, from April 1, 2028 – 4 months.

The changes will come into force on April 1, 2026.

Preview photo: Reshetnikov_art / 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.

Financial News: Partner Financing Experiment Extended Until September 2028

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

Law, which extends the experiment in partnership financing, also provides for the improvement of its mechanisms. The law was adopted by the State Duma and approved by the Federation Council.

The experiment will be carried out from September 1, 2023, on the territory of Bashkortostan, Dagestan, Tatarstan and the Chechen Republic. It was initially announced for two years.

The law expands the list of partnership financing operations, including opening accounts by banks that have the appropriate license. The list of operations also includes mutual insurance.

A special committee will be created to approve standards for partner funding. Companies should indicate in their advertising that they are participants in the experiment.

In addition, the list of grounds for refusing to include organizations in the register of experiment participants is being expanded, as well as the list of grounds for exclusion from it. This will reduce the risks of unscrupulous companies participating in the experiment.

The purpose of the law is to create a more correct and uniform provision of partnership financing services, to increase the transparency and attractiveness of the experiment, including for foreign investors.

Preview photo: Ele Sviridova / 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.