Regulatory briefs

REGULATORY UPDATE

BIS issues study on Russian payment systems -- The Committee on Payment and Settlement Systems, under the aegis of the Bank for International Settlements based in Basel, issued a report at the beginning of October entitled Payment systems in Russia. The document, authored in conjunction with the Bank of Russia, attempts to outline the evolution of the payment and settlement system for all bank and securities transactions in Russia since the fall of Communism. The document is available at www

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