trending Market Intelligence /marketintelligence/en/news-insights/trending/SJK4lyJw06ZFBHZ9nlOeUA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Russia to introduce resolution mechanism for central depository, counterparties

Street Talk - Ep. 64: Coronavirus jumpstarts digital adoption

Street Talk Podcast

Street Talk - Ep. 63: Deal talks continue amid bank M&A freeze, setting up for strong Q4

Street Talk Podcast

Street Talk - Ep. 62: 'Brutal' outlook for oil demand offers banks in oil patch no relief

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments

Russia to introduce resolution mechanism for central depository, counterparties

Russia's finance ministry and central bank want to extend the financial recovery mechanism used for banks, pension funds and insurance companies to also cover the country's central depository and central counterparties, Kommersant reported.

Under the proposal, which is included in draft legislation on the financial recovery system for non-state pension funds, the central bank would launch a financial recovery procedure in central counterparties and the central depository in the event of a threat to the financial stability of these organizations or the stability of the financial market, according to the Jan. 16 report.

The regulator would also be allowed to set conditions under which it would become shareholder in the bailed-out organizations. In addition, its employees would have the right to participate in the management bodies of the central depository, the newspaper noted.

The rescue mechanism was developed to unify Russian legislation with international standards related to the resolution of central counterparties and central depositories in order to ensure the continuity of their work as key infrastructure organizations of the financial market, the central bank was cited as saying.

At the moment, the status of the central depository in Russia is held by National Settlement Depository, which is part of PJSC Moscow Exchange MICEX-RTS Group. There are also three central counterparties: Non-banking credit institution - Central Counterparty National Clearing Center, Open Joint Stock company Clearing Centre MFB and Settlement Depository Company SDCO, Kommersant noted.