Russia’s National Settlement Depository (NSD) has passed the Bank of Russia’s assessment of its payment system.
The bank was satisfied that the payment system met a high level of compliance with its principles for financial market infrastructure. Of 18 principles applicable to payment systems, the NSD met 14 either fully of generally.
Th.e assessment covered activities between 1 January 2013 and 30 June 2014.
Eddie Astanin, chairman of the NSD’s supervisory board, said: “National Settlement Depository was recognised as a systemically important infrastructure of the financial market. This obliges us to pay special attention to the operating reliability and risk management issues. The Supervisory Board and managers of NSD are focused on these matters.”
