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Digital Report - immediate delivery to your email.

Date of Publishing: October 2020.
No. of Pages: 45.
Language: English.

What is the concept of a digital ruble? What are its role and place in today’s monetary system? How can it help individuals, businesses, and society in general? What aspects are to be taken into consideration in the course of its implementation? A digital ruble will remain the Russian ruble which will be issued by the Bank of Russia in digital form in addition to the existing forms of money. Individuals will be able to transfer digital rubles to their electronic wallets and use them through their mobile and other devices both online and offline (that is without access to the Internet and mobile communication). A digital ruble will be an additional form of money and will be used alongside individuals’ and businesses’ cash rubles and funds in their commercial bank accounts. Depending on their needs, individuals and companies will be able to exchange their money from one form to another, i.e. from the digital form to cash or noncash funds in their bank accounts, and back. This requires special-purpose technologies that would enable the offline usage of a digital ruble. A digital ruble will combine the advantages of both cash and non-cash money.

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Contents:

1. THE ROLE OF A DIGITAL RUBLE IN MONEY CIRCULATION
1.1. A digital ruble as a form of money.
1.2. The Bank of Russia’s approach to developing a digital ruble.
2. APPLICABILITY OF A DIGITAL RUBLE.
2.1. Pre-requisites, consumer qualities and conditions of use of a digital ruble.
2.2. A digital ruble for households.
2.3. A digital ruble for businesses.
2.4. A digital ruble for government payments.
2.5. A digital ruble for capital markets and financial innovations.
2.6. Certain AML/CFT/CFPWMD issues.
2.7. Protection of digital ruble owners.
3. THE IMPORTANCE OF A DIGITAL RUBLE FOR THE CENTRAL BANK’S
POLICY TO MAINTAIN PRICE AND FINANCIAL STABILITY.
3.1. A digital ruble and monetary policy.
3.2. A digital ruble and financial stability.
4. MODELS AND MECHANISMS FOR IMPLEMENTING A CENTRAL BANK
DIGITAL CURRENCY.
4.1. Models of a central bank digital currency.
4.2. Mechanisms for the technical implementation of a CBDC.
4.3. Confidentiality.
5. INFORMATION SECURITY.
6. LEGISLATIVE AND REGULATORY CHANGES REQUIRED TO IMPLEMENT
A DIGITAL RUBLE.
7. APPENDIX. INTERNATIONAL DISCUSSION ON CENTRAL BANK
DIGITAL CURRENCIES.
TOPICS FOR PUBLIC DISCUSSION.
GLOSSARY.
ABBREVIATIONS.
REFERENCES.

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Digital Report - immediate delivery to your email.

PDF-friendly

Date of Publishing:  November, 2023
No. of Pages: 51

На сегодняшний день ИИ уже широко используется участниками российского финансового рынка в различных бизнес-процессах: для взаимодействия с клиентами, управления рисками, аналитики, мониторинга и совершения операций и так далее. При этом потенциал дальнейшего расширения использования ИИ финансовыми организациями представляется значительным. ИИ может повышать эффективность финансовых организаций и качество оказываемых ими услуг.

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Оглавление:

1. Ключевые тезисы.

2. Определение и основные технологии искусственного интеллекта.

3. Глобальные тренды развития искусственного интеллекта.

4. Применение технологий искусственного интеллекта на финансовом рынке.

5. Условия развития искусственного интеллекта на российском финансовом рынке.

6. Риски искусственного интеллекта на финансовом рынке.

7. Подходы к регулированию искусственного интеллекта. 

8. Зарубежный опыт регулирования искусственного интеллекта.

9. Подходы к регулированию искусственного интеллекта на российском финансовом рынке. 

10. Вопросы для общественного обсуждения. 

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Digital Report - immediate delivery to your email.

Date of Publishing: 2025.
No. of Pages: 24

The digital ruble, going beyond a simple payment instrument, opens up opportunities for transforming key processes in the economy. Its use can increase the speed, transparency and security of financial transactions. The potential of the digital ruble can be considered in the context of several key aspects: innovations in financial technologies, increased efficiency of financial management at the state level, financial accessibility, and as a new generation payment instrument for cross-border settlements.

TABLE OF CONTENTS
Introduction
1. The digital ruble as the next stage in the evolution of money.
1.1. Goals and objectives of introducing the digital ruble.
1.2. Potential of the digital ruble.
1.3. The Bank of Russia digital ruble model.
1.4. Legal regulation.
1.5. The impact of the digital ruble on monetary policy and financial stability.
2. Pilot project of the digital ruble.
2.1. Project milestones.
2.2. Pilot objectives and tasks.
2.3. Current status of the pilot. Achieved results.
2.4. Issues identified during the piloting process.
2.5. Development of the digital ruble platform functionality.
3.   Technological platform and infrastructure.
3.1. Digital ruble platform architecture.
3.2. Security and data protection mechanisms.
4.    Prospects and next steps.

 

Цифровой рубль, выходя за рамки простого платежного инструмента, открывает возможности для трансформации ключевых процессов в экономике. Его использование способно повысить скорость, прозрачность и безопасность финансовых операций. Потенциал цифрового рубля можно рассматривать в разрезе нескольких ключевых аспектов: инноваций в финансовых технологиях, повышения эффективности управления финансами на государственном уровне, финансовой доступности, а также в качестве платежного инструмента нового поколения для трансграничных расчетов.

ОГЛАВЛЕНИЕ
Введение
1.     Цифровой рубль как следующий этап эволюции денег.
1.1. Цели и задачи внедрения цифрового рубля.
1.2. Потенциал цифрового рубля.
1.3. Модель цифрового рубля Банка России.
1.4. Правовое регулирование.
1.5. Влияние цифрового рубля на денежно-кредитную политику
и финансовую стабильность.
2.     Пилотный проект цифрового рубля.
2.1. Вехи проекта.
2.2. Цели и задачи пилота.
2.3. Текущий статус пилота. Достигнутые результаты.
2.4. Вопросы, выявленные в процессе пилотирования.
2.5. Развитие функциональных возможностей платформы цифрового рубля.
3.     Технологическая платформа и инфраструктура.
3.1. Архитектура платформы цифрового рубля.
3.2. Механизмы безопасности и защиты данных.
4.     Перспективы и дальнейшие шаги.

Digital Report - immediate delivery to your email.

Date of Publishing: 2023.
No. of Pages: 438.

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Contents:

1. Wealth and the global art market.

2. Art & Wealth Management Survey.

3. Art wealth protection, estate planning and philanthropy.

4. Culture & social impact investment and sustainability.

5. Art secured lending.

6. Art and investment.

7. Art and technology.

8. Risk Management and regulation.

9. Conclusion.

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Digital Report - immediate delivery to your email.

Date of Publishing: 2023.
No. of Pages: 26.

The banking system was subjected to significant forces in 2022, including inflation, rising interest rates, equity and bond market declines, plunging cryptocurrency prices, consequences (political, trade, economic) of the Russia-Ukraine conflict, lingering effects of the COVID pandemic, and—to at least some extent—the reemergence of consumers from pandemic isolation.

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Contents:

1. ‘Still work to do’ to meet core and emerging supervisory expectations.

2. Responding to forces of innovation.

3. Fortifying governance and controls as part of core safety and soundness.

3.1. Data governance and reporting.

3.2. Cyber and information technology (IT) risk.

3.3. Bank Secrecy Act (BSA)/anti-money laundering (AML) and sanctions.

3.4. Consumer protection and financial inclusion.

4. Expanding the scope of financial risk management.

4.1. Capital.

4.2. Liquidity.

4.3. Climate-related financial risk.

5. Looking forward to an active 2023.

6. Endnotes.

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Digital Report - immediate delivery to your email.

Date of Publishing: February, 2022.
No. of Pages: 40.

This paper is the first step in a public discussion between the Federal Reserve and stakeholders about central bank digital currencies (CBDCs). For the purpose of this paper, a CBDC is defined as a digital liability of a central bank that is widely available to the general public. In this respect, it is analogous to a digital form of paper money.  

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Contents

1. Key Topics.

2. Public Outreach.

3. Introduction.

4. The Existing Forms of Money.

5. The Payment System. 

6. Recent Improvements to the Payment System.

7. Remaining Challenges for the Payment System.

8. Digital Assets.

9. Central Bank Digital Currency. 

10. Uses and Functions of a CBDC.

11. Potential Benefits of a CBDC. 

12. Potential Risks and Policy Considerations for a CBDC. 

13. Seeking Comment and Next Steps. 

14. CBDC Benefits, Risks, and Policy Considerations.

15. CBDC Design. 

16. Appendix A: Federal Reserve Research on Digital Currencies. 

17. Technological Experimentation.

18. Economic and Policy Research. 

19. Stakeholder Engagement and Outreach. 

20. International Collaboration. 

21. Central Bank Money.

22. Commercial Bank Money. 

23. Nonbank Money.

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Digital Report - immediate delivery to your email.

Date of Publishing: 2021.
No. of Pages:  4.

The green loan market aims to facilitate and support environmentally sustainable economic activity. The Green Loan Principles (GLP) have been developed by an experienced working party, consisting of representatives from leading financial institutions active in the global syndicated loan markets, with a view to promoting the development and integrity of the green loan product.

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Contents:

 1. Introduction.
 2. Green Loan Definition.
 3. Green Loan Principles – Core Components. 
 3.1. Use of Proceeds.
 3.2. Process for Project Evaluation and Selection.
 3.3. Management of Proceeds.
 3.4. Reporting.

 4. Review.

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Digital Report - immediate delivery to your email.

Date of Publishing: 2023.
No. of Pages: 129.

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Contents:

CHAPTER 1. Introduction.

1.1. About Fintech and the Future of Finance.

1.2. Conceptual Framework.

1.3. Fintech: What It Is and Why It Matters.

CHAPTER 2. Fundamental Drivers of ­ Fintech.

2.1. Key Technologies: Connectivity and Computing Power.

2.2. Impact of Technology.

2.3. Impact of Economic Forces: Scale Economies, Frictions, and Rebundling.

CHAPTER 3. Market Outcomes.

3.1. Impacts across the Four Dimensions of Market Outcomes.

3.2. Financial Infrastructure.

3.3.  New Business Models and Products.

3.4. New Players: Entry, Concentration, and Competition.

3.5. Implications for Market Structure.

CHAPTER 4. Core Policy Objectives and Evolving Trade-Offs.

4.1. Main Policy Challenges.

4.2. Policy for an Evolving Fintech Market.

4.3. Balancing the Policy Trade-Offs.

CHAPTER 5. Regulation and Supervision.

5.1. Current Regulatory Environment.

5.2. Typology of Regulatory Responses.

5.3. Activity-Specific Regulation.

5.4. Data-Generation Issues: Possibilities and Perils.

5.5. Regulation for Fair Competition.

5.6. Looking Ahead.

CHAPTER 6. Conclusion.

6.1. Emerging Policy Implications.

6.2. Final Remarks.

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