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27.12.2024
IT WAS DECIDED TO CREATE ITS OWN SYSTEM OF FINANCIAL INDICATORS IN RUSSIA
A law has been developed on financial and commodity indicators and their administrators.
The financial indicator will be recognised as an indicator of the price of financial instruments and property rights, the value of the interest rate, exposure to risk, the exchange rate. The commodity indicator will be an indicator of the price of precious metals, things (except for cash, including foreign currency, documentary securities), services related to the transportation of these things. These indicators will also recognise values calculated on the basis of a set of listed indicators.
The administrator will define indicators and disseminate information about them. Requirements for such subjects have been established. One of them is availability of own funds in the amount of at least five million roubles. The Bank of Russia will maintain a register of administrators.
The need to create a national system of indicators arose, among other things, due to the departure of foreign news agencies (in particular, Bloomberg, Refinitiv), which traditionally occupied this niche in our market. Russian participants encountered difficulties in obtaining representative information necessary for concluding transactions and fulfilling obligations under them.
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