Russian central bank to create regulatory environment for robo-advisors

Tuesday 16 April 2019 00:02 CET | News

The Central Bank of Russia has announced plans to create a regulatory environment for the operations of robo-advisors.

This project is a part of the central bank’s roadmap for the realisation of the main directions of the development of the financial market for 2019-2021. The Bank of Russia will have to describe and determine the status of robo-advisors and to provide users of such programs with all necessary protection.

Furthermore, the regulator aims to expand the opportunities for practical application of robo-advisors when making investment decisions. There will be a consultation paper about these issues, which is set to be published in 2019. The rest of the normative acts related to this matter are expected in 2021.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: robo advisors, investment, Russia, banks, innovation, fintech, Central Bank of Russia
Countries: World