pc
nid 92818
May 28, 2026
arahman@vixio.com
Russia
Bank of Russia
financial services
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1864 charsRussia's Bank of Russia Launches Consultation on Artificial Intelligence Use in Financial Markets
On November 20, 2025, the Bank of Russia (CBR) launched a public consultation on a report addressing the application of artificial intelligence (AI) in the financial market, examining the current status and conditions for further development of AI technologies within Russia's financial sector.
The consultation report, titled "Application of Artificial Intelligence in the Financial Market: Current Status and Conditions for Further Development," seeks to gather feedback from market participants, industry stakeholders, and the public on AI implementation across financial services. The initiative reflects the CBR's recognition of AI's growing role in financial markets and the need to establish a regulatory framework that balances innovation with financial stability and consumer protection. The report likely addresses key considerations including governance frameworks for AI-driven systems, risk management protocols, transparency and disclosure requirements for AI-based financial products and services, and safeguards against algorithmic bias and market manipulation. The consultation also appears designed to identify barriers to responsible AI adoption and establish conditions that support technological advancement while maintaining market integrity.
The CBR is accepting responses, questions, and suggestions regarding the report until December 30, 2025 (inclusive). Stakeholders should submit their feedback to ai_doklad@cbr.ru. The CBR plans to publish a summary report of the public consultation outcomes on May 28, 2026, which will inform the development of future AI governance guidance for Russia's financial markets.
REFERENCES:
Bank of Russia. "Доклад для общественных консультаций 'Применение искусственного интеллекта на финансовом рынке: текущий статус и условия дальнейшего развития'." Accessed November 20, 2025. https://www.cbr.ru/
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1297 charsCentral Bank of Russia Publishes Consultation Response on Artificial Intelligence Use in Financial Markets
On May 28, 2026, the Central Bank of Russia (CBR) published the consultation response to the Public Consultation Report on the Application of Artificial Intelligence (AI) in the Financial Market: Current Status and Conditions for Further Development .
Key points include:
The CBR will continue to work to create favourable conditions for the development of AI. It will continue to adhere to a risk-oriented and technology-neutral approach.
The CBR considers it premature to prepare a separate management guide. This issue may be further addressed based on the results of monitoring compliance with the Code of Ethics for the Development and Application of AI in the Financial Market.
Together with financial market participants, the CBR will create a collection of best practices for compliance with the Code of Ethics.
The CBR will conduct comprehensive annual monitoring of compliance with the Code of Ethics, including through a general survey on the use of AI in the financial market.
The CBR will develop proposals to remove barriers to the use of data privacy-enhancing technologies in the financial market.
The CBR will continue to work to create favourable conditions for the development of AI in the financial market in collaboration with relevant agencies and market participants.