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3 rd International Rouble Settlement Forum

3 rd International Rouble Settlement Forum. Jon Kemp- Citi Securities & Banking. Why the need for Rouble forum?. Provide the industry with confidence in the infrastructure to encourage international investment

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3 rd International Rouble Settlement Forum

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  1. 3rd International Rouble Settlement Forum Jon Kemp- Citi Securities & Banking

  2. Why the need for Rouble forum? • Provide the industry with confidence in the infrastructure to encourage international investment • Draw up a collective road-map that highlights the wishes of the international community vs. the constraints in Russia • End the myth that the RUB clearing system is a mine field • Networking.

  3. Next Steps for the International Community • Ensure RUB correspondents take up membership of BESP • Understand intricacies to deliver STP environment • Work with correspondents to deliver robust, accurate funding processes • Continue, as a forum, to share best practice to create consistency across the market • Create a level playing field to ensure service standards remain optimum

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