Russians slow to adopt Besp
MOSCOW – The Central Bank of Russia plans to automate bank membership to the Real Time Gross Settlement System (Besp) by 2010-end, but this is unlikely to prompt wider adoption of the trade settlement system in its current form, say market participants.
At a conference in Moscow on November 10, Vladimir Kulipanov, head of the Besp initiative at the central bank, said banks meeting minimum technology criteria will be given automatic associate member status by December 31, 2010. However, the
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