Risk Management Committee for Payment System

On 5 April 2013, the Executive Board passed a resolution to establish the Risk Management Committee for Payment System (the “Committee”).

The main task set before the Committee is to review proposals and make recommendations to NSD’s executive bodies with respect to risk management in NSD’s Payment System.

The Committee is responsible for the following functions:

  • determining assessment criteria for risk (including systemic risk) management of NSD’s Payment System, and assessing risk management using such criteria;
  • making proposals and recommendations upon completion of the risk management assessment of NSD’s Payment System;
  • making recommendations as to the criteria of participation in NSD’s Payment System;
  • making recommendations as to the requirements to payment infrastructure service providers participating in NSD’s Payment System;
  • making recommendations for ensuring information security in NSD’s Payment System;
  • dealing with issues related to ensuring reliable and uninterrupted operation of NSD’s Payment System;
  • dealing with issues related to the monitoring of risks in NSD’s Payment System;
  • making proposals related to services provided to NSD’s customers in NSD’s Payment System; and
  • dealing with any other issues assigned to the Committee in accordance with the Russian laws and NSD’s Payment System Rules.
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