Central Banking

Russia cb prepares for world-class infrastructure

At a strategic meeting on June 23, 2004 in St. Petersburg, Russia, Michail Senatorov, Deputy Chairman of the Russian Central Bank, and Lazaro Campos, Member of the SWIFT Executive Committee, signed a Memorandum of Understanding (MoU) in which the bank agreed to use SWIFTNet for its planned new RTGS system, the company said in a press release.

Emphasising the significance of this MoU, Steven Palstermans, SWIFT Regional Manager for Russia and CIS, explained that "The proposed system will link 10