Forum supports board of approval to vet Russian nostro banks

Russia stamp

EBS and Citi announced plans to set up a board of approval to review and perhaps rank nostro banks in Russia based on their willingness to participate in a real-time gross settlement (RTGS) system, at the 13th International Ruble Settlement Forum (IRSF) held in London yesterday.

The IRSF, which is convened by EBS and meets annually in London and Moscow, has had a long-running commitment to the ruble's development and is keen to accelerate the pace of RTGS adoption in Russia. A real-time system

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