MIL-OSI Russia: Financial news: Changes in regulation of the cash transportation market: results of the discussion of the Bank of Russia report

Translartion. Region: Russians Fedetion –

Source: Central Bank of Russia –

The professional community supports the introduction of additional measures to regulate the cash collection and transportation market. Most experts spoke in favor of creating equal conditions for all participants. These are results of the discussion report of the Bank of Russia.

The participants in the discussion confirmed the points made inreport Problems: reduced availability of cash collection and transportation services in some regions, increased unfair competition and personnel shortages in the industry.

The Bank of Russia intends to create conditions for attracting more companies to this market. In addition to banks, other organizations that transport cash are planned to be included in the regulatory perimeter. It is envisaged to maintain a register of such carriers. It is proposed to establish liability measures for organizations that will provide money transportation services but are not included in the register.

These initiatives will help combat unfair competition and improve the availability of services, including in remote areas.

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