The Central Bank of Russia has published a consultation paper on the further development of artificial intelligence in Russia’s financial market, setting out a risk-oriented and technologically neutral approach and highlighting confidence in the technology and data accessibility as the key conditions for wider adoption. The paper draws on a Central Bank of Russia survey finding that one in five financial market organisations already uses AI and a further one third plan to introduce it into business processes over the next three years. To boost trust, it points to monitoring compliance with the Code of Ethics for AI in Finance, developing methods for implementing its provisions, and compiling a collection of best practices. To improve data accessibility, it proposes exploring market participant-led platforms for voluntary data exchange and joint development of AI models via “trusted intermediaries”, alongside discussion of privacy-enhancing technologies for the Russian financial market. The consultation is open for comments through 30 December 2025.
Central Bank of Russia 2025-11-20
Central Bank of Russia launches consultation on AI in finance with proposals to strengthen trust and expand data access
The Central Bank of Russia released a consultation paper on advancing AI in the financial market, emphasizing a risk-oriented, technologically neutral approach. It highlights the importance of confidence in AI and data accessibility, proposing compliance monitoring with the AI Code of Ethics and exploring platforms for voluntary data exchange. It also suggests developing privacy-enhancing technologies and best practices to foster AI adoption.