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Moscow needs to regulate SWIFT, Reuters, Bloomberg to protect Russia-Finance Ministry

Sep 05, 2014    

MOSCOW (Reuters) - Moscow must classify interbank payment system SWIFT and trading systems by ThomsonReuters and Bloomberg as "operators of critical services" so they can be punished if they shut their platforms in Russia, the Finance Ministry said on Thursday.The ministry said in notes to a draft law on payment systems that Russia could suffer "real damage" because the operation of such platforms was not regulated. To do so, they needed to be classified as "critical infrastructure operator services", it said on a government website documenting the progress of law...

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