Methodological aspects of ensuring the smooth functioning of the digital ruble platform

Abstract

Subject. The article addresses the smooth functioning of the digital ruble platform (SFDRP). Objectives. The purpose is to disclose methodological aspects of ensuring the SFDRP, considering the practices of ensuring the smooth functioning of payment systems (SFPS). Methods. The study provides a comparative analysis of characteristics of the digital ruble platform and of payment systems. It is determined that the activity of both is based on smooth functioning of individual independent actors, thus, the practices of ensuring SFPS can be applied to ensure SFDRP. Based on GOST R ISO 31000-2019 "Risk Management. Principles and Guidelines" and GOST R ISO 22301-2014 "Business Continuity Management Systems", I offer a methodological approach to ensuring SFDRP. Results. The study discloses unified SFDRP support structure and the risk and continuity management processes. Risk management is aimed at reducing the expected severity of consequences of events that may occur. At the same time, continuity management involves influencing the events that have already occurred. Conclusions. It is necessary to consider the fact of interaction between the digital ruble platform and the Bank of Russia Payment System, which implements the practices of ensuring SFPS. Efficiency of the organization of SFPS of the Bank of Russia will have a direct impact on the ability to ensure SFDRP, and vice versa. Supporting the SFDRP is especially important from the perspective of regulating the volatility of cash flows to maintain the financial stability of the economy.