Guidelines for the Development of the Russian Financial Market slide image

Guidelines for the Development of the Russian Financial Market

Bank of Russia BANK OF RUSSIA: OVERVIEW The Central Bank of the Russian Federation 10 FINANCIAL MARKET DEVELOPMENT STRATEGY Guidelines for the Development of the Russian Financial Market in 2016 - 2018 Bank of Russia GUIDELINES FOR THE DEVELOPMENT of the Russian Financial Market in 2016-2018 The Bank of Russia Guidelines for the Development of the Russian Financial Market in 2016 - 2018 (presented in 2016 and undergone discussion with market participants in 13 Russian regions) cover the following areas: ✓ Consumer financial protection and financial literacy of the population of the Russian Federation; ✓ Improving financial inclusion for households and small and medium-sized businesses; ✓ Discouraging malpractice in the financial market; ✓ Enhancing investor appeal for the equity financing of public companies via improved corporate governance; ✓ Development of the bond market and syndicated lending market; ✓ Improvement of the financial market regulation, including the use of proportional regulation and optimization of regulatory burden on financial market participants; ✓ Advanced training for professionals working in the financial market; ✓ Incentives to electronic interaction mechanisms in the financial market; ✓ International cooperation for the development and implementation of rules regulating the global financial market; ✓ Improvement of tools ensuring financial market stability. Currently the Bank of Russia is working on the new Guidelines for the Development of the Russian Financial Market in 2019-2021.
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