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Opinion

Russia debate: Russia pushes on with financial markets developments

Moscow’s attempt to develop as an important financial centre is at the core of a series of capital markets-friendly legislative changes. Euromoney talks to investors, City of Moscow officials, exchange heads and regulators about progress so far and what is to come.

Russia debate: Learn more about the panelists


Executive summary

• Moscow’s ambition to become an important international financial centre rests on the creation of a deep pool of liquidity

• The financial centre’s development requires a substantial legislative reform of the financial system that is already well under way

• Competition from other financial centres will not undercut Moscow’s offering

• A broadening and deepening of Russian capital markets is being achieved with new laws, culminating in a curb on insider trading and market manipulation

• A shortage of long-term bond issuance is being overcome

• Infrastructure developments should underpin Moscow’s financial centre plans

SR, Euromoney One of Moscow’s key objectives is to be a significant international financial centre. But what elements of a financial centre do you think are important?

Yuri Roslyak (YR) has been First Deputy Mayor of the City of Moscow and head of the Moscow City Economical Policy and Development Complex since 2003
YR, City of Moscow On the most basic level we would like to establish a system that allows for the effective deployment and use of capital to the mutual benefit of issuers and lenders.

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