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Implementation of e-comms in the Russian financial market

20.01.2014 18:22 / CBFMS/MIFC

On 17 January 2014, Moscow International Financial Center Taskforce hosted a meeting on Electronic Communications with First Deputy Chairman of the Bank of Russia, Head of Financial Markets Service Sergey Shvetsov and financial market participants.

Mr.Shvetsov proposed to further implement e-communications in daily interaction between clients of financial and infrastructure organizations, market participants and the regulator. He remarked that increased use of electronic communications will boost the market, cut expenses and attract new financial market participants.

Market participants upheld the approach proposed by Sergey Shvetsov.

A decision was passed to establish a working group to identify psychological, legal and technological obstacles hindering the development of e-communication. A report by the workgroup will be presented in the near future.

Project Group №1