An international conference entitled “The Russian Money Market in 2010: Regional Ambitions” opened in Moscow on October 21. The first such conference is organized by RIA Novosti with active assistance of Dow Jones, the National Association of Securities Market Participants (NAUFOR) and the National Foreign Exchange Association (NFEA).
An international conference entitled “The Russian Money Market in 2010: Regional Ambitions” opened in Moscow on October 21. The first such conference is organized by RIA Novosti with active assistance of Dow Jones, the National Association of Securities Market Participants (NAUFOR) and the National Foreign Exchange Association (NFEA).
The conference gathered over 200 participants and some 40 company representatives. In particular, a deputy chairman of Vnesheconombank (VEB), Sergei Vasilyev (photo), made a speech at the opening of the event. He said the Russian Central Bank should not be responsible for the economic growth rate.
3/7
© RIA Novosti . Mikhail Fomichev
The president of the MICEX, Ruben Aganbegyan (photo), considers that the Russian money market is established but needs complex legislative revisions and development of tools.
Presidential aide Arkady Dvorkovich (photo) believes that restrictive measures on international financial markets are unnecessary and says Russia will not support such measures.
One of the most important problems of the Russian economy is that it is monopolized, MDM Bank’s board chairman Oleg Vyugin said.
The head of the Moscow State University School of Economics, economist Yevgeny Yasin, believes that the Russian money market could feel secure on the world arena if the rule of law were ensured in Russia.
Moscow cannot be considered as a global financial center and could only aim to achieve the status of a regional hub, World Bank economist Lucio Mauro Vinhas de Souza said.
