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In his opening speech the co-chair of the round table from the EU side, General Secretary of the European Banking Federation and Vice-President of the Brussels International Banking Club, Mr Guido RAVOET, highlighted the importance of this meeting between bankers and financiers, placing it in the context of the forthcoming May summit of EU with Russia, this summit seeking to create a programme of shared economic space.
The co-chair from the Russian side, the Head of Russian Federal Financial Markets Service and Vice President of BIBC, Oleg VIYUYGIN, presented the new strategy of developing financial markets in Russia, clarifying concrete measures aimed at making Russian financial markets more competitive and more attractive for the foreign investors.
The General Director of Deposit Insurance Agency State Corporation and member of the Directors Council, Alexander TURBANOV, informed the participants about developing a system of deposit insurance in Russia and DIA’s intentions of branching out in other business directions.
The President General Director of Société Générale and French Banking Federation, Daniel BOUTON, expanded on the subject of collaboration between France and Russia in the banking sphere, specifying the importance of creating a banking ethic in the CIS countries which is both easily comprehensible and accessible for the Europeans.
In the contribution that followed, the Deputy Chair of Savings Bank of the Russian Federation, Alexander ZAKHAROV, proposed to discuss various problems facing Russian banks as they emerge in the financial markets of the EU countries during the next meeting of the Brussels International Banking Club.
Given the initiative of creating shared economic space between Russia and the EU and the analogous processes in the CIS, the questions of inter- state collaboration between Regulation of Financial Market Services were introduced to the debate. The President of the French Financial Markets Authority, Michel PRADA, emphasized the relevance of creating an authoritative regulatory body in Russia or the role of the Federal Financial Markets Service, whilst also stressing the necessity to expand the cooperation of this body with its European colleagues.
Furthermore, additional working meetings with the directors and experts of the Société Générale and BNP Paribas took place during the reunion of the Round Table in Paris, where prospects of these banks coming to Russia and other CIS countries received particular attention.
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