Moscow Exchange forum in London draws “record audience”

By Andrei Skvarsky.

 Moscow Exchange has said its annual forum in London on October 22 brought together a “record audience” of more than 300 market participants and “shed light on opportunities in Russia’s capital markets, upgrades to market infrastructure and product development at the Exchange, and the future of regulatory reform”.

The event, among other things, involved discussions on Moscow Exchange’s equity, bond, foreign exchange, money and derivatives markets and post-trade infrastructure, on principal initiatives on the central counterparty issue and in risk management, and on the bourse’s key IT projects and new systems, the exchange said in a statement.

The forum opened with a panel discussion moderated by the exchange’s chief executive Alexander Afanasiev. The panel’s Russian members included ex-finance minister Alexei Kudrin, who heads the bourse’s supervisory board, central bank first deputy governor Sergey Shvetsov, Deputy Finance Minister Alexey Moiseev, and Deputy Economic Development Minister Nikolai Podguzov.

The founder of Prosperity Capital Management, Mattias Westman, was also on the panel.

“We were pleased to see such strong interest from the UK investment community in Russian market structure and the upgrades we are making to ensure Moscow maintains its position as a globally competitive financial centre,” the statement quoted Afanasiev as saying.

CNBC was media partner for the forum, which was webcast live by the Chartered Institute for Securities and Investment (CISI). A full recording will be available via the CISI website, www.cisi.org.

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