FINANCIAL SYSTEM IN THE CONTEXT OF MACROECONOMIC STABILITY: NEW OPPORTUNITIES AND OLD RESTRICTIONS
January 15, 2020, 14:30 – 16:30, Building 5, Floor 4, White Hall
The new conditions have led to a massive withdrawal of household savings from the banking sector to non-banking financial institutions, which has created an important prerequisite for long-term investment. However, this process has not yet been supported by relevant changes in the regulatory policy, such as a higher level of investor protection, introduction of conduct supervision, and reduction of supervisory burden. Expectations of a new global crisis have a significant impact on financial development; therefore, accurate forecasting and effective mitigation of its effects are becoming ever more relevant.
Issues for Discussion
- Investor protection: protect or prohibit?
- Deficit of conduct supervision: costs for consumers of financial services.
- Financial inclusion versus financial stability: is there an optimum?
- Financial development policy for the next 10 years: main priorities.
- Global crisis: when to expect and how to prepare?
- The financial structure of Russia as an absorber / amplifier of external shocks.
- Factors affecting the stock market development.
Moderator
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Alexey Vedev
Head, Laboratory for Structural Research, RANEPA
Participants
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Mikhail Mamuta
Director, Service for Consumers’ Rights Protection and Financial Service Availability, Bank of Russia
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Aleksey Savatyugin
Auditor, the Accounts Chamber of the Russian Federation
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Alexey Timofeev
President, National Association of Securities Market Participants
Experts
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Oleg Buklemishev
Director, Center for Economic Policy Research, Faculty of Economics, Lomonosov Moscow State University
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Yury Danilov
Senior Research Fellow, Laboratory for Structural Research, RANEPA
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Kirill Lukashuk
Director General, NCR Rating Agency
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Yana Pureskina
Director of the Financial Policy Department, Ministry of Finance of the Russian Federation
- Investor protection: protect or prohibit?
- Deficit of conduct supervision: costs for consumers of financial services.
- Financial inclusion versus financial stability: is there an optimum?
- Financial development policy for the next 10 years: main priorities.
- Global crisis: when to expect and how to prepare?
- The financial structure of Russia as an absorber / amplifier of external shocks.
- Factors affecting the stock market development.
- Investor protection: protect or prohibit?
- Deficit of conduct supervision: costs for consumers of financial services.
- Financial inclusion versus financial stability: is there an optimum?
- Financial development policy for the next 10 years: main priorities.
- Global crisis: when to expect and how to prepare?
- The financial structure of Russia as an absorber / amplifier of external shocks.
- Factors affecting the stock market development.
- Investor protection: protect or prohibit?
- Deficit of conduct supervision: costs for consumers of financial services.
- Financial inclusion versus financial stability: is there an optimum?
- Financial development policy for the next 10 years: main priorities.
- Global crisis: when to expect and how to prepare?
- The financial structure of Russia as an absorber / amplifier of external shocks.
- Factors affecting the stock market development.
The new conditions have led to a massive withdrawal of household savings from the banking sector to non-banking financial institutions, which has created an important prerequisite for long-term investment. However, this process has not yet been supported by relevant changes in the regulatory policy, such as a higher level of investor protection, introduction of conduct supervision, and reduction of supervisory burden. Expectations of a new global crisis have a significant impact on financial development; therefore, accurate forecasting and effective mitigation of its effects are becoming ever more relevant.
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