MIFC: Key Facts

A source of basic facts about the International Financial Centre in Moscow

MIFC Roadmap

03.11.2015 MIFC / Moscow

MIFC Roadmap: Making progress.
October 2015


01.07.2013 MIFC / Moscow

MIFC Roadmap


01.07.2013 MIFC / Moscow

Interview with Alexander Voloshin

MIFC Events

11.02.2015 / Moscow

"New Technologies for Easier Access to Financial Services" Survey Presented

Events Calendar

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Media Coverage

29.01.2014 / Interfax

Russia #3 Worldwide in Foreign Direct Investment

FDI in developing and transitional economies hit record highs in 2013, according to United Nations Conference on Trade and Development (UNCTAD) report.

06.04.2013 / Kommersant

Central Bank Builds Financial Center

FFMS merger with the CB will significantly improve regulation – as expected by reform participants and instigators alike. Yesterday the Bank of Russia, FFMS and Minfin reps made a public presentation of the financial megaregulator, as the process has entered implementation stage. In the meantime, MIFC mastermind Alexander Voloshin sees the future unification of oversight as a key milestone for Moscow as International Financial Center.

29.01.2013 / Interfax

MIFC Location to be Determined by Workgroup

Russian Prime Minister Dmitry Medvedev is planning to establish a workgroup to determine the location of Moscow International Financial Center (MIFC) infrastructure.

Personalia
Pankin D.

Dmitry Pankin

Chairman of the Management Board of The Eurasian Development Bank

 

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Media (41)

20.08.2013 21:13 / Interfax

FFMS Head Pankin Will Not Join CB

Head of Federal Financial Markets Service Dmitry Pankin will not submit a transfer request to the Central Bank of Russia, taking over FFMS from 1 September. “I have taken a personal decision to not apply”, Pankin told Interfax.

15.02.2013 13:05 / Interfax

Moscow Exchange IPO Heralds Russian Privatizations

The Moscow Exchange IPO is a starting gun for privatizations in Russia, said Head of Federal Financial Markets Service Dmitry Pankin at the opening ceremony of the Stock Exchange share trading on Friday.

04.02.2013 19:34 / Vedomosti

What’s Stopping Foreigners from Investing in Russian Shares

“Privatization should service the development and capitalization of our own stock market, not heat foreign trading floors”, said President Putin recently, putting an end to a long-running debate on the best state company public offering option.

14.12.2012 14:21 / forbes.ru

FFMS to Join Central Bank in 2 Years

The Russian Government has passed a decision to integrate the Federal Financial Markets Service with the Central Bank in 18 months – 2 years, said Finance Minister Anton Siluanov on Friday 14 December as quoted by RIA Novosti.

19.11.2012 16:07 / «Kommersant-Online»

Russian Central Depositary Fully Operational 30 March 2013

The Russian Central Depositary will become fully operational starting from 30 March 2013, Head of Federal Financial Markets Service (FFMS) Dmitry Pankin told the press 19 November.

15.11.2012 13:20 / Interfax

FFMS Urges Moscow Exchange to Improve IT Support

Federal Financial Markets Service (FFMS) has once again urged Moscow Exchange MICEX-RTS to improve its IT support.

08.11.2012 10:30 / Interfax

FFMS to Change Capital Requirements for Licensed Participants

Federal Financial Markets Service (FFMS) plans to change the approach to amount and calculation of licensed stock market participants’ capital, said FFMS Head Dmitry Pankin on Thursday.

07.11.2012 19:02 / Finam.ru

Moscow IFC: Central Depositary in Place, Now Megaregulator?

The concept of unified financial markets regulation and oversight is nothing new. Attempts to create a so-called megaregulator in Russia were made in 1999 and 2006, the latter resulting in a draft bill by the State Duma Committee, its introduction postponed indefinitely. This year the initiative has been given another chance among much controversy.

06.11.2012 20:01 / Interfax

FFMS Stands For Creating Agency At Central Bank In Frames Of Megaregulator Building

Head of the Federal Financial Markets Service (FFMS) Dmitry Pankin stands for creating a special agency at the Central Bank of Russia in frames of the reform on regulating and supervising financial markets.

24.10.2012 16:29 / Interfax

FFMS Boost Named Possible Megaregulator Scenario

Russian Prime Minister Dmitry Medvedev allowed a month for analysis of megaregulator scenarios, including possible preservation of Federal Financial Markets Service (FFMS).

22.10.2012 19:12 / Kommersant

Conversion Sans Frontiers: FFMS Wants to Return IPO Market to Russia

Federal Financial Markets Service (FFMS) intends to return IPOs to the Russian market. The regulator proposes Russian IPOs to issuers in return for unlimited placement abroad. Market participants, however, doubt the success of the initiative: the Russian market is missing investors, not schemes.

19.10.2012 13:23 / Interfax

FFMS Considers Lifting DR Conversion Restrictions for Russian Placements

Federal Financial Market Service is considering an abolishment of depositary receipts (DR) conversion restrictions for shares placed in Russia, said Head of FFMS Dmitry Pankin.

19.10.2012 11:36 / Interfax

Government Debate on Megaregulator Expected 24 October

Government debate on the megaregulator may take place 24 October, Head of Federal Financial Market Service (FFMS) Dmitry Pankin told the press on Friday.

11.10.2012 15:20 / vedomosti.ru

Russian Central Depositary Could Lose Foreign Investor Appeal

By November, the Central Depositary will allow foreign investors access to the domestic financial market, making the registration of title to securities more transparent, President Putin promised last week.

09.10.2012 20:28 / RIA Novosti

Experts: Failures In Mega Regulator Creation May Do Harm To Economy

RIA Novosti round table guests believe, the currently discussed solutions on creating a financial market mega regulator are badly worked out and have no base.

25.09.2012 15:04 / Interfax

Ministry of Justice Registers FFMS Decree Allowing Euroclear and Clearstream Access to Russia

On 20 September, the Russian Ministry of Justice registered FFMS decree on Appointed Foreign Central Depositary Nominees, according to Minfin release.

21.09.2012 20:32 / Interfax

FFMS Still Unclear on Forex Regulation

Federal Financial Market Service (FFMS) has not taken a clear standpoint on Forex market regulation, FFMS Head Dmitry Pankin told the press at Sochi International Investment Forum.

21.09.2012 13:54 / Interfax

Financial Ministries Agree to Central Bank as Megaregulator

Minfin, Central Bank and Federal Financial Markets Service (FFMS) have agreed to transfer regulatory functions to the Bank of Russia, except for legislative powers, to be retained by Minfin.

18.09.2012 12:08 / Interfax

FFMS Backs Russian Part of Sberbank SPO

Federal Financial Markets Service (FFMS) welcomes partial SPO of Sberbank ordinary shares on the Russian stock exchange, said Head of FFMS Dmitry Pankin.

18.09.2012 08:01 / Interfax

Fewer Licensed Participants in Recent Years

The number of licensed stock market participants in recent years has been on the wane, Head of FFMS Dmitry Pankin told the press on Monday.

16.08.2012 / vedomosti.ru

Minfin Drafts MIFC Roadmap

The Ministry of Finance has circulated a draft MIFC Roadmap 2015, according to a ministry source.

04.07.2012 19:49 / Interfax

FFMS May Take Back Functions from Finance Ministry

The Federal Financial Markets Service (FFMS) may take back the functions transferred out of its purview to the Finance Ministry a year ago.

29.06.2012 08:01 / Interfax

Clearstream and Euroclear Will Access State Bonds by 1 July 2014

By 1 July 2014, Federal Financial Markets Service (FFMS) will open access to the state bonds market only for Clearstream International SA (Luxembourg) and Euroclear Bank SA/NV (Belgium), among other 136 companies eligible for foreign nominee account opening at the Central Depositary.

27.06.2012 13:41 / Interfax

Licensed Participants Ask Regulators to Review Capital Adequacy Ratio

National Association of Stock Market Participants (NAUFOR) and National Fund Managers League have proposed a review of the formula and limit of proprietary capital adequacy ratio for securities market participants and fund managers.

24.04.2012 14:22 / Interfax

Ministry of Finance Pushes Capital Requirements for Licensed Participants

The Russian Ministry of Finance favors higher proprietary capital requirements for licensed stock market participants, Deputy Minister Alexey Savatygin told the press on Tuesday.

20.04.2012 22:23 / Interfax

Euroclear and Clearstream May Be Denied Direct Presence in Russia

By majority vote on Friday, The Presidential Financial Market Council Workgroup passed a decision to deny international settlement systems the right to open nominee accounts at the Russian Central Depositary, according to three Workgroup session participants.

12.04.2012 14:54 / Interfax

FFMS to Discuss Euroclear and Clearstream Accounts with Market, says Pankin

FFMS is willing to hear Russian stock market participants’ ideas on Central Depositary, which, they fear, in its present form could potentially strip them of a major part of their business.

29.03.2012 20:16 / Interfax

FFMS Drafts Simplified IPO Bill

The Federal Financial Market Service (FFMS) has drafted a bill to simplify IPO procedures, said Head of FFMS Dmitry Pankin.

01.02.2012 21:13 / Izvestia

Forex Sharks Ready for “Strong Hand”. The Ministry of Finance begins to tackle the issue of Forex regulation

The Forex Association came forward with an initiative that may seem paradox at first. It has forwarded proposals to the Ministry of Finance that may be instrumental in creating the legal framework for Forex regulation. “Izvestia” spoke to Sergey Krivoborodov, President of the Financial Instruments Regulation Centre (CRFIN), the self-regulatory organization (SRO) of Forex companies.

26.01.2012 20:49 / Interfax

FFMS May Gain Access to Bank Accounts

The Federal Financial Markets Service (FFMS) may gain access to bank accounts in order to join the International Organization of Securities Commissions (IOSCO) Multilateral Memorandum of Understanding: memorandum of understanding.

16.01.2012 09:56 / Interfax

FFMS Says Warsaw Stock Exchange is Main MICEX-RTS Competitor

Head of the Federal Financial Markets Service (FFMS) Dmitry Pankin thinks that stock exchange competition after the MICEX and RTS merger rose to international level, while the major competitor of the new Russian stock exchange is not the London Stock Exchange (LSE), but the Polish trading platform.

19.12.2011 15:42 / Interfax

Voloshin - Stock Exchanges Merger will Help Establish International Financial Centre in Russia

"Undoubtedly, this event is important for the MIFC establishment. This is a work result within each of the two exchanges. I am sure, that a joint stock exchange will become one of the best in the world", said the Head of MIFC Taskforce in Russia Alexander Voloshin during the opening ceremony at the combined MICEX-RTS Stock Exchange.

19.12.2011 11:30 / MICEX-RTS

Russia`s MICEX, RTS exchanges unified trading platform opening

On the 19th of December 2011 at 10.00 a.m., a MICEX-RTS unified trading platform opened. Alexander Voloshin, head of MIFC Taskforce, and Dmitry Pankin, head of Federal Financial Market Service (FFMS) triumphantly struck the bell.

26.10.2011 12:15 / AK&M – Online News

Federal Financial Markets Service has plans for Moscow as a Financial Centre

Federal Financial Markets Service is planning to take a number of steps to develop Moscow as a Financial Centre, Dmitry Pankin said during Mosinterfin Moscow Financial Week, organized by the Financiers Guild and City & Financial Global Limited.

25.10.2011 21:21 / Interfax

FFSM to Exchange Data with Foreign Regulators

Federal Financial Markets Service (FFSM) Head Dmitry Pankin spoke to the press Tuesday on the Service 2011-2012 priorities and possible amendments to the agenda due to Government changes.

25.10.2011 13:10 / Interfax

Four new Expert Advisory Boards for the Federal Financial Markets Service

Four Expert Advisory Boards will be created for the Federal Financial Markets Service in the nearest future, said Head of FSFM Dmitry Pankin.

25.10.2011 10:00 / Russian Business Gazette

Humble Beginnings

“There is almost everything” in place for the Moscow International Financial Center, said FFSM Head Dmitry Pankin at Mosinterfin 2011 Financial Week event in Moscow. “The centre is a complicated process”, tells us President of the Russian Exchange Union Anatoliy Gavrilenko

21.10.2011 14:19 / Interfax

Pankin Succeeds Savatugin as Secretary of President’s Financial Market Council

Russia’s Deputy Minister of Finance Alexei Savatugin has stepped down as Secretary of President’s Financial Market Council, following a Presidential decree of 18 October.

18.10.2011 18:46 / Interfax

FFMS to Lift Foreign IPO Restrictions When CD Bill is Enacted

The restrictions on placements abroad will be lifted when the Central Depositary bill has been enacted, said Dmitry Pankin, Head of the Federal Financial Market Service (FFMS).

17.06.2011 10:00 / Vedomosti

Shuvalov: modernization will not succeed without foreign investment

During the St-Petersburg International Economic Forum, a panel discussion on "International Economic Centre Development" took place. The moderator, First Deputy President of VTB Yuri Soloviev asked why Russia needs an IFC. Russia is forming for itself the order for modernization and accelerated development, and any "new Russia" initiatives need significant funds, the first Deputy Prime Minister Igor Shuvalov answered.

07.06.2011 12:22 / Interfax

Pankin: Duma could adopt centralized depositary law in autumn.

FSFM Head Dmitry Pankin hopes the State Duma will adopt the Centralized Depositary Act in autumn.