MIFC: Key Facts

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

Task Assignments

06.12.2011 / Moscow

Task Assignments given by the President of the Russian Federation following the MIFC International Advisory Board session
on 28 October 2011.

Events Calendar

April 2019

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.

Our progress / Hot Topics

Trading infrastructure

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CB Expects Rouble Bond Market Growth

07.10.2015 12:00 / Interfax

Central Bank’s First Deputy Chairman Sergey Shvetsov expects growth in Rouble bond market activity.

“I think that activity in the Rouble bond market is set to grow, because the turmoil in economy is calming down. I think we have passed the lowest ebb and as the Bank of Russia lowers the interest rates and yield curves stabilize, issuers will develop an appetite for bonds”, Shvetsov told the press at the MOEX Forum.

He pointed out that the CB is currently developing new bond market instruments, including a short-term corporate bonds program.

“I think we will promote this instrument next year. I hope that we will give Russia a short-term bond market”, said Shvetsov.

He said that the short-term bond program will be fully included in the CB Lombard List.

“Today, it is less important whether securities are in the Lombard List or not, less than 40% of them have been pledged, there is a lot of free collateral about. When MOEX launches centralized clearing for OTC derivatives, collateral will be in demand. I see next year as balanced – we will no longer see extremes, when up to 80% of the bond market belonged to the Bank of Russia as REPO collateral, there will be more liquidity in the market”, added Shvetsov.

He stressed that the regulator will pave the way for bonds to replace bank financing for top tier business, since high-ranking performers are well suited for the capital market, where loans are cheaper.

“I think more prime-borrowers will be leaving the banking sector, giving a boost to the bond market”, said Shvetsov.

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