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Presidential Executive Office2025
Events

Meeting on establishing International Financial Centre in Russia

At a meeting on establishing International Financial Centre in Russia, Dmitry Medvedev stated that improving Russia’s investment climate requires a systemic approach. Challenges to improve the climate are being resolved at various levels, including Presidential, Governmental and local levels.

December 29, 2010
16:00
Moscow
Speech at meeting on establishing international financial centre in Russia.
Meeting on creating international financial centre in Russia.
Visiting Customer Operations Support Centre at Sberbank of Russia.
Visiting Customer Operations Support Centre at Sberbank of Russia.
Visiting Customer Operations Support Centre at Sberbank of Russia. With Sberbank President and CEO German Gref (left).
Visiting Customer Operations Support Centre at Sberbank of Russia. With Sberbank President and CEO German Gref.
Visiting Customer Operations Support Centre at Sberbank of Russia. With Sberbank President and CEO German Gref.
Visiting Customer Operations Support Centre at Sberbank of Russia. With Sberbank President and CEO German Gref.

The President noted than in 2010 significant progress was made in resolving issues concerning the establishment of an International Financial Centre. In particular, a working group was created within the framework of the Council for the Financial Market Development, and a law was passed on counteracting the unlawful use of insider information and market manipulation. Furthermore, the President announced the establishment of an advisory board on developing the International Financial Centre.

In Mr Medvedev’s opinion, it is essential to continue working on amending the Civil Code, revising the legislation on stock markets and the organisation of trading, clearing activities, and the central depository.

The meeting took place at the Customer Operations Support Centre at Sberbank of Russia, where Dmitry Medvedev had a look at the cutting-edge banking technologies.

The President saw a demonstration of Europe’s largest data processing centre project, which will begin operations in 2012 and will centralise information resources of all regional Sberbank branches throughout Russia.

See also

Opening remarks at the meeting on establishing International Financial Centre in Russia
December 29, 2010

Topics

  • Banks
  • Economy and finance

Publication status

Published in section: News

Publication date: December 29, 2010, 16:00

Direct link: en.kremlin.ru/d/9955

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Official Website of the President of Russia:

Meeting on establishing International Financial Centre in Russia

http://en.kremlin.ru/events/president/news/9955

Last updated at March 20, 2015, 18:01

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