Date: 4 days ago   Category: Finance

The Central Bank called premature introduction of licensing of traders — Rambler News Service


Photo: to Tell globallookpress.com/Frank Rumpenhorst about need of licensing of traders at the exchange auction of goods now at least it is premature, RNS in the press service of the Central Bank reported. "According to the Bank of Russia to speak about need of licensing of traders at the exchange auction of goods at least prematurely now" — it is said in the statement. The Central Bank noted that in the majority of the countries of the world bidders are the licensed financial intermediaries, and the Russian legislation allows to allow prior to the auction of goods any legal entity and even individual entrepreneurs. "Certainly, understanding of features of work of the exchange, the practician of trade behavior and the attitude of the regulator towards them at the licensed organizations and not licensed very different. At the same time, we believe that the existing mechanisms provided in the legislation on the organized auction give to the exchanges sufficient authority on establishment of requirements to bidders and their subsequent control" — explained in the Central Bank. It is noted that the Bank of Russia drew the attention of St. Petersburg International Commodity Exchange to need of establishment of additional requirements for the admission of participants to the auction directed to increase in transparency of the auction and differentiation of bidders on clear categories depending on in what the trader is engaged. It is explained that bidders can be including brokers, executing an order of clients, speculators who resell goods at the extra exchange, end users, participants of tenders for deliveries. At the same time now the existing rules of admission of the exchange do not divide participants on functionality in any way. Corresponding changes were offered the exchange on study and discussed on Exchange committee FULL FACE of Russia on January 30. The Bank of Russia believes that establishment of additional requirements to participants will allow the exchange by clear rules to exercise control of participants and to stop unfair behavior, taking into account features of functionality. The Central Bank believes that at a stage of formation of organized commodity market additional regulation can be pernicious, at the same time rules can be established by the exchange, taking into account opinion of bidders. The Bank of Russia will exercise supervision of that as the exchange controls the participants and to give the assessment to actions of the exchange.

URL:

The Ministry of Finance of the Russian Federation assesses confirmation of the long-term credit rating of Russia by the Fitch agency at the current "investment" VVV — level with the positive forecast positively, declared in the press service of the Ministry of Finance. "The Ministry of Finance of the Russian Federation assesses confirmation of the...


Photo: News/Ramil Sitdikov the Founder of Baring Vostok investment fund Michael Kalvi is sure by RIA of the innocence, his lawyer Dmitry Kletochkin told journalists. "Michael Kalvi is absolutely confident in the innocence and considers that over time when all facts become known, the case will be dismissed" — he said. Earlier the court prolonged the...


The price of Brent crude oil rose higher than $66 for barrel, data of the trading of the Intercontinental exchange (ICE) demonstrate. As of 20:57 Moscow time cost of April futures for Brent grew to $66.04 for barrel. On November 20 last year the price of Brent crude oil reached $66.9 for barrel then passed to decrease. The minimum was recorded on D...


Photo: Sergey of Bobyliov/TASS Basmanny Court of Moscow postponed decision-making according to the petition of the investigation for arrest of the founder of Baring Vostok Michael Kalvi for February 16, the correspondent of RNS from the courtroom tells. The term of detention of the businessman is prolonged for 72 hours. "The court decided to prolon...


The Russian Direct Investment Fund (RDIF), Siemens Mobility and economic partnership "The Ural high-speed highway" agreed about implementation of the project on construction of the high speed railway line Chelyabinsk – Yekaterinburg, the press service of RPFI reported. "The total amount of investments into the project is more than 300 billion ruble...


The U.S. President Donald Trump declared that he already signed documents on imposition of the state of emergency on border with Mexico to achieve assignment for construction of a wall, the Associated Press agency reported. The American president did not specify when state of emergency is announced. Trump also said that he expects submission of cla...