XXVI International Financial Congress

hosted by the Central Bank of the Russian Federation

July 12–14, 2017 St. Petersburg

  • Finance for Development
  • Finance for Development
  • Finance for Development
  • Finance for Development
  • Finance for Development
  • Finance for Development
  • Finance for Development
  • Finance for Development
  • Finance for Development
  • Finance for Development
  • Finance for Development
  • Finance for Development

News

    02.08.2016

    Dates set for 26th International Financial Congress 2017

    The 26th International Financial Congress will take place from July 12–14, 2017 in St. Petersburg in accordance with the decision of the Central Bank of the Russian Federation.

    01.07.2016

    Central Bank to Review Banks’ Credit Portfolios for Technical Loans on Quarterly Basis

    The Central Bank of Russia plans to review 100% of banks’ credit portfolios for technical loans on a quarterly basis. It was announced  by Anna Orlenko, the Director of the Banking Supervision Department, at the International Financial Congress in Saint-Petersburg.

    Ms. Orlenko commented: “We’re starting the review practice. Although it requires a lot of effort, we’ll reach the objectives. And I’m sure we’ll be able to review 100% of loans every quarter”.

    01.07.2016

    Nouriel Roubini on Global and Russian Economy

    Presenting key points of Nouriel Roubini’s speech at the International Financial Congress in Saint-Petersburg .Mr. Roubini the Head of Roubini Macro Associates.

    01.07.2016

    Russia’s Bond Market Has Great Potential

    Elvira Nabiullina, the Governor of the Bank of Russia, believes Russia’s bond market has a great potential.  

    Ms. Nabiullina stated at the International Financial Congress: “The bond market is actively developing, while its potential is bigger than its current capacity”. 

    01.07.2016

    Elvira Nabiullina Describes Russia’s Financial Sector as Uneven

    Saint-Petersburg, July 1 — Elvira Nabiullina, the Governor of the Bank of Russia, announced at the International Financial Congress that Russia’s financial sector is unevenly developed, as most of the assets are controlled by banks.

    01.07.2016

    Ministry of Finance Ready to Equal Taxation for Bonds and Deposits

    Russia’s Minister of Finance Anton Siluanov announced that the Ministry is ready to equal taxation for bank deposits and corporate bonds. The latter will no longer be subject to income tax.   

    At the International Financial Congress Mr. Siluanov commented: “We’ll reduce the rates [of the income tax] for those facilities that invest in corporate bonds. The new tax rates will be comparable to those for the deposits”. The Minister reminded that the Government had already made the decision.

    01.07.2016

    VTB Expects to Attract 20 Million Customers Within 5—6 Years

    Andrey Kostin, the Chairman and the President of VTB, announced that the bank is planning to expand its chain in the regions and become just as close to the people as convenience stores.  

    Mr. Kostin said at the International Financial Congress: “We are going to use all cutting edge technologies, including phone and IT banking, but we still believe that banks need to be just as available as convenience stores. It’s a great competitive strength, as it creates a comfortable environment, and therefore a higher demand for banking services”.

    01.07.2016

    Dmitry Tulin: Bank of Russia May Do Trial Bond Issuance in November

    Dmitry Tulin, the First Deputy Governor of the Bank of Russia, announced that the Bank of Russia may do a trial issuance in November.  

    01.07.2016

    Bank of Russia Adjusts Business Plan for National Reinsurance Company

    Vladimir Chistyukhin, the Deputy Governor of the Bank of Russia, announced at the International Financial Congress that the Bank of Russia will make adjustments to the original business plan for the National Reinsurance Company (NRC).

    “The business plan that was initially presented needs to be amended,” — he commented.

    30.06.2016

    Yury Isaev: new Central Bank credit of RUB 180 billion will suffice for the Deposit Insurance Agency until the end of 2016

    New Central Bank credit of RUB 180 billion will suffice for the DepositInsuranceAgency (DIA)until the end ofthe year, TASS was told on the sidelines of the International Financial Congress by Yury Isaev, head of the Agency.

    “Should we need any more money, we will ask the Central Bank for it. Sofar, webelievewehaveenoughfinancingforthe estimated horizon. Asforme, I believe that, with such a (credit) limit, we should be able to exist until the end of the year,”he said.

    30.06.2016

    Stephen King names currency wars the key risk for the global economy

    One of the key problems for the global economy today is currency wars. This was what Stephen King, Global Chief Economist of the UK financial corporation HSBC, stated on Thursday, June 30, at the International Financial Congress in St. Petersburg, according to a Lenta.ru correspondent.

    This was his answer to a question from Bank of Russia Governor Elvira Nabiullina, asking him to list the main global risks. “I have a very long list of things that concern me,” Mr. King said.

    30.06.2016

    St. Petersburg and the Central Bank of Russia have signed a Memorandum on creating a Unified St. Petersburg Resident Card

    The XXV International Financial Congress has opened in St. Petersburg in the Presidential Library.

    This year, the Congress has a different format: the discussions will cover not just banking but the entire financial sector.

    30.06.2016

    Russia’s Central Bank to take special approach to regional banks

    The Bank of Russia intends to introduce a special approach to regional banks and discuss the issue of simplifying regulations for such banks with the banking community, announced Central Bank Governor Elvira Nabiullina.

    30.06.2016

    Bank of Russia to increase equity requirement to be met by federal banks to RUB 1 billion

    Nabiullina says bank equity requirements currently applied by Russia’s Eurasian Economic Community partners are already higher

    The Bank of Russia is planning to increase the future requirement for the minimum amount of funds (equity) to be held by federal banks to RUB 1 billion, Elvira Nabiullina, Governor of the Bank of Russia, told the International Financial Congress on Thursday.

    30.06.2016

    The Central Bank intends to set up a fund for financial rehabilitation of banks

    The Central Bank intends to set up a fund for consolidation of the capital of banks undergoing financial rehabilitation by the Bank of Russia, after which they will be sold on the market, according to Central Bank Governor Elvira Nabiullina, speaking at the International Financial Congress. The Fund will be managed by a special management company.

    30.06.2016

    The Central Bank considers low inflation to be a condition for investment growth of the economy

    The Central Bank’s aim with respect to reducing inflation is to achieve investment growth of the GDP, according to Governor of the Central Bank Elvira Nabiullina.

    “Low inflation is essentially a condition for investment type of economic growth,” Ms.Nabiullinasaid during her speech at the International Financial Congress.

    30.06.2016

    The Central Bank believes this year will see a bill on bank financial rehabilitation through bail-in

    AccordingtoDeputyGovernorMikhailSukhov, the increase in payments into the Mandatory Reserve Fund will not affect profitability of the banking sector

    ST. PETERSBURG, June, 30. /TASS/. TheCentralBankbelievesthisyearwillseea bill on bank financial rehabilitation through bail-in, Bank of Russia Deputy Governor Mikhail Sukhov told journalists on the sidelines of the International Financial Congress.

    30.06.2016

    Governor of the Bank of Russia: “No rapid return to high oil prices is foreseen”

    No rapid return to high oil prices is foreseen, according Elvira Nabiullina, Governor of the Bank of Russia, speaking at the International Financial Congress in St. Petersburg, a Банки.ру correspondent states.

    28.06.2016

    Protecting consumer rights

    The regulator deems protecting the rights of financial services consumers and improving public trust in financial markets to be its most important task

    Protecting the rights of financial services consumers has become the number one priority on the list of primary areas for development of the financial market in 2016–2018, since it is an important condition for ensuring public trust in the sector. In turn, such trust will make it possible to achieve the key objective of the Bank of Russia: to improve people’s living standards and quality of life by using financial market tools.

    22.06.2016

    Financial market will not be allowed to damage business reputation

    Regulators and SROs are to consider general assessment criteria 

    The approach to determining the criteria for assessing the business reputation, qualifications, and financial status of founders, management bodies, and officials of financial companies may be set to change. This issue will be discussed at a roundtable to be held at the 25th International Financial Congress.

    15.06.2016

    The future of money and money of the future

    The future of money and money of the future will be discussed at the roundtable “Cash circulation and non-cash payment strategy. Vision of the regulator and market participants”, which will be held on June 30 as part of the 25th International Financial Congress in St. Petersburg.

    10.06.2016

    Trustees Want Trust

    The market and regulator are to discuss how to make investments in Mutual Investment Funds (MIFs) more popular

    According to the latest CB data, fiduciary management agreements account for a minimal share of agreements concluded by professional stock market players with their clients. Yet it is in this sector that we see the highest client activity. At the roundtable “Fiduciary Management: Prospects of the Industry” on June 30, Representatives of the industry, the regulator and SRO are to discuss ways to attract retail investors to the market for collective fiduciary management. 

    03.06.2016

    Bank of Russia to Develop Compliance Standards

    The financial market to get general guidelines

    CB, Moscow Exchange and Sberbank representatives are to discuss fair practices on the financial market. A roundtable devoted to in-house audit, in particular compliance procedures and development of professional judgment, will be held on 1 July, as part of the 25th International Financial Congress. One of the roundtable’s key topics will be developing unified standards for in-house audit by financial companies.

    31.05.2016

    International Financial Congress to Be Held from 29 June to 1 July at the Presidential Library

    The 25th International Financial Congress will be held from 29 June to 1 July at the Presidential Library named after Boris Yeltsin in St. Petersburg. The library is located in the historical centre of St. Petersburg close to St. Isaac’s Cathedral and Senatskaya Square. This year, the Congress is devoted not only to the banking business but also to the finance industry in general.

    19.05.2016

    The future of financial markets to be discussed at the International Financial Congress this summer in St. Petersburg

    The business programme has been published of the XXV International Financial Congress, which will take place from June 29 through July 1, 2016 in St. Petersburg. The key topic of the International Financial Congress 2016 is ‘The Future of Financial Markets’. The Congress is held by the Bank of Russia and the operator of the event is the Roscongress Foundation.

    17.05.2016

    Interview by Deputy Governor of the Bank of Russia Alexei Simanovskiy for the Interfax news agency

    The International Banking Congress held by the Bank of Russia for the 25th time has been renamed the International Financial Congress. Why the decision to change the name?
    This has to do with the fact that the Bank of Russia has been operating as a mega-regulator for the past two years, so we decided to broaden the focus of the Congress from just credit institutions to the financial industry as a whole. This year participation will be expanded, with representatives of non-banking credit institutions, insurance companies, pension funds and micro-lenders taking part in our Congress.

    05.06.2015

    Central bank of Russia: conservative budget policy is a cornerstone of macroeconomic stability

    Conservative budget policy is a cornerstone of macroeconomic stability said Governor of Central Bank of Russia Elvira Nabiullina during a dialogue with Anton Siluanov, the Minister of Finance of Russian Federation during the International Banking Congress. 

    04.06.2015

    Russian Central bank is considering the introduction of liquidity coverage ratio for 20 of the largest banks.

    CB of Russia is considering introduction of liquidity coverage ratio (LCR) for 20 largest bank of Russia, said deputy governor of CB of Russia Vassily Pozdishev on Thursday during a press conference at the 24th International Banking Congress in St Petersburg.

    04.06.2015

    Georgy Poltavchenko spoke at the opening of the Banking Congress

    The 24th International Banking Congress opened in St Peterbsurg today. St Petersburg Governor Georgy Poltavchenko spoke at the opening ceremony that had been attended by the Governor of the Central Bank of Russia Elvira Nabiullina. 

    04.06.2015

    Nabiullina: Russia’s financial system has adapted to the new reality

    Russia’s financial system and balance of payments have adapted to the new reality, where the country’s economy still hasn’t, said the Governor of the Central Bank of Russia Elvira Nabiullina.

    04.06.2015

    Government managed to neutralize financial instability risks

    The government of Russian Federation for the most part managed to neutralize the risks of financial instability in the extraordinary situation of the past year, said the Governor of the Central Bank of Russia Elvira Nabiullina.

    29.01.2015

    The programme for the XXIV International Banking Congress has been finalized. The general theme of IBC-2015 will be “The Financial Industry: Challenges and Solutions?”

    The XXIV International Banking Congress, will take place in St. Petersburg on June 3–5, 2015, under the theme The Financial Industry: Challenges and Solutions.

    The Central Bank proposes introducing new restrictions for private investors

    The Bank of Russia proposes introducing new restrictions for private investors, limiting the list of instruments in which they may invest funds of individuals without experience and education

    The Bank of Russia is proposing to raise the requirements on qualified investors and introduce a new category of ‘professional investor’. This is mentioned in a speech (available to RBC) given by Mikhail Mamuta, head of the Bank of Russia Service for Protection of Financial Services Consumers and Minority Shareholders, at the XXV International Financial Congress in St. Petersburg.

    Nabiullina calls Brexit a “black swan” for the financial markets

    This year’s referendum on the UK’s exit from the European Union was a “black swan” for the financial markets, according the Governor of the Bank of Russia Elvira Nabiullina, speaking at the International Financial Congress.