Wednesday, June 1, 2011

Will Moscow an international financial center?

Experts bet on success in building an economic giant in the world. About two years ago, President Dmitry Medvedev voiced the idea of ??turning Moscow into an international financial center (MFC), comparable to New York, Gonkognom or London. What has been done to implement the plans? - On these and other questions sought to answer the conference "Promising strategies of banks 2011-2012", organized by the agency "National Business Forum" in the loop "Financial Forum 2011". A report on the topic: "Prospects of the MFC in Russia" by the chairman of the board of trustees of the Institute of Post-Crisis World Yuri Danilov. "MFC - is not a building in the heart of the capital, and national financial market at the present stage of development" - he said. Under current conditions, blurring boundaries of capital is free to migrate to countries where the best conditions for investment. Experts fear that Moscow is unlikely to reach the level of the MFC. However, our country has a chance to create a regional financial center, which will pay attention to the CIS countries, Eastern Europe, Middle East and parts of Asia. In recent years, economic activity rates significantly increase, but this is not enough. Russia at times falls short of its partners in the group BRIX. Direct competition in the near future could make Poland, Turkey and Kazakhstan (the last country from Russia took about four hundred companies because of more favorable tax conditions). One of the main enemies of the backlog Danilov called departmental interests of ministries, which are traded among themselves and significant obstacles to implementing the state program for the creation of the MFC. Another problem is the lack of highly qualified economists - students in local universities to learn the translated foreign books decades ago. "We still have chances to create the MFC in Russia, but they quickly melt away" - concluded Yuri Danilov. About departmental combat bet Advisor of the Corporate Governance Economic Development of Russia Denis Parlicov. Clerk immediately said that in 2010 the Russian market grew, so did not work like other major players: the MICEX index rose by 22,5%, while DouDzhons added only 11%, and high-tech index Nikkei fell by 3% . With sales of securities in the financial market reached 5.8 billion rubles., Russia is on the 3 rd place in the world of transactions M & A (mergers and acquisitions). "Not all so bad," - said the expert. According Parlikova, out of 48 activities to build MFC performed for 18 and 3 / 4 plan is in operation. A leading role in the establishment of MFC have to play the banks. According to these plans in 2011 in Russia should be laws that define the term "metal accounts (deposit of valuable metals) and put into circulation irrevocable contributions of individuals. Realized by the government measures will create favorable conditions to attract capital - the expert said. At the conference, its vision of financial development is also presented: the president of "Neocon" Mikhail Khazin, Director of Retail Lending Sberbank Natalia Karasev, senior vice president of the agency inspector Sergey Shpeter and others. Financial Forum 2011 "- a series of conferences, whose goal is to identify and implement necessary for the development of Russia's financial system forms and mechanisms of the relationship with regulators, consumers and competitors.

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