A socially oriented non-financial development institution and a major organizer of nationwide and international conventions; exhibitions; and business, public, youth, sporting, and cultural events.

The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of nationwide and international conventions; exhibitions; and business, public, youth, sporting, and cultural events. It was established in pursuance of a decision by the President of the Russian Federation.

The Foundation was established in 2007 with the aim of facilitating the development of Russia’s economic potential, promoting its national interests, and strengthening the country’s image. One of the roles of the Foundation is to comprehensively evaluate, analyse, and cover issues on the Russian and global economic agendas. It also offers administrative services, provides promotional support for business projects and attracting investment, helps foster social entrepreneurship and charitable initiatives.

Each year, the Foundation’s events draw participants from 208 countries and territories, with more than 15,000 media representatives working on-site at Roscongress’ various venues. The Foundation benefits from analytical and professional expertise provided by 5,000 people working in Russia and abroad.

The Foundation works alongside various UN departments and other international organizations, and is building multi-format cooperation with 173 economic partners, including industrialists’ and entrepreneurs’ unions, financial, trade, and business associations from 78 countries worldwide, and 179 Russian public organizations, federal and legislative agencies, and federal subjects.

The Roscongress Foundation has Telegram channels in Russian t.me/Roscongress, English – t.me/RoscongressDirect, and Spanish t.me/RoscongressEsp. Official website and Information and Analytical System of the Roscongress Foundation: roscongress.org.

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International Financial Congress 2018

6-8 June 2018
St. Petersburg, Russia
List of sessions
Пленарная сессия	. Как регулирование влияет на устойчивость финансовой системы и экономический рост
7 June 2018 09:30
Plenary session. How Does Regulation Affect Financial System Stability and Economic Growth?
It has been ten years since the outbreak of the last financial crisis, when many countries faced the pressing issue of propping up and reorganizing their banking systems, and even their financial systems in general. As a result, regulators throughout the world saw the need for new approaches to regulation and recovery. This led to the development of Basel III, which includes new strategies for regulating financial institutions, markets, and infrastructure. Financial stability became the top priority for central banks and regulators. • What are the results of this process? • Where do we stand now? • What is the impact of this policy so far? And how will it impact financial stability and economic growth?
Панельная сессия I. Родовые травмы и приобретенные болезни российской банковской системы: на пути к выздоровлению
7 June 2018 11:15
Panel session I. Birth Traumas and Acquired Illnesses in the Russian Banking System: On the Way to Recovery
This panel session will discuss current trends and development prospects in the Russian banking sector. In many ways the stage Russian banks are currently going through is a result of the early days and subsequent development of the country’s banking system. The banking sector is facing new challenges now. However, there is a clear trend towards consolidation and recovery. The participants will attempt to explain the past, comprehend the present, and look into the future.
Панельная сессия II. Экономические тренды и их влияние на развитие финансового сектора
7 June 2018 12:45
Panel session II. How Economic Trends Will Shape the Financial Sector
This panel discussion will bring together economists and business leaders. They will focus on medium- and long-term economic trends in the Russian financial sector and its further development, as well as the impact the financial sector will have on companies’ growth and the economy in general. Naturally, the participants will address the role of the Bank of Russia and the Government in developing the Russian financial sector.
Круглый стол 1.1. Воздействие низкой инфляции на экономику
7 June 2018 15:00
Roundtable 1.1. The Impact of Low Inflation on the Economy
2017 saw the end of disinflation. The Bank of Russia is gradually transitioning to neutral monetary policy. Given its history of high and volatile inflation rates, this is a new reality for Russia, which will pave the way for new business models and drive consumer demand. The important objective is to reduce inflation expectations and their sensitivity to short-term price fluctuations.
Круглый стол 1.2. Модернизация банковского надзора: первые результаты
7 June 2018 15:00
Roundtable 1.2. Modernising Banking Supervision: Initial Results
Today’s challenges to sustainable development in the banking sector required reforms in the supervisory process to improve its quality and efficiency. We have achieved the first results and can already declare improvements in the interactions between the regulator and supervisory organisations. Banking sector participants are now beginning to respond to supervision, while supervision responds to shortcomings in banking operations and negative market trends more efficiently. How were these results achieved? What other key areas need to be addressed in future supervisory reforms? How does the market evaluate the changes that have occurred in supervision? These and other topics will be part of an insightful discussion.
Круглый стол 1.3. Единый финансовый рынок ЕАЭС: параметры развития
7 June 2018 15:00
Roundtable 1.3. A Single EAEU Financial Market: Development Parameters
The Treaty on the Eurasian Economic Union (EAEU) came into effect on 1 January 2015. It marked a transition to an entirely new stage in the economic integration of the former Soviet countries, which resulted in the gradual formation of an economic union. This stage of integrative formation can be characterised by implementation of the four freedoms principle — free movement of capital, services, goods, and labour. This can be achieved by identifying and subsequently removing barriers and restrictions within the common economic space. A key element of this process is to jointly promote the creation of common sectoral markets (oil, gas, electricity, transport, and, of course, a common financial market). We can go even further: the successful creation of a common financial market is a prerequisite for the full capacity of common markets in other sectors, as finance is the lifeblood of the EAEU economic body in general. With the heads of EAEU countries giving the highest priority to the problem of financial integration, building a common financial market is a task of vital importance.is In December 2016 they issued an instruction calling on financial regulators and the Eurasian Economic Commission to develop a vision for a common financial market. This vision will need to answer a number of key questions: how quickly can we achieve the goal of building a common financial market? What are the major milestones on the way? Is there a need to harmonise regulatory systems? Should national segments be incorporated into the common financial market at a different pace? In this context, the most relevant topics for discussion are: — The future architecture of the EAEU common financial market: what awaits us in 2025? — Legislative harmonisation in the financial sector: what are we trying to achieve? — A common exchange space: key elements — Supervising the activity of common financial market participants: the essentials — Cross-border aspects of protecting financial consumers across the EAEU
Круглый стол 1.4. Цифровая трансформация финансовой отрасли: вызовы и перспективы
7 June 2018 15:00
Roundtable 1.4. The Digital Transformation of the Financial Sector: Challenges and Opportunities
The impact of technology on all sectors of the economy is constantly growing. Digital technologies and their development are the main driver for financial market transformation, its enhanced competitive ability and better services. Yet, they also create new challenges for the next few years. Financial landscape is rapidly changing. Financial organizations are busy with digital transformation of their internal processes and business models, which brings them to developing and introducing new technologies on their own, as well as to partnering with IT companies. At the same time, digitalization requires developing and introducing platform solutions, including remote identification, fast payment, marketplace platforms for financial products and services, as well as distributed ledger based platforms that enable interaction among market participants. This discussion will focus on market participants’ business models and key drivers of this transformation.
Круглый стол 2.1. Превентивный надзор: внутренние процедуры оценки достаточности капитала и стресс-тестирования
7 June 2018 17:00
Roundtable 2.1. Preventive Supervision: Internal Procedures for Assessing Capital Adequacy and Conducting Stress Tests
Today, banking supervision focuses on capitalisation and ensuring adequate risk coverage for banks. Quality review for capital adequacy assessment procedures was introduced into the supervisory process, becoming last year’s major regulatory novelty. Banks are now required to properly assess their own risk appetite and the adequacy of their risk management systems. An important role in this process would be stress tests and factoring their results into business plans. Banks have a number of questions regarding the capital adequacy assessment procedure, which include availability of data and frequency of the reviews. These topics will be the focus of this roundtable.
St. Petersburg, Russia
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