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