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

The Roscongress Foundation – a socially oriented non-financial development institution and a major organizer of international conventions; exhibitions; and sporting, public, and cultural events.

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, and 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 5000 people working in Russia and abroad. In addition, it works in close cooperation with 126 economic partners; industrialists’ and entrepreneurs’ unions; and financial, trade, and business associations from 69 countries worldwide.

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Panel session III. Competition on the Financial Market: Obstacles and Solutions
8 June 2018
09:00—10:30
Competition on the financial services market acts as a driver of economic growth and helps propel technological progress. On the other hand, the monopolisation of local financial services markets and uneven regional development lead to distorted market incentives, reduced access to services for consumers, and the emergence of opaque pricing on the financial market.

Is leadership in innovation and pricing good for competition or a tool for entrenching domination on the financial market?

Are new technologies and business models an opportunity to develop competition in the interests of consumers or a threat to regulatory arbitration? Do these matters help weaken geographical and sectoral barriers while promoting even development of the financial market in Russia?
Date
08.06.2018
Forum
International Financial Congress
Started at
09:00—10:30
Conference hall
Presidential Library, Plenary session hall (second floor)
Analytics on the topic