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 2,500 people working in Russia and abroad. In addition, it works in close cooperation with 122 economic partners; industrialists’ and entrepreneurs’ unions; and financial, trade, and business associations from 69 countries worldwide.

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Session 5.3: The Development and Improvement of a Self-Regulation Institution on the Microfinance Market
4 July 2019
16:00—17:10
This session will review the main developments in the microfinance market since legislative requirements for self-regulation came into force. Prospects for further improvement, as well as the possibility for self-regulatory organisations (SROs) to play a bigger role in the process of monitoring and oversight will be covered.
Aspects related to shaping the monitoring environment will also come under discussion. Topics will include providing the necessary methods and instruments of monitoring for SROs, and implementing measures to improve the quality of work done by SROs.
Participants will examine the benefits of regulation based on key standards, and the flexible and prompt regulatory impact it would have on microfinance institutions. They will have the opportunity to find out how applying these standards has affected microfinance market participants, particularly with regard to financial stability. The topics of misconduct and preventing unfair practices will also come under discussion.
Date
04.07.2019
Forum
International Financial Congress
Started at
16:00—17:10
Conference hall
Presidential Library, Conference hall 4 (third floor)
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