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

The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of international conventions; exhibitions; and business, public, 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, 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 160 economic partners; industrialists’ and entrepreneurs’ unions; and financial, trade, and business associations from 75 countries worldwide.

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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Panel session IV. Three Development Strategies: Financial Market, Information Technologies and Financial Inclusion
8 June 2018
12:00—13:30
An efficient financial market is an integral part of a country’s economic and social development. That’s why its development is a priority goal of the Bank of Russia. For the first time, the megaregulator revealed its strategic outlook for the future of the financial market and presented Guidelines for the Development of the Russian Financial Market for 2016–2018, which are based on consistency and correlation of its sectors.
Being a hi-tech regulator, the Bank of Russia sets conditions for financial market digitalization as a key priority. Support for digital technology will give a significant impetus to competition, transparency and investment attractiveness of Russia’s financial market and consumer rights protection, as well as help them reach a completely new level. In order to hit these targets, the Bank of Russia approved Guidelines for Financial Technologies Development for 2016–2018. They provide for integral regulation, developing and introducing platform-based, technological and organizational solutions for financial sector digitalization, which will include remote identification, fast payment system, financial marketplace, regulatory sandbox and open interfaces, etc.
Another solution for these objectives would be implementing strategic documents developed by the Bank of Russia, including Financial Inclusion Strategy for 2018–2020. It describes current state of financial inclusion and measures to improve it, as well as key performance targets for these measures. The strategy primarily aims to enhance financial inclusion and service quality for consumers in remote and underpopulated areas, as well as for SMEs and social groups with limited access to financial services. Another objective of the strategy is to improve efficiency and quality of financial services through digital technologies.
Date
08.06.2018
Forum
International Financial Congress
Started at
12:00—13:30
Conference hall
Presidential Library, Plenary session hall (second floor)
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