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 Russia also cooperates with 92 Russian public organizations and 54 regional governments.

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Sergey  Shvetsov

Sergey Shvetsov

First Deputy Governor, Bank of Russia
Quotes
06.06.2019
SPIEF 2019
Retail Investors as Stock Market Drivers
We are now implementing two very important initiatives that, based on the situation with the financial literacy, protect people who have small savings and small experience of being present on the stock market from imposed complex financial instruments. Now the so-called “Law on qualified and unqualified investors” is being discussed in the State Duma <…> We are creating a system of investor protection <…> Standards of self-regulation are being adopted
06.06.2019
SPIEF 2019
Retail Investors as Stock Market Drivers
Today our collective investment market is expensive. Commissions for Russian so-called exchange-traded funds are higher than for ETFs; trust management costs much more than in other countries; there is lack of competition and trust to these institutions
06.06.2019
SPIEF 2019
Retail Investors as Stock Market Drivers
Our investment traditions are very short, because before 1991 Russia had no stock market <…> Our citizens are not really able to tell good from bad on the financial market
06.06.2019
SPIEF 2019
Retail Investors as Stock Market Drivers
A weak intermediary creates problems for an investor. Marketing buzz gets not only to investors of a particular financial intermediary who had gone bankrupt or stolen money; it gets to the reputation of the whole market
06.06.2019
SPIEF 2019
Retail Investors as Stock Market Drivers
Laws related to financial consulting have been adopted. Now robotic approaches to financial consulting are developing. At the same time institutes are being created that boost the trust on this market. <…> Individuals who are going beyond their ‘safety bag’ in their savings are very rationally looking for a right profitability, and it can be found on the capital market
14.02.2019
Russian Investment Forum 2019
Regional Bonds as a Tool for Implementing Infrastructure Projects and Improving Quality of Life
To the regular person, bonds are still an unfamiliar instrument, which is why the Ministry of Finance has come up with individual investment accounts, the simplified OFZ-n (Federal Bonds for Individuals — Ed.) instrument, unlisted bonds that are very similar to a deposit. Really, the first step needs to be the distribution of these bonds
14.02.2019
Russian Investment Forum 2019
Regional Bonds as a Tool for Implementing Infrastructure Projects and Improving Quality of Life
The majority of investors on these markets are individual people, who do not need active trading services. <…> The Marketplace (platform — Ed.) should help the public obtain and keep securities until their maturation, without having to rely on the services of a broker or depositary
14.02.2019
Russian Investment Forum 2019
Regional Bonds as a Tool for Implementing Infrastructure Projects and Improving Quality of Life
Individuals are ready to turn to local markets. Not just because those markets have proven profitable, but also because they simply want to improve the world around them. This is a very important factor which is not given enough credit
14.02.2019
Russian Investment Forum 2019
Regional Bonds as a Tool for Implementing Infrastructure Projects and Improving Quality of Life
We agree with the Ministry of Finance that it is not gaps in the budget that should count against bond issuance, but investment projects. Because the redemption of sub-federal, municipal bonds <…> must stem from economic growth, which is sustained through implementing infrastructure projects
14.02.2019
Russian Investment Forum 2019
Regional Bonds as a Tool for Implementing Infrastructure Projects and Improving Quality of Life
We have the infrastructure, including a ratings infrastructure, we have the regulatory environment, where we significantly simplified the issuing of bonds, the release of information, and the issuance of time parameters, next we have the repurchase agreement market, which is very important for the bond market
14.02.2019
Russian Investment Forum 2019
Public Financial Literacy as the Basis for Financial Stability
A person needs protection from the financial market and from themselves by dividing them in qualified and non-qualified investors by their incomes and qualification. <…> It is important that the financial sector does not offer people anything excessive – something they do not need, they do not understand or something that by default involves higher risk and requires other knowledge
14.02.2019
Russian Investment Forum 2019
Public Financial Literacy as the Basis for Financial Stability
School is the only facility that can introduce financial literacy for everybody instead of making it elective. This universal introduction will impact school children and their parents through them
14.02.2019
Russian Investment Forum 2019
Public Financial Literacy as the Basis for Financial Stability
The primary thing is how the financial sector offers its services to consumers. The law on self-regulation has been adopted. Under this law, self-regulatory organizations approved standards aimed at providing citizens with the right information and, most importantly, give them the right expectations for the product
14.02.2019
Russian Investment Forum 2019
Public Financial Literacy as the Basis for Financial Stability
The need for comprehensive knowledge of every single product and for maintaining a budget manually in a notebook is a matter of just several years. Then all of it will be replaced by a gadget that will have a better understanding of a person’s long-term needs. The question is whether people would be ready to trust this software and to stop relying on their own knowledge about the financial world
14.02.2019
Russian Investment Forum 2019
Public Financial Literacy as the Basis for Financial Stability
A region’s economic development has an impact on personal incomes, while a personal income sets a challenge to find a way to manage it other than just spend it on current consumption. It results in a higher interest in financial tools, which leads to higher financial literacy. If people invest, actively manage their savings and place money in start-ups and small business, it fuels the region’s economic development