One of the apparent aftermaths of the 2007–2009 global economic crisis was a lack of coordination between supervisory financial authorities. The previous general supervisory requirements had been found to be inadequate, raising a whole host of questions about its effectiveness. The ‘too big...

A comparative analysis of the existing model of financial market regulation and the model put forth by the Bank of Russia within the framework of the Draft Federal Law ‘On Self-Regulating Organizations in the Field of Financial Markets' indicates that the Bank of Russia is creating a new...

A Federal Law “On Self-Regulatory Organizations in the Financial Marketplace” (hereinafter “the Federal Law on SROs in FMP) was adopted on 13 July 2015 and is due to come into force on 11 January 2016. The adopted Federal Law saw just minor amendments despite serious criticism brought in...

From September 2013, the Federal Law 'On the Introduction of Alterations to Some Legislative Acts of the Russian Federation in Connection with the Delegation to the Central Bank of the Russian Federation of the Powers for Regulation, Control and Supervision in the Sphere of Financial Markets'...