Original bill to be brought to the Duma spring session, special Forex license to be required. It has been nine months since the first reading of Russia's proposed new Forex law in the Duma, back in June 2013, but it does now seem as if the process is picking up steam. According to Russian self-regulatory…
Read moreVice-president of Russian bank brokerage Alfa Forex reveals the keys to success in the retail business Only a day after we covered the record rise of Russian retail forex volumes, LeapRate has spotted a detailed interview with the vice-president of one of the fastest growing retail brokerages in Russia run by a commercial bank. We…
Read moreTotal number of traders rises by one-third, retail banks businesses expand swiftly Russian newspaper Vedomosti has put out an article providing data from a report on the retail forex industry by the Center for Economic Analysis of Russian non-governmental news agency Interfax. According to the article in 2013 there was a total of 400 000…
Read moreChief regulator Serguey Shvetsov is very likely to get a new deputy very soon The Russian central bank has announced its first new appointments within a new regulatory structure that was unveiled last year. The current body responsible for financial markets regulation will be liquidated on the 3rd of March. The man behind the wheel…
Read moreThe chief man responsible for FX industry regulation discusses prospects in an interview with a Russian financial news agency. Amendments to the forex bill were supposed to be discussed in the Russian Duma on the 23rd of October, however we haven’t heard anything about that since. News agency RIA Novosti claims that discussion has been…
Read moreNewly installed Russia regulatory head Sergey Shvetsov seems to be heading strongly toward regulating the forex sector. As first appeared in Forexbrokerz... Deputy Chairman of the Central Bank of the Russian Federation Sergey Shvetsov was quoted in ITAR-TASS (in Russian) as saying that as financial regulator he is looking at banning advertising by foreign brokers in Russia.…
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