Eleven French financial associations, including the French asset management association AFG, have issued a statement regarding the evolution of Priips’ draft regulatory technical standards (RTS). French consumers’ protection and professional associations call the European institutions to improve the quality of the information in the Key Information Document (KID). “We believe the PRIIPs Regulation, which intends to […]
The investment and financial services industry has almost universally supported the rejection by the European Parliament of the draft regulatory technical standards (RTS), aiming to provide a framework to packaged retail investment and insurance-based products (PRIIPs). As reported yesterday, the draft regulation, which has faced criticisms across Europe, was rejected by MEPs as it was […]
Nine associations from the French financial sector, including French asset management association AFG, have expressed their concerns about the adoption of regulatory technical standards (RTS) for the new Priips (Packaged Retail and Insurance-Based Investment Products) regulation by the European commission last June. Priips regulation that is to be implemented as from 1 January 2017 aims to improve […]
Index tracking funds in Russia have continued to see outflows. Despite their relatively low risk profile compared to equities, they have failed to attract local investors.
Ruben Aganbegyan has joined Otkritie Financial Corporation in Moscow as CEO and chairman of the managing board.
The Moscow Stock Exchange is looking at launching foreign equity futures for Russian investors.
Russia’s National Settlement Depository (NSD) has taken over all the cash and securities settlement functions previously conducted by the Depository Clearing Company (DCC) and the RTS Settlement Chamber of the Moscow Stock Exchange.
Otkritie Capital, the investment banking arm of Otkritie Financial Corporation has appointed Mikhail Sukhobok to head the firm’s global electronic trading division which includes direct market access to Russian markets.
Russia has used the traditional end-of-year break to signal its new approach to international investors.