The liberalisation of the Russian bond market which is taking place at the moment was welcomed by panellists at the Moscow Exchange Group's event in London yesterday.
Clearstream plans to open a direct account with Russia’s new central securities depository (CSD) by year end, following the creation of the entity earlier this week.
Russian non-banking financial organisations have now gained easier access to the foreign securities market through Russia’s National Settlement Depository (NSD).
Russia’s National Settlement Depository (NSD) has submitted the last set of documents required for obtaining the status of a central securities depository from the Federal Financial Markets Service (FFMS).
“First move” foreign investors, such as hedge funds, have started buying into the Russian local bond market, following the approval of Euroclear by Russia’s Federal Service for Financial Markets (FSFR) to offer services for a range of Russian debt securities....
After months of anticipation, Euroclear Bank has finally gained approval from Russia’s Federal Financial Markets Service to offer services for a range of Russian debt securities.
The Russian ruble has rallied over the last two weeks, gaining 3.4% since the end of last month. However, economic analysis suggests the currency will weaken in the long term.
Swiss asset manager Swiss & Global Asset Management has launched its first dedicated corporate bond fund investing in emerging markets.
Russia’s Federal Financial Markets Service (FFMS) has filed a request with the Ministry of Justice to allow foreign central depositaries such as Euroclear and Clearstream access to the country’s corporate debt market.