On 27 March 2014, Moscow Exchange held the fifth Exchange Forum in Moscow. Moscow Exchange Forum is a major event in Russia for the professional financial community uniting representatives of banks and brokerages, international investment funds, independent experts and analysts, representatives of regulatory organizations and business people. The conference sets medium-term development trends for the market and market infrastructure.
Among the issues discussed were aspects of the Russian financial market's development and growth in 2014, the attraction of investments by Russian companies, financial market regulation, key trends in the development of the derivatives and foreign exchange markets on the Moscow Exchange, as well as infrastructure modernization’s effect on the IPO market and corporate actions reform.
National Settlement Depository (NSD) organized two sessions for the discussion of interactions by post trading institutions with leading market participants. Maria Langouche, NSD Vice President responsible for development and client relations, presented her company’s opinion in the session “Infrastructure Modernization’s Effect on the IPO Market: Results, Expectations and Challenges.” Ms. Langouche and other delegates discussed the results of bond market access provided to Euroclear and Clearstream, expectations of the provision of access to these companies to the share market, and the positive effects of modernized stock market infrastructure on the IPO market.
Maria Krasnova, NSD's Deputy Chairman of the Executive Board, took part in the session “Corporate Actions Reform as an Important Step towards Improved Corporate Governance Quality.” Ms. Krasnova presented a report on development of the NSD Corporate Information Center. Participants in the discussion considered legislative and technological initiatives in the corporate actions and corporate governance field, discussed international experience and foreign investors’ expectations in this sphere, as well as changes connected to dividend payments.
Pavel Solovyov, NSD's Managing Director responsible for repository activities, spoke about the history of repository development on the basis of NSD, about methods of interactions and message formats, as well as about data registration and key legislative changes.
NSD representatives were among the delegates and guests of the forum. Representatives of Russia’s Central Bank, European Central Bank, Russia’s Ministry of Finance and Ministry of Economic Development, Moscow Exchange, Russia’s National Association of Securities Market Participants (NAUFOR) and other financial market participants also presented reports at the forum.