Exchange Forum 2014

Agenda

27 March 2014 | The Ritz-Carlton Moscow

9:00 – 9:30	Welcome coffee
9:30 – 11:00	Plenary Session Development of the Russian financial market and global economic challenges Moderator Alexei Kudrin Member of the Presidium of the Economic Council under the President of Russia Welcome Alexander Afanasiev CEO, Moscow Exchange Speakers Elvira Nabiullina Governor, Central Bank of Russia Alexei Ulyukaev Minister of Economic Development, Russian Federation Anton Siluanov Minister of Finance, Russian Federation Global economic trends and reform of international financial architecture. Russia"s integration into the global financial system: new opportunities and new risks. Conditions for sustainable economic growth in Russia. Approaches to bringing Russian business back onshore: improvement of the investment climate vs. restrictive measures. The new corporate governance code and protection of investor rights.
11:00 – 11:30	Coffee break
11:30 – 13:30	Panel Discussion Capital Raising by Russian Companies: Domestic and Global Perspective Moderator Kirill Dmitriev CEO, Russian Direct Investment Fund (RDIF) International capital market trends Openness vs. protectionism: plusses and minuses for emerging markets Listing in Russia or abroad: the issuer's choice How investors value companies and country discount factors Quality corporate governance and business growth rates as key factors in attracting investors Which key defensive features do investors seek in a company in times of considerable market uncertainty? Fostering local demand: tax stimuli and deploying assets from pension funds, insurance companies, and direct investment funds. How to present the country"s economy competitive advantages. New Challenges of Financial Market Regulation Moderator Alexander Afanasiev CEO, Moscow Exchange Promoting domestic investment demand: the role of the government and of market participants Reforming Russia's collective investment market New approaches to licensing and introduction of prudential regulation of the brokers activity How to diminish competitive inequality between market participants Increasing OTC transparency; approaches to its regulation Grey zones in financial market regulation: forex and microfinance organisations Reform of corporate action procedures
13:30 – 14:30	Lunch
14:30 – 16:30	Working session Equity and Bond Market: growth opportunities for 2014 Moderator Yuri Mintsev, Managing Director, Otkritie Brokerage House Risk management in times of market uncertainty: approach of the exchange and central counterparty, and of market participants Will declining market indicators and rising volatility attract investors? Domestic corporate and sovereign bond market Securities market regulation in 2014 New instruments and systems required by the market How will Russian asset liquidity develop over the coming years? Stimulating local investment demand. Investment accounts and tax benefits Derivatives Market key development areas Moderator Roman Sarychev Head of Derivatives, Renaissance Capital Equity options as a key development area for the exchange"s derivatives market Cooperation between Moscow Exchange and Deutsche Boerse in developing derivatives trading Fixed income futures: advantages for debt market participants New stage in development of ОТС derivative (FLEX Options)clearing FX and Money Market: initiatives for the future Moderator Mikhail Soloviev Deputy Chairman, Morgan Stanley Bank FX Market in 2013-14: dynamics and trends High frequency trading — positive or negative? New FZ market instruments: CNY as potential leader Developments in liquidity management and money market instruments: central counterparty and collateral management Money market indicators: what do participants use? The influence of infrastructure modernisation on the primary market: key takeaways, expectations, challenges/ Streamlining corporate action mechanisms: an important step towards improving corporate governance. The influence of infrastructure modernisation on the primary market: key takeways, expectations, challenges Moderator Tim Talkington Managing Director, Head of Securities – Russia/CIS, Goldman Sachs The positive influence of exchange infrastructure modernisation on the primary market The effects of Euroclear and Clearstream access to bond market Euroclear and Clearstream access to bond market: expectations, plans, development points Streamlining corporate action mechanisms: an important step towards improving corporate governance Moderator Nadezhda Ushakova Senior VP, Head of Custody Operations, VTB Legislative and technical innovations in corporate actions and governance International experience and foreign investor expectations regarding corporate actions and governance Changes in dividend payments Developing the Corporate Information Centre (CIC) based on the National Settlement Depositary
16:30 – 17:30	Reception

Agenda Forum 2014 (pdf, 270Kb)