Head of the Service for Consumer Protection and Financial Inclusion, Bank of Russia
From 2022 on, Russian retail investors will be allowed to buy foreign exchange-traded funds (ETFs). This regulatory decision tackles several objectives, from making investments more balanced to encouraging competition among asset management companies.
New legislative requirements for communication with non-qualified investors are meant to enhance the protection of individuals in financial markets and increase market transparency by providing more comprehensive information about financial products to investors.
Crowdfunding platforms have proven a promising alternative to banks. However, so far, they still seem more of an experiment whose success depends on their ability to manage existing confidence risks.
