October 26, in Skolkovo Innovation Centre in the framework of the Moscow
International Forum for Innovative Development "Open Innovations" and
the Eurasian Week Forum & Expo, a roundtable "Problems of business
access to financial services in the space of the Eurasian Economic Union
(EAEU)" was organized by the Department of financial policy of the
EEC. The moderator of the roundtable was the Director of the financial
policy Department of Eurasian Economic Commission, Tigran Davtyan, and the
co-moderator was the President of the Association of Russian banks Garegin
In his speech Tigran Davtyan told about the main
directions of the development of the common financial market of the EAEU and
key tools for the implementation of financial policies in the Union.
most important vectors for the development of the common financial market is
the creation of favourable conditions for the establishment and implementation
of activities on the financial markets of EAEU, free movement of capital within
the Union (removal of barriers), stimulation of the development of competition,
growth of investment attractiveness of the EAEU States, reducing administrative
barriers and costs," said Tigran
The Eurasian Economic Commission rolled out activities
on convergence of financial and monetary legislation of the EAEU Member States,
creation of the infrastructure of the common financial market and institutional
framework in order to ensure the activities of the Union in the field of
financial markets, development of administrative cooperation within the
interaction of national regulators on issues of regulation, development and
supervision in financial sectors.
Among the main issues discussed at the event were
problems and prospects of national regulation of the financial markets of the
EAEU Member States, development prospects for the banking and insurance sector,
securities market, the influence of international requirements on national
financial markets, the role of rating agencies in the investment attractiveness
of the Union financial markets, the establishment of the international
financial center in Moscow and Astana, formation of the common exchange space
in the EAEU.
The President of the Association of Russian Banks
Garegin Tosunyan, the President of the Board of Directors of PARTAD Peter
Lanskov, the Member of the Board of Moscow Exchange PJSC Igor Marich, the
Vice-President of the Russian Union of Industrialists and Entrepreneurs (RSPP)
and the Chairman of the Committee on the Development of Self-Regulation Viktor
Pleskachevsky, RSPP Executive Vice-President Alexander Murychev, the President
of the National Partnership of Participants of Microfinance Market NAUMIR
Alexey Savatyugin, and others spoke at the roundtable.
The discussion was attended by representatives of the
Ministry of Finance of the Republic of Belarus, the Russian Bank, the National
Bank of the Republic of Kazakhstan, the Kyrgyz Stock Exchange, EXIAR, the
Eurasian Development Bank, the CIS Interstate Bank.
Roundtable participants expressed support for the work
of the Eurasian Economic Commission on the reviewed activities and expressed
their readiness to work actively for further effective development of financial
integration and creation of the common financial market of the EAEU.