The Center for Regulation in OTC Financial Instruments and Technologies (CRFIN), Russia’s self-regulatory Forex organization, has announced a new addition to its Expert Board. Igor Dines, a major name in the field of Russia’s lawmaking, has thrown his weight behind the consultative organ of CRFIN.
Dr. Dines is currently Chairman at Russia’s audit-consulting group Business Systems Development (RBS), although he is mostly famous for his contributions to the tax and budget laws of the country. Dines has substantial expertise with regional and federal governmental agencies. He also served as a member of Russian Federation State Duma (3rd and 4th assembly), member of State Duma’s Budget and Tax Committee and Transport and Communications Committee, chairman of the Information Technology Subcommittee and the Gambling Business Committee.
Additionally, Dr. Dines is a graduate of Lomonosov Moscow State University, Faculty of History (1992) and of Saint-Petersburg University of the Russian Internal Affairs Ministry, Faculty of Law (2001), where he obtained his Ph.D. in Law.
Dr. Dines will most certainly be a valuable addition to CRFIN’s expert board, as one of its main functions is to connect the FX business sector and state institutions, as well as to develop regulatory proposals and recommendations.
CRFIN currently plays a crucial role for the Forex industry in Russia, as the country still lacks a Forex law to regulate this booming business segment. The second reading of the FX bill was postponed for the seventh time yesterday and is now scheduled for November 18, 2014.
Meanwhile, CRFIN has been beefing up its expert board, perhaps because of the growing importance of the SRO. On November 3, 2014, the board enjoyed another addition: Pavel Solovyov, who is an executive director for OTC markets at NP RTS and also a co-chairman of ISDA work group on implementing FpML for the disclosure of repositories in Russia.
You can find out more about the members and the role of CRFIN’s Expert Board here.