Russians said goodbye to approximately RUB 2 billion (USD 38m) of their personal funds last year because of the activities of financial pyramids in the country. The gloomy estimate was unveiled by Sergey Shvetsov, first deputy governor of the Bank of Russia, in an interview with TV channel Russia-24. Mr Shvetsov, who is also known…
Read moreThe following is taken from an original article on LeapRate Russia. For more Forex related articles written in Russian see LeapRate Russia at ru.leaprate.com. One of the top officials at the Bank of Russia insists that banks do not need the Forex business at all, as it is closer to gambling rather than financial activities.…
Read moreRussian Forex regultor trying to get leverage limit of 50:1 and advertising scrutiny put into law. First deputy governor of the Russian Central Bank, Serguey Shvetsov is on the newswires with an announcement that the second vote on the forex regulation bill in Russian Parliament is now imminent. The bill will introduce caps on leverage…
Read moreThe chief man responsible for FX industry regulation discusses prospects in an interview with a Russian financial news agency. Amendments to the forex bill were supposed to be discussed in the Russian Duma on the 23rd of October, however we haven’t heard anything about that since. News agency RIA Novosti claims that discussion has been…
Read moreNewly installed Russia regulatory head Sergey Shvetsov seems to be heading strongly toward regulating the forex sector. As first appeared in Forexbrokerz... Deputy Chairman of the Central Bank of the Russian Federation Sergey Shvetsov was quoted in ITAR-TASS (in Russian) as saying that as financial regulator he is looking at banning advertising by foreign brokers in Russia.…
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