The FSFR is preoccupied with discrimination against Russian financial instruments in London

The Federal Financial Market Service (FSFR) expressed concern about the British financial services management (FSA) due to the facts of the British supervisory authority to Russian financial instruments when they are assigned to the market, Interfax reports with reference to the press service of the FSFR.

This was done during the working meeting of the head of the department, the head of the department, Vladimir Milovidov, with the director of international issues of the FSA of Great Britain, Verena Ross. In turn, large participants in the Russian market, including VTB and Alfa Groups, have repeatedly addressed the FSFR on this issue.

On the part of the FSFR, a wish was expressed to FSA to additionally study the appeals of Russian financial institutions who wanted to work in the UK market.

The parties discussed issues of international financial regulation, the processes of reforming the financial system in the UK, as well as issues of bilateral cooperation and signing an agreement on interaction between the FSFR and FSA.

At the end of last year, Russian Prime Minister Vladimir Putin, when visiting the new office of VTB in Moscow, raised the question of the difficult conditions that are created for the work of Russian banks in Europe. Then the head of the European Capital VTB region Vladimir Sokolov complained that the latest changes in the banking regulation system in the UK create great difficulties for the work of the only Russian bank in this country.

By his answer, the prime minister made it clear that the Russian authorities are unhappy with the situation, although they do not plan tough response measures yet. "I hope we will not have to resort to those means that would worsen the conditions of the British colleagues in Russia, but on the contrary, let's go along the path of improving the working conditions of VTB in London," Putin said.

“We will agree with our colleagues in the UK so that the rules that apply to our financial institutions are no worse than those used by British institutions in Russia,” he added.