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Banks vs. Clients: What Clients of Financial Institutions Need to Know About Today’s Compliance

Thursday, 17 May
17:00 - 19:00

White Pavilion, General Staff Building (6-8, Dvortsovaya sq.)

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Financial sector regulation, which is getting more complex because of various factors, require financial institutions to have more stringent control over the regulatory environment, implementation of new evaluation standards and “quality assessment” of the capital invested by the clients. It is often the case that Russian capital does not understand new requirements and their significance, which can frequently have a negative impact on capital management freedom.

What do the clients need to know about today's compliance in financial institutions, what legal instruments can the capital use in order to meet new standards?

These questions will be discussed in great detail at the discussion hosted by Gazprombank Private Banking. The speakers at the discussion, representing regulatory institutions and industry, will talk about present-day trends, development prospects and behaviour models in a new regulatory environment.

The discussion is going to address the following issues:

  • Modern requirements of financial institutions to capital quality: control over the sources of capital’s origin, tax and national regulatory compliance checks, for instance, compliance with foreign exchange regulatory requirements;
  • Automatic information exchange: mechanism for providing feedback from the capital’s jurisdiction;
  • Capital amnesty: a legal tool to overcome regulatory barriers.

SPEAKERS:

Dmitry Volvach, head of Directorate of Standards and International Affairs, Federal Tax Service of the Russian Federation
Ekaterina Kaganova, head of Compliance Department, Gazprombank
Sergei Potapeiko, head of Gazprom Private Banking
Mark Rovinsky, counsel at Ivanyan & Partners law firm
Maria Nechepa, Head of legal support of international business and financial markets division


* The Programme may be subject to change