Russian Regulator More Transparent Than European Ones, Or Is It?

[kreslik.news]

At a time when regulatory licenses in Europe have been relatively easy to obtain for a number of clients, several industry insiders have started proclaiming in the aftermath of last year’s bankruptcies post-SNB that the criteria for issuing a license for retail brokers are flawed.

With the commonly known truth that every brokerage that applies for a license gets one as long as it pays the fee, the Bank of Russia has taken a different approach.

The mega-regulator headquartered in Moscow has decided to publicize the process of issuing licenses fully and has recently not only published the approval of two market ... (read more)