Russian Regulator More Transparent Than European Ones, Or Is It?
Posted: Tue May 17, 2016 12:23 pm
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)