Federal Financial Markets Service (FFMS) of Russia and Deutsche Borse have signed a memorandum of understanding (MoU), to exchange information regarding current legislation in the capital markets, its application and possible changes thereof.
The partners will use their cooperation as a basis for a comprehensive exchange of experience and opinions. Furthermore Deutsche Borse will support the efforts to establish Moscow as a financial center.
Vladimir Milovidov, head of FFMS of Russia, said: “I think that this MoU will be beneficial not only for the signing parties, but in the future also for the Russian and German financial markets which in my opinion, will increase their importance in the world`s financial system.”
Rainer Riess, managing director Xetra market development at Deutsche Borse, said: “Deutsche Borse group has been active in Russia for a number of years now. This memorandum formalizes the close relationship we have had ever since we opened our representative office in 2007.”