In order to provide long money to the economy, it is necessary to develop the capital market. This was expressed by Alexander Vedyakhin, First Deputy Chairman of the Board of Directors of Sberbank, at the Financial Congress of the Central Bank of Russia.
“The long-term money needs of the economy are measured in tens of trillions of rubles. Banks do not have such money capacity, so many projects will be difficult to implement before the capital market develops,” he said.
According to him, there are several tools that will help the capital market develop. For example, you can relaunch the funded pension program, create corporate programs and conditions for your own savings, create your own derivatives market without foreign participants, start a new type of investment account, develop a floating rates institution, and increase the number of accounts. issuers of securities.
He added that another issue is legal structures for investment purposes. We are talking about a trust, personal funds and other instruments. At the same time, most of these structures are already available as de jure, but they do not work due to some shortcomings. For their adjustment, the capital must remain in Russia.
Formerly at Sberbank He insisted It will double the share of non-banking finance sector in GDP in 10 years.