Sberbank announced the conditions for the development of the retail investment market 13:37

To develop the retail investment market, it is necessary to strengthen competition and introduce new technologies, said Sberbank First Deputy Chairman Kirill Tsarev at the session “Financial Market Architecture: Trends in Transforming the Role of Intermediary Institutions and Infrastructure” at the Sberbank Financial Congress at the Bank of Russia in St. Petersburg.

According to him, a more transparent environment needs to be created in providing services to individuals.

Tsarev noted that changes in technology also play an important role in market development.

“Technological developments have advanced significantly in recent years. We understand that models have been established for a long time and players stick to them. But in 25 years the financial architecture has changed a lot,” Tsarev said.

He emphasized that strong competition can add dynamism to the retail investment market.

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Source: Gazeta

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