Embracing the Russian Bear

Many have dubbed 2015 as the revolutionary period of the domestic Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term market, and in the autumn of this year the long-awaited forex law ("On Amendments to Certain Legislative Acts of the Russian Federation and Avoidance of Certain Provisions of Legislative Acts of the Russian Federation") will come into force to govern this trading market segment, which is already preparing for the impending change.

So who is this "Russian Bear" and should it be embraced? Perhaps it is the Russian market as a whole, but in this QIR report we are referring to a huge emerging foreign exchange market, which even though physically located in Europe, couldn’t be more different: apart from its particular history, it is a "closed" market, uncertain and conditioned by geopolitical and socio-economic characteristics. But globalization is doing its job. Russia is being integrated as an emerging market that is accepting global trends and standards. But can regulation be effected with apt control? Is it applicable to a developing economy where many consumers consider the forex market as a means to boost their livelihood?

With top Russian regulation experts weighing in on these questions, Finance Magnates set out to explore the feasibility of a structured regulation in a developing economy with brokers and traders that still need to get to grips with Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term.

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