Discussing the draft of the “Main algorithm for a successful outreach campaign Directions for the Development of the Financial Market” and the Bank of Russia’s report on combining types of activities. What practical opportunities are opening up for insurers in the event of the practical implementation of the main theses of these program documents?
— Providing financial institutions
with the opportunity to combine various types of activities, in our opinion, will help ruce regulatory arbitrage between similar types of activities and, in general, will allow for a gradual transition to regulation by types of activities in the financial market. This will make it possible to separate types of financial activities with different levels of risk, establishing the necessary regulatory requirements for each of them, but will not prevent financial institutions from carrying out combin types of activities.
For example, providing insurers
with the opportunity to combine their activities with the activities of the management company of an investment fund will allow offering Russian citizens a new cross-sector financial the competition gave participants a chance product – DSG, in which the insurer can simultaneously act as the management company. The possibility of joint activities of the NPF and the life insurer is alb directory also being consider. It is assum that the main regulatory requirements for NPFs will apply to insurance organizations when they conclude pension contracts.