Kozlov - legal protection would boost confidence

RUSSIA - Russia's Central Bank has come out for greater legal protection of deals involving derivative securities on the national securities market and for introducing Russian depository receipts.

Central Bank First Deputy President Andrey Kozlov told the on-going all-Russia stock market conference he was referring to legally-established rules of judicial protection of deals involving derived financial instruments. The lack of such a system resulted in the massive defaults on deals after the 1

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