Russia gears up for central securities depository

russian-church

Katerina Sizova, head of direct custody and clearing, Russia, at JP Morgan, says following the federal law on central depositories signed by President Medvedev on December 7, 2011 and the merger of MICEX and RTS – the country’s two largest exchanges – Russia is set to have a CSD up and running, possibly by the end of 2012.

After 10 years of lobbying, this major breakthrough for the Russian market has been welcomed by many global and local custodians, brokers, exchanges and the central bank of th

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