24.10.2020

Central Bank called the main problem of the stock market in Russia

However, the influx into the market of unskilled investors could undermine the market responded the Deputy Minister of Finance Sergey Storchak. “88% of people do not know where to flee to if their financial interests are infringed. And if this boom is not matching with the increase in the level of financial education and financial awareness, it can generate the next currency crisis and investors”, says Storchak.

In August, according to the latest data of Rosstat, real disposable incomes fell for the first time since the beginning of the year. The decline was 0.9% versus August last year and 0.7% in July. In real terms disposable income of Russians since the beginning of the year to July grew in the range from 0.1% to 5.5% in the month compared to the same periods last year. At the same time, real wages of Russians, according to statistics, grew much faster – by 7-11%, calculated in Ranepa.

In 2017, the amount of resources placed by households in the stock market exceeded 1 trillion rubles, according to the National Association of securities market participants (NAUFOR) on the basis of a survey of the largest brokers and management companies working with physical persons. The amount of funds received from citizens in the brokerage account in 2017, was not less than 700 billion roubles that twice exceeds a similar indicator of last year (310 billion).

The Central Bank will allow the Russians to have more than one IMS

The Bank of Russia is considering the possibility to allow private investors to open more than one individual investment accounts (IMS), said the first Deputy Chairman of the Central Bank Sergey Shvetsov the conference “Retail investor – 2018”, organized by Moscow exchange, and NAUFOR. Now by law you can only open one IMS.

The possibility of opening several investshow, even if it appears to be limited: customers can transfer money between your accounts, but to have the means can only be on one IMS, you can withdraw money also with only one account, said Shvetsov. “We would like to waive the condition of “one – person-one-IMS”, while maintaining a single account through which you can make and take the money”, – said the first Deputy Chairman of the Central Bank.

IMS is a brokerage account of a special type, where the owner can buy and sell securities on a stock market while receiving tax deductions. This tool appeared on the market in January 2015, it entitles the retail investor to place annually up to 1 million rubles.

Account some limitations: deposits can be transferred only 15% of the funds IMS, you can not buy “the people’s OFZ” and to purchase the securities of foreign issuers which are not traded on Russian exchanges.

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