Legal spotlight

Moves to overhaul the legislation governing Russia's financial system are finally being undertaken. Martin Bartlam looks at what this means for the burgeoning derivatives market

Russian reforms

Proposed changes to Russian legislation, a new president and a commitment to recognising the rule of law are providing ideal conditions for Russia's fledgling derivatives markets. As these markets develop, the increasing level of activity in derivatives and derivative-related products could make Moscow a hub for eastern Europe's emerging capital markets. The current oil-based boom in economic activity and an increasing level of financial sophistication throughout the region's

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