Clr beyond-ares
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Three main problems need to be solved for developing an international financial center in Moscow: upgrading infrastructure, working with citizens, and attracting investors. Moscow has the potential to become a strong regional financial center for CIS countries due to its size, location near other countries, and similar system of values to Eastern Europe. A proposed strategy allows Moscow to become a competitive financial center by focusing on initiatives like a uniform payment card, online banking, a uniform borrower registry, debt auctions, educational seminars, and low interest rates for social loans over the next 5 years.
Clr beyond-ares
- 1. teamBeyondChangellenge Cup 2011AbramovAlexandrDeyevRuben ZayatsSergey RubtsovaElmira
- 2. Three main problems need to be solved for IFC development in Moscow. What bank should do for creation of international financial center? Upgrade infrastructure Work with citizens Attract investorsNew InstrumentsInternational standardsFacilities TransportEnergyITRetailConfidenceHousingUnic futures Offshore for innovationsRoads and railwaysFinancial educationIFRSBroadband internetModern trade1New safe and greenpowerTerminalsEnglish language3Land auctions Facilities for CISOnline bankingBanking insuranceFactoringUniversal plastic cardsLow interest rates for social responsible loansEducation standardsHedgefonds(with changes in laws)Facilities for data-centersDebt auctions2Currency stabilizationAir taxiVisa free1- modern shopping centers (national accounts)2- easy turnover of property with which credit is not paid yet, between participants with the same credit rating.3- we must translate our city, our main activities to make communication easer. 1
- 3. Moscow has great amount of non-attracted capital assets.CitizensInstitutesAffluent middle-agedForeign investors16%32%Young leaders21%Government21%Payment abilityPayment abilityPre-retirement SloggersRational youthBanks7%29%Thoughtless young proletariansPension system12%2%5%10%11%RetiredOligarchs Corporations10%9%Active middle-aged men in the street11%Meager youthPrivate investors1%Financial activityFinancial activityAssets of our pension funds are broad opportunities for low-risk long-term projects.We must influence the richest and the biggest group with average financial activity - Affluent middle-aged.Opening and advertising our markets for foreign financial forces is our main goal.2
- 4. Moscow can be the strong regional financial center for CIS countries. Size: $1,31 trlnGrowth rate: 2%MOSCOWLondonSize: $524 blnGrowth rate: 3%FrankfurtParisSize: $191 blnGrowth rate: 3.8%Size: $506 blnGrowth rate: 1.9%New York TokyoSize: $201 blnGrowth rate: 2.2%Size: $1,26 trlnGrowth rate: 2.2%Hong KongSize: $290 blnGrowth rate: 3.5%SingaporeSize: $300 blnGrowth rate: 3.3%Moscow has territorially and time zone advantages. It is located near Caucasus and Middle Asia countries. At the same time our system of values is similar to Eastern Europe.3
- 5. Pay for realizationDemanded resourcesSolved problemsCard of RussianMoreconvenienttransportpaymentEfficient collectionoftaxes
- 6. Growth of bank’s client base
- 7. Growth inIT
- 9. Decision of the Ministry of Transport Bank with good history of creditcart emission (done)The uniform bank card combining functions of travel, identification and migratory card.Uniform register of borrowers Less freedom of decision makingChange in legislationabout hedge-fundsTeam for creation of rating agencyCreation of uniform rating of borrowers, likecompanies (A, B, B + etc.). The client passes check in the uniform center, and the center guarantees solvency of the client.Cutting the operatiionalexpenses
- 10. Decrease in risks of non-return
- 11. CreditbecomesmoreconvenientEducational seminarsExpenses for creation media materials
- 12. Expenses for translation
- 13. Permission from the Ministry of Education
- 14. Good teachers for educational courses development
- 15. Increase of peoples’ trust
- 16. Growth of bank’s client baseSeminars for students and schoolchildren, social advertisement for retired.New futuresDeal with some Russian exchanges
- 18. Attraction of foreign investors and customersGrowth of profit of the bank(commission)Growth inIT and transportFutures and forwards on those goods on which such tools haven't existed yet, or their number is not enough (the agricultural land, drink water, etc.).Protection of pensionsExpenses for communicate
- 20. IB department in our bank
- 21. More funds on Russian market
- 22. More clients of the bank in IBTo enter the law that pension funds should investnot less than 50% of the capital assets in the domestic market.Auction of debtsIncrease of peoples’ confidence
- 23. Growth of bank’s client base
- 26. Uniform register of borrowers
- 27. Team for creation the auctionPossibility of easy buy and sale of property for which the credit is not paid yet between participants with an identical credit rating.Social responsible actsIncrease of customers' and investors’ confidence
- 28. Increase of confidence to government
- 29. Solution of social problems
- 30. Lower interest rates for particular aims
- 31. Expenses for PR
- 32. Financial stability of the bankLow interest rates for social responsible loansSo, we define actual aims that are minimal “must-have” for next steps.4
- 33. There is a strategy that allows Moscow to become competitive IFC.Year 5Year 1Year 2Year 3Year 4Uniform card of RussianUpgrade infrastructureOnline and virtual bankingUniform registry of borrowersWork with citizensDebt auctionsEducational seminarsLow interest rates for SRLs*Attract investorsDevelopment of derivative’s market Currency stabilizationDevelopment of factoring and hedge-funds *Social responsible loans Growth rate 5% GDP (2010): $191bln GDP (2020): $305blnIf growth rate is 5% for next 10 years , in 2020 Moscow will have GFCI higher than Frankfurt, because its growth rate is lower.Realistic forecast 5