Successes and failures of Vladimir Milovidov

Alexander Filatov, Executive Director, Association of Independent Directors: - In terms of corporate governance issues, FSFM simply dormant. The system of listing on stock exchanges is such that it can not find out until the end, even by specialists. Now a lot of talk about the creation of the MFC, but 70% of Russian public companies are traded outside of the list. This means that corporate governance rules that protect investors' rights, they generally do not apply. Even the "Gazprom" shares not held listing. FFMS absolutely did nothing for four years to turn the tide. Peter Lanskov, deputy chairman of the board of directors PARTAD: - In the infrastructure field Vladimir Milovidov failed the steps that he undertook in conjunction with the self-regulatory organizations. When the dominant one-man will, and decisions are made on the principle "I am the chief, all the rest do not know who" they were unsuccessful. For example, it is unreasonable, in my opinion, license of the CMD and "IRCOL." And the entire supervisory practice FFMS based not on understanding the function of supervision, and the personal view of the need to cruel persecution for minor infractions. Alexei Golubovich, chairman of the IR "Arbat Capital Management": - FFMS almost no steps to combat the violation of the rights of minority shareholders. The magnitude of this phenomenon is much higher than that observed in the worst of times (for example, in the first years after privatization in 2003-2004). But the biggest achievement I think the union started the RTS and MICEX, and promote the centralization of depository activities. However, these processes are not completed yet. Significantly improve the skills of employees FFMS. It is also important that the service is generally retained their functions without losing everything the Central Bank. Sergei Maslov, President SPIMEX: - In view of the high level of professionalism Vladimir Milovidov was not allowed any mistakes all the time for his work. Achieve the following: under his leadership, service to work efficiently, professionally and available. In a difficult time for the country (in crisis), and under his leadership has been running our exchange. With the help of Vladimir Dmitrievich we avoid mistakes when you create it and were able to achieve great results. Alexander Shcheglov, CEO of IC "Zerich Capital Management": - The government first drew attention to the stock market and noticed that it turns out, many shematoza. Vladimir Milovidov, in many respects with the filing of the Central Bank began to fight it. The problem is correct, but the methods used are twofold. For example, regulations related to capital, with an additional, hard to believe, and, above all, illogical regulations, nor to no avail. It was necessary to introduce a continuous prudential supervision, but this thing is very expensive. Federal Financial Markets Service can not afford it themselves with the current budget, so you should look for some sort of scheme funding from the market. Vladislav Kochetkov, predpravleniya IK "Finam": - There remain many gaps in the regulation of the market - it is one of the most bureaucratic in the world, though that part of the necessary legislation is missing. It comes to a paradox: our European division of the right to open accounts remotely Russian clients, and the Russian - no. The biggest achievement of service - this is the beginning of active work to rid the market of dubious companies. This is related to the adoption of legislation on insider, wrestling with the schemes of legalization, etc. Oleg Telipko, Director General of the Criminal Code, "Agana": - The biggest mistake - association exchanges. Competition, in my opinion - a necessary condition for the development of market relations in our stock of the diocese. The availability and speed of new products, competition for commissions and service delivery was. Now we are strengthening the position of a "monster" MICEX, which was so clumsy, but now has become more and no alternative. But the greatest achievement in the time of Vladimir Milovidov - is openness, publicity and perseverance in achieving the objectives of promoting the stock industry, for example, started educational programs to train people such as financial literacy. He also was not afraid to reveal ulcers: revoke the license, submit to the court, conduct inspections regardless of the Table of Ranks.