President, Association of Regional Banks of Russia Anatoly Aksakov attended the Sixth International Conference «Russian market of 2007»
The conference was organized by Association of Russia »and the International Exhibition Agency IFA with support from the Russian State Duma, Ministry of Economic Development of Russia, Federation Council of Federal Assembly of the Russian Federation, Department for support and development of small business in Moscow, Russian Agency for Small and Medium Business, MAP and MIBA. The main theme of the conference was to discuss the current state of the public and banking policy in regard to Russian businessmen, as well as to develop specific proposals to address urgent problems.
The report of the President of the Association of Regional Banks of Russia Anatoly Aksakov «Small business in today's society» was reviewed the current status of small and medium-sized businesses in Russia, problems of development, prospects of development in the area of small business lending. In particular, Anatoly Aksakov analyzed the effects of international debt crisis in the Russian debt market and reducing the availability of credit to SMEs. He elaborated on the management of credit risk in lending to SMEs (market hedging derivatives, securitization, insurance, security (mortgage), financial innovation in terms of prospects for cross-border securitization of loan portfolios, explained the essence of the modernization of the law of the pledge as a means of increase in lending.
Sixth International Conference «Russian market of 2007» was held in the form of active discussion in which leading experts from the financial market, including Anatoly Aksakov, responded to questions raised by delegates to the forum.
