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| Leading experts from Russia and the global markets in derivatives attended the international conference 'Derivatives in Russia'. |
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| The conference took place at the EBRD's headquarters in London. |
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| Axel Van Nederveen (right), EBRD Head of Treasury, and Alexei Timofeev (left), Chairman of the Board of the National Association of Securities Markets Participants. |
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| Olga Shishlyannikova, expert of the Federal Financial Markets Service, discusses prospects of new legislation and regulation of derivatives markets developed by the Russian government. |
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| The process of developing the Russian Master Agreement for Derivatives was analysed by Lyaylya Vildanova of the Freshfields Bruckhaus Deringer. |
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| Sergei Avramov, General Counsel of BNP Paribas Group Russia, spoke about the role of the foreign players in the Russian derivatives market and the development of a legal framework. |
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| Efforts of the financial industry to create a central clearing facility were the focus of a presentation by George Handjinicolaou, Deputy CEO of the International Swaps and Derivatives Association. |
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| Dmitry Piskulov, Chairman of the Committee for Professionalism, Ethics and Education, National Foreign Exchange Association of Russia. |
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| Peter Werner, Policy Director at the International Swaps and Derivatives Association addresses the conference. |
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| Manfred Schepers, EBRD Vice President for Finance, answers questions from the participants. |
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| The one-day conference is the second gathering of experts on the development of a Russian market in derivatives. The first took place in June 2007 in Moscow. |
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