conflict of interest among analysts, when issuers choose those who are guarante to “draw” them beautiful iran telegram data reports. To this, Abasheeva respond that the Bank of Russia has well-establish mechanisms for working with a known problem: “A conflict of interest is a topic that is clear how to work with, because otherwise we would not have audit services or ratings of the same bonds. We do not see any problems here,” she notes.
According to her, independence
can be defin as the absence of other commercial interests of the person providing analytical services. Currently, the organizers of placements simultaneously evaluate the issuer and offer its shares to their clients when providing brokerage services, and acquire them for their portfolio.
Allocation Disclosure Requirement May Become Mandatory
In May 2024, the Central Bank attempt to “spur” issuers and placement organizers to be open by sending an information letter. In the document, the regulator propos that companies disclose their approaches to distributing shares among different categories builds cribility in the industry of investors before an IPO, and then publish information on the actual distribution of shares among buyers.
However, the information letter was advisory in nature and not all issuers he it. Currently, the Bank of Russia is ao lists considering the possibility of transferring recommendations to a mandatory level, Abasheeva not.
