8 Nov 2023 14:14

Brokers must warn about risks of investment in foreign shares - Nabiullina

MOSCOW. Nov 8 (Interfax) - Brokers should warn investors about the risks of investing in foreign securities, even of friendly countries, Central Bank of Russia (CBR) Governor Elvira Nabiullina told reporters on the sidelines of the Finopolis forum.

"We believe that there are indeed certain risks in investing in securities even of friendly countries, because these are risks of another jurisdiction. So these are additional risks. And yet we believe that unqualified investors in certain cases may have access to diversify their investments," Nabiullina said.

"But, of course, it is very important here to work on informing about these risks. We are warning brokers to inform potential investors," she added.

The Central Bank will closely monitor all capital market risks for unqualified investors, Nabiullina said.