Nizhny Novgorod region joins the International Investor Week
From October 1 to October 7, representatives of the Volga-Vyatka State Bank of Russia and the Administration of the Consumer Rights Protection and Accessibility Services of the Bank of Russia held a series of lectures for students of Nizhny Novgorod universities on stock market opportunities. Students learned about the investment market, what types of cash investments exist, and how to evaluate risks.
The classes were held in the framework of the International Investor Week initiated by the International Organization of Securities Commissions (IOSCO) and organized by the Bank of Russia throughout the country. For the first time, the Investor Week was held a year ago with 80 countries taking part, including Russia. In the Nizhny Novgorod region, lectures were presented in a number of universities, including the Institute of Economics and Entrepreneurship at Lobachevsky University. Innovation development in the financial sector and the expanding use of digital technologies impose new requirements on financial services consumers’ level of competence and their security. Therefore, the Investor Week is an opportunity for financial regulators in many countries to jointly discuss how to enhance financial education for investors and how to protect their rights at the national and international level. “When investing, it is important to understand that the higher the projected return on investments, the higher the risk of losing investments,” noted Kirill Kovalenko, first deputy head of the Volga-Vyatka State Bank. “Therefore, it is so important to know what the various investment products are, and to understand which of them should be used in which cases. It is this competent approach to making financial decisions that we are going to teach to students during the Investor Week.”