Analysts support the Central Bank’s idea of the necessity of protection of the private investor. This statement of the head of the bank was sent out by the press service of VTB. However, the banker also stated out that it is important to find a balance between regulation and market development.

According to Kostin, unnecessary restrictions may lead to the fact that investors will look for an alternative and may leave the Russian securities market, opting for less understandable, transparent and reliable products such as gold, dollar, bitcoin. Or investors will open accounts with foreign brokers, with which they are much less protected from a legal point of view.

Andrey Kostin highlighted that one of the important results of 2020 is the entry of a mass private investor into the Russian market, meanwhile, the interests of clients are shifting towards investment products. According to the head of VTB, in the total portfolio of attracted funds from individuals of VTB, which is estimated at 6.8 trillion rubles, the volume of investment products is more than 1.8 trillion rubles.