Moscow Exchange Chair Proposes Cutting Auditor Registry to Match Demand

Sergey Shvetsov, chairman of the Moscow Exchange supervisory board, proposed raising the entry threshold for the auditor registry to sharply reduce the number of audit firms, arguing supply should match demand. This signals potential regulatory tightening in Russia's financial oversight, which could reduce competition and increase concentration among audit firms. The proposal is at an early stage, with no concrete thresholds or timeline specified.

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