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Economy Ministry claims no mega-regulator necessary

      RBC, 11.09.2007, Moscow 10:41:22.There is no need to create a mega-regulator for financial markets, as the unified legislative system already acts as one, an Economy Ministry representative told journalists today. As reported earlier, the concept of a single multi-functional state body regulating financial markets was being developed by the Federal Financial Market Service under its former chief Oleg Vyugin.

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