Overview

• Elvira Nabiullina warned that a hardline, pre‑approval style regime risks stifling innovation, while too little oversight invites abuses and erodes public trust.
• She called for rethinking consumer‑protection tools to reflect how digital technologies reshape both risks and sales practices.
• Nabiullina argued that technology can also be part of the solution by reducing human‑factor mis‑selling and enabling better prevention.
• She noted Russia’s approach is less stringent than in some jurisdictions where regulators can halt product sales for proven mis‑selling or impose very large fines.
• Describing the complaint‑driven cycle of tightening rules or banning products as a dead end, she announced no new measures and framed the initiative as the start of broader discussions.