The creation of its own platform of the Individuals’ Deposit Insurance Fund is one of the ways to ensure transparent sale of bank assets, Head of Consolidated Asset Sale and Management Department of the IDIF Julia Bereshchenko said in the interview to FinClub.

“The Asset Management Department was working with one of software developers  over the  question of creation of its own sales platform, to which each exchange is connected as the broker and submits the application to the book, which the Fund can keep”, said Bereshchenko.

In her opinion, it would allow to accept applications from the buyers through all exchanges, and not only through one as now.

It refers to the fact that though the Fund works with 50 exchanges, including 32 platforms, which conduct electronic auctions, any of the traded assets could be put up to auction only one platform, the edition writes.

The necessity of changing the auction model was caused by the fact that there are many complaints about platforms.

“The investors, participating in the auctions, come to us and complain about the procedures, which in their opinion, do not work. It refers to the restricted access to registration at the exchange for participating in the auction and unfair algorithms of accepting applications”, - the Fund Department Directors said.

“I am not the regulator of exchanges, but the Fund incurs a significant reputational risk, if we prepared an asset for sale, and the buyer can’t realize his right to purchase it due to unfair actions of exchanges”, Bereshchenko said.

As it is noted, first of all, IDIF wanted that the regulator of these exchanges – MEDT (in future, NSSMC can become the regulator) – created the “field, in which the exchange will fulfill its functions”.

If it does not happen, then the platform under the auspices of IDIF will be created, or the auction will be transferred to the platform of the Ministry of Justice – SETAM.

“This (SETAM) is one of the options, which we are discussing. If the regulator cannot ensure the fair attitude to buyers, then we have the exchange, which is state owned. There we have more certainty that the state will ensure fairer attitude to potential investors”, - she responded.