Capital markets and non-bank financial institutions in Romania : assessment of key issues and recommendations for development
- Bib ID:
- 3416091
- Format:
- Book
- Description:
-
- Washington, DC : World Bank, c2005
- xvii, 90 p. ; 25 cm.
- ISBN:
- 0821360159
- Series:
- World Bank working paper ; no. 45.
- Summary:
-
"With only three years remaining before joining the European Union, Romania is working hard to improve its capital markets and non-bank financial institutions, which remain less developed than those in other accession countries. Strengthening these sectors has become a top priority for policymakers, whose primary objective is to ensure that the financial system is sufficiently developed to serve the growing demands of the Romanian economy." "During 2003 and 2004, the Romanian authorities made significant efforts to draft, adopt, and enact new legislation to align Romania with EU financial directives. Despite these efforts, however, challenges remain in the area of supervisory capacity and the implementation of laws and regulations.".
"This study assesses key issues and recommendations for development, and reviews the specific changes which are necessary in four areas: structural reforms, market institutions, and infrastructure; accounting, transparency, and disclosure; market infrastructure; and credit enhancements."--BOOK JACKET.
- Full contents:
-
- 1. Introduction
- 2. Recent evolution of NBFIs in Romania
- 3. Capital markets and NBFIs : key challenges and recommended policy reforms
- 4. Proposed action plan.
- Notes:
- Includes bibliographical references.
- Subject:
- Other authors/contributors:
- Noël, Michel, 1954-
- Copyright:
-
In Copyright
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Copyright status was determined using the following information:
- Material type:
- Literary Dramatic Musical
- Published status:
- Published
- Publication date:
- 2005
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