Capital Markets and Non-bank Financial Institutions in Romania : Assessment of Key Issues and Recommendations for Development

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. 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.

Bibliographic Details

Main Author:	World Bank
Format:	Publication biblioteca
Language:	English en_US
Published:	Washington, DC 2005
Subjects:	ACCOUNTING, ACCOUNTING PRACTICES, AMERICAN DEPOSITORY RECEIPTS, ASSET MANAGEMENT, ASSET MANAGEMENT COMPANIES, ASSET VALUE, AUCTION, AUDITING, BALANCE OF PAYMENTS, BANK LENDING, BANKING CRISES, BANKING SECTOR, BANKING SYSTEM, BANKS, BENCHMARKING, BENCHMARKS, BID, BOND, BOND ISSUES, BOND MARKET, BONDS, BORROWING, BUSINESS ENVIRONMENT, CAPACITY BUILDING, CAPITAL MARKET, CAPITAL MARKETS, CAPITAL REQUIREMENTS, CAPITALIZATION, CASH MANAGEMENT, CLEARANCE, COLLATERAL, COMPANY LAW, COMPETITIVENESS, CONSOLIDATED SUPERVISION, CONSOLIDATION, CORPORATE BONDS, CORPORATE FINANCE, CORPORATE GOVERNANCE, CREDIT INSTITUTIONS, CREDIT INSURANCE, CREDIT RATING AGENCIES, CREDIT RISK, CURRENT ACCOUNT/, DEALERS, DEBT, DEBT SECURITIES, DELIVERY VERSUS PAYMENT, DEPOSITORY, DEPOSITORY RECEIPTS, DIRECT INVESTMENT, DISCLOSURE, DOMESTIC CAPITAL MARKETS, DOMESTIC SECURITIES, DVP, EMERGING MARKETS, EQUITY MARKETS, EUROBOND MARKET, FACTORING, FIDUCIARY DUTIES, FINANCIAL ACCOUNTING, FINANCIAL ASSETS, FINANCIAL CONGLOMERATES, FINANCIAL INFORMATION, FINANCIAL INSTITUTIONS, FINANCIAL MANAGEMENT, FINANCIAL MARKET, FINANCIAL MARKETS, FINANCIAL PERFORMANCE, FINANCIAL REPORTING, FINANCIAL RESOURCES, FINANCIAL SECTOR, FINANCIAL SERVICES, FINANCIAL SYSTEM, FISCAL DEFICITS, FOREIGN BANKS, FOREIGN DIRECT INVESTMENT, GDP, GOVERNMENT BONDS, GOVERNMENT SECURITIES, GROSS DOMESTIC PRODUCT, GROSS SETTLEMENT, GROSS SETTLEMENT SYSTEM, HOUSING, HOUSING FINANCE, INCOME, INFLATION, INFLATION RATE, INFLATION RATES, INFORMATION DISCLOSURE, INSTITUTIONAL INVESTORS, INSURANCE, INSURANCE COMPANIES, INTERNATIONAL ACCOUNTING STANDARDS, INTERNATIONAL DEVELOPMENT, INTERNATIONAL FINANCE, INTERNATIONAL FINANCIAL INSTITUTIONS, INTERNATIONAL FINANCIAL STATISTICS, INVESTMENT COMPANIES, INVESTMENT FLOWS, INVESTMENT FUND, INVESTMENT POLICY, INVESTMENT REQUIREMENTS, ISSUERS, JOINT STOCK, LAWS, LEASING, LEASING COMPANIES, LEGISLATION, LIFE INSURANCE, LOCAL ADMINISTRATION, LOCAL CAPITAL MARKETS, LOCAL GOVERNMENTS, MACROECONOMIC PERFORMANCE, MARKET PARTICIPANTS, MATURITIES, MATURITY, MERGERS, MIGRATION, MONEY LAUNDERING, MONEY MARKET, MONEY MARKET INSTRUMENTS, MORTGAGE BONDS, MORTGAGE SECURITIES, MORTGAGES, MUNICIPAL BONDS, MUNICIPAL FINANCE, MUNICIPALITIES, MUTUAL FUND, MUTUAL FUNDS, NATIONAL INCOME, NONBANKS, ORGANIZATIONAL STRUCTURE, PENSION FUNDS, PENSIONS, PER CAPITA INCOME, PER CAPITA INCOMES, PORTFOLIO, PRIVATE DEBT, PRIVATE INVESTORS, PRIVATE PENSION, PRIVATIZATION, PUBLIC DEBT, PUBLIC FINANCE, RATING AGENCIES, REAL GDP, REAL SECTOR, REGULATORY FRAMEWORK, REGULATORY REFORM, REPURCHASE AGREEMENT, RETAINED EARNINGS, RETIREMENT, RTGS, SAVINGS, SECURITIES, SECURITIES DEALERS, SECURITIES MARKETS, SECURITIZATION, SHARE CAPITAL, SHAREHOLDERS, STATE ENTERPRISES, STOCK EXCHANGE, STOCK MARKET, SUPERVISORY AGENCIES, SUPERVISORY AUTHORITIES, T-BILLS, TAX INCENTIVES, TRADE VOLUME, TRANSITION ECONOMIES, TRANSPARENCY, WORKING CAPITAL, YIELD CURVES,
Online Access:	http://documents.worldbank.org/curated/en/2004/11/5518648/capital-markets-non-bank-financial-institutions-romania-assessment-key-issues-recommendations-development http://hdl.handle.net/10986/14867
Tags:	Add Tag No Tags, Be the first to tag this record!