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Capital Markets and Non-bank Financial Institutions in Romania : Assessment of Key Issues and Recommendations for Development.
"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 policyma...
| Clasificación: | Libro Electrónico |
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| Otros Autores: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Washington, DC :
World Bank,
©2005.
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| Colección: | World Bank working paper ;
no. 45. World Bank e-Library. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | "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."--Jacket. |
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| Descripción Física: | 1 online resource (xvii, 90 pages) |
| Bibliografía: | Includes bibliographical references. |
| ISBN: | 9780821360156 0821360159 1417568011 9781417568017 1280084936 9781280084935 6610084939 9786610084937 |