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Capital Markets And Non Bank Financial Institutions In Romania
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Book Synopsis Capital Markets and Non-bank Financial Institutions in Romania by : Ramin Shojai
Download or read book Capital Markets and Non-bank Financial Institutions in Romania written by Ramin Shojai and published by World Bank Publications. This book was released on 2005 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt: Capital Markets and Non-bank Financial Institutions in Romania is part of the World Bank Working Paper series. These papers are published to communicate the results of the Bank's ongoing research and to stimulate public discussion. 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.
Author :International Monetary Fund. Monetary and Capital Markets Department Publisher :International Monetary Fund ISBN 13 :1484361350 Total Pages :63 pages Book Rating :4.4/5 (843 download)
Book Synopsis Romania by : International Monetary Fund. Monetary and Capital Markets Department
Download or read book Romania written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2018-06-08 with total page 63 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Financial Sector Assessment Program (FSAP) took place against a backdrop of improved resilience and recovery after the crisis. Romanian banks enjoy one of the highest capitalization ratios in Europe, significantly strengthened since the crisis. NPLs have declined to 6.4 percent as of December 2017 from their peak of 21.5 percent following the crisis. Banks’ reliance on parent funding has also reduced significantly, and the share of foreign currency-denominated loans has declined. The banking sector’s profitability is strong and liquidity appears ample.
Book Synopsis ROMANIAN FINANCIAL SYSTEM REFORM by : ANNA MEYENDORFF AND ANJAN V. THAKOR
Download or read book ROMANIAN FINANCIAL SYSTEM REFORM written by ANNA MEYENDORFF AND ANJAN V. THAKOR and published by . This book was released on 1997 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Capital Markets And Non-bank Financial Institutions In Romania by : Ramin Shojai
Download or read book Capital Markets And Non-bank Financial Institutions In Romania written by Ramin Shojai and published by World Bank Publications. This book was released on 2005 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Romania by : International Monetary Fund
Download or read book Romania written by International Monetary Fund and published by International Monetary Fund. This book was released on 2010-02-26 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses key findings of the financial sector stability assessment for Romania. The assessment reveals that in recent years, Romania’s financial sector regulatory authorities have made significant progress in adopting international best practices, including through transposition of European Union directives, as well as through implementation of many of the recommendations of the 2003 Financial Sector Assessment Program. In the current circumstances, a number of measures to strengthen the crisis management and safety net framework are recommended.
Download or read book Financial Stability Report written by and published by . This book was released on 2006 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Development and Regulation of Non-bank Financial Institutions by : Jeffrey Carmichael
Download or read book The Development and Regulation of Non-bank Financial Institutions written by Jeffrey Carmichael and published by World Bank Publications. This book was released on 2002-01-01 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book aims to create an awareness of the potential of non-bank financial institutions (NBFIs) for developing countries, and to assist policy makers in the creation of coherent policy structures and effective regulatory systems for the development of these institutions. It considers the essential functions and characteristics of non-bank financial institutions and includes chapters on insurance companies, mutual funds and pension schemes, securities markets, and leasing and real estate companies.
Book Synopsis The Role of Financial Institutions in the Transition to a Market Economy by : Mr.Michael G. Spencer
Download or read book The Role of Financial Institutions in the Transition to a Market Economy written by Mr.Michael G. Spencer and published by International Monetary Fund. This book was released on 1993-10 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial institutions intermediate between savers and investors and contribute to corporate governance. Equity and bond markets in the former centrally planned economies are not yet in a position adequately to provide these services. It is not yet clear that investment funds will provide the necessary financing and corporate management. Therefore the first priority for financial sector reforms must be to establish a healthy commercial banking sector. Banks are the most promising source of financing, provide payment services which are crucial to both the real and financial sectors and, by monitoring the use of loaned funds, will be the primary source of corporate governance during the transformation to a market economy.
Book Synopsis Financial Markets in Central and Eastern Europe by : Morten Balling
Download or read book Financial Markets in Central and Eastern Europe written by Morten Balling and published by Routledge. This book was released on 2004-08-02 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: The countries of Central and Eastern Europe have been through a profound transition process for more than a decade now. The financial sectors and markets in the region have been subject to major structural reforms including privatization, liberalization and the acquisition by foreign banks of controlling interests in local financial institutions. This important new book includes papers that chart this process. Topics discussed include the implications of future EU membership, and the strategies pursued by the World Bank and International Monetary Fund.
Book Synopsis Transitional Economies by : Y. Kalyuzhnova
Download or read book Transitional Economies written by Y. Kalyuzhnova and published by Springer. This book was released on 2001-07-19 with total page 269 pages. Available in PDF, EPUB and Kindle. Book excerpt: The integration of the countries of Central and Eastern Europe and the Commonwealth of Independent States international financial system was arguably one of the most profound changes experienced by the world economy in the 1990s. This book examines these countries in reforming their financial systems in the first decade of transition. Through case studies as well as more thematic approaches contributors deal with crucial elements of building a market-based financial system, the transformation of the banking sector, and non-bank reform and regulation of financial markets. They emphasise the importance of institution-building to the process of financial sector transformation and highlight the lessons to be learned from transitional financial experiences.
Download or read book Republic of Romania written by Weltbank and published by . This book was released on 2009 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This financial sector assessment (FSA) summarizes the key findings and recommendations of the 2008 FSAP update report for Romania. The main findings of the FSAP update are: the financial system entered the crisis well capitalized and with high liquidity buffers, and the four financial sector regulatory authorities have made significant progress in adopting international best practice, including through transposition of European Union (EU) directives, and implementation of many of the recommendations of the 2003 FSAP. While the banking system is currently well capitalized, the rapid deterioration in economic conditions and the depreciation of the leu may put strains on bank capital. The measures to strengthen the system are needed: an ex ante strengthening of capital positions is warranted; the overall exposure of foreign parent banks to Romania should be maintained; banks need to develop effective debt restructuring or workout procedures for household and corporate clients; crisis management coordination should be accelerated; bank resolution powers strengthened; and deposit insurance funding and payout arrangements improved. Some cross-sectoral themes emerge to strengthen the supervisory frameworks, including the need to strengthen the political independence and financial autonomy of the non-bank financial regulators; better cross-sectoral cooperation in supervision of financial groups; further movement toward a more risk-based approach to supervision; better consistency in valuation rules for market instruments; adoption of international financial reporting standards (IFRS) accounting; and in the banking sector, strengthening of the basel two implementation framework. Longer term developmental issues include the need to address obstacles to capital market development, certain risks in insurance, and to ensure sustainability of the pension system reform.
Book Synopsis Capital Markets and Non-bank Financial Institutions in Romania by : Ramin Shojai
Download or read book Capital Markets and Non-bank Financial Institutions in Romania written by Ramin Shojai and published by World Bank Publications. This book was released on 2005 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt: Capital Markets and Non-bank Financial Institutions in Romaniais part of the World Bank Working Paper series. These papers are published to communicate the results of the Bank's ongoing research and to stimulate public discussion. 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 Synopsis Capital Market Review of Romania Towards a National Strategy by : OECD
Download or read book Capital Market Review of Romania Towards a National Strategy written by OECD and published by OECD Publishing. This book was released on 2022-06-27 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication provides a comprehensive overview of capital markets in Romania, focusing on conditions for stock market listing, secondary stock market liquidity, growth markets, modalities for household savings, institutional investors and market-based debt financing.
Book Synopsis Seminar on the Establishment of Securities Markets in Countries in Transition, Sinaia, Romania, 26th-28th May 1993 by :
Download or read book Seminar on the Establishment of Securities Markets in Countries in Transition, Sinaia, Romania, 26th-28th May 1993 written by and published by . This book was released on 1993 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Development and Reform of Financial Systems in Central and Eastern Europe by : John Bonin
Download or read book The Development and Reform of Financial Systems in Central and Eastern Europe written by John Bonin and published by Edward Elgar Publishing. This book was released on 1994 with total page 394 pages. Available in PDF, EPUB and Kindle. Book excerpt: Covers the different ways in which financial systems have changed and been developed in Central and Eastern Europe during the recent upheavals and collapse of communism. Banking is examined in the protomarket period; for independence in the transitional economies; and in liberalization.
Book Synopsis Money, Banking and Financial Markets in Central and Eastern Europe by : R. Matousek
Download or read book Money, Banking and Financial Markets in Central and Eastern Europe written by R. Matousek and published by Springer. This book was released on 2015-12-04 with total page 299 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a deep insight into the market changes and policy challenges that transition economies have undergone in the last twenty years. It not only comments on and evaluates the development of financial markets in transition economies, but also highlights the key obstacles to full integration of financial markets into the EU market.
Book Synopsis Early Development of the Romania's Banking System and the Role of Foreign Banks by : Arnaldo Mauri
Download or read book Early Development of the Romania's Banking System and the Role of Foreign Banks written by Arnaldo Mauri and published by . This book was released on 2008 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper presents an historical synthesis of the rise and early growth of banking industry in Romania from mid-XIX century to the outbreak of World War I and concentrates on the last decades of this period. The idea of a single national bank of issue under the control of the government had been raised during the 1848 revolution, but it was for years just a topic for study and discussion without any concrete development. Therefore, the most significant step in building the foundations of a banking system was the establishment, in 1880, of the National Bank of Romania. Only one-third of its shares were subscribed by the Government whilst two thirds were in private hands, both domestic and foreign. Then, the study highlights the substantial input, both in terms of capital and know-how (modern operating standards in commercial banking and investment banking), provided by financial institutions of industrial advanced European countries to the establishment of domestic financial intermediaries and, by this way, to support the development process of Romanian banking system. The role of banks in promoting the growth of the Romanian economy in the turn of the century by gathering huge amounts of financial capital and by directing funds into the most promising investment projects has been widely recognized. The economic development of the country was, in fact, the result of capital inflows and of improvements in exploiting domestic natural resources. Finally, the paper examines the development of banking in Transylvania in the time when this region was under Austro-Hungarian rule.
