Development of Capital Markets and Institutional Investors in Russia : Recent Achievements and Policy Challenges Ahead

This study reviews the recent developments in capital markets and institutional investors in Russia, and examines the policy challenges ahead for the development of the sector. The analysis covers key impediments for further development and policy...

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Main Authors:	Noel, Michel, Kantur, Zeynep, Krasnov, Evgeny, Rutledge, Sue
Format:	Publication
Language:	English en_US
Published:	Washington, DC: World Bank 2012
Subjects:	ACCOUNTING ASSET MANAGEMENT ASSET MANAGEMENT COMPANIES ASSETS AUDITORS BANK LOANS BANKING SECTOR BANKRUPTCY BANKS BENCHMARK BENCHMARKS BENEFICIAL OWNERS BOND ISSUES BOND MARKETS BONDS CAPITAL MARKET CAPITAL MARKETS CAPITAL REQUIREMENTS CAPITALIZATION CD CENTRAL BANK COMMERCIAL BANKS COMPANY COMPETITIVENESS COMPULSORY INSURANCE CONSOLIDATION CONSUMER PROTECTION CONTROLLING SHAREHOLDER CORPORATE GOVERNANCE CORPORATE GOVERNANCE CODE CORPORATIONS CREDIT RISK DEBT DEPOSIT INSURANCE DEPOSITS DERIVATIVES DEVELOPMENT DOMESTIC MARKET ECONOMIC COOPERATION EMERGING MARKET ENFORCEMENT POWERS ESTATE FINANCIAL CONGLOMERATES FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL INTERMEDIATION FINANCIAL MARKET FINANCIAL REPORTING FINANCIAL SECTOR FINANCIAL STATEMENTS FISCAL POLICIES GDP GOVERNMENT BONDS GRAY MARKET GROSS DOMESTIC PRODUCT HOSTILE TAKEOVER INFLATION INITIAL PUBLIC OFFERING INSIDE INFORMATION INSIDER TRADING INSTITUTIONAL INVESTORS INSURANCE INSURANCE COMPANIES INSURANCE PREMIUMS INSURANCE SUPERVISION INTEREST RATES INTERNATIONAL MARKETS INVESTIGATION INVESTMENT BANKS INVESTMENT COMPANIES LARGE COMPANIES LAWS LEGAL ENTITY LEGAL PROTECTION LEGISLATION LIMITED LIQUIDITY M2 MACROECONOMIC STABILITY MAJOR SHAREHOLDERS MANAGERS MARKET MARKET CONDITIONS MARKET DEVELOPMENT MARKET FRAGMENTATION MARKET INSTITUTIONS MARKET PENETRATION MARKET RISK MARKET SEGMENT MARKET STRUCTURE MATURITIES MERGERS MONEY CENTER BANKS MONEY MARKET MONEY MARKET FUNDS MOTOR THIRD PARTY LIABILITY INSURANCE MUNICIPALITIES MUTUAL FUNDS NATIONAL ASSOCIATION NATURAL PERSONS NON-BANK NON-LIFE INSURANCE PARENT COMPANY PENALTIES PENSION FUNDS POCKET BANKS PORTFOLIO PRIVATE ENTERPRISE PROFITABILITY PROPERTY INSURANCE PROTECTION OF INVESTORS PUT OPTION PUT OPTIONS REGIONAL BANKS REGULATORY FRAMEWORK REINSURANCE REINSURANCE MARKETS SAVINGS SECURITIES SECURITIZATION SETTLEMENT SYSTEMS SHAREHOLDER SHAREHOLDERS SPREAD STOCK EXCHANGE STOCK MARKET STOCKS STRUCTURAL DEFICITS SUBSIDIARY SUBSTITUTION SURPLUSES TAKEOVER TRANSACTIONS COSTS TURNOVER UNION VALUATION VENTURE CAPITAL VESTED RIGHTS YIELD TO MATURITY
Online Access:	http://documents.worldbank.org/curated/en/2006/06/7046839/development-capital-markets-institutional-investors-russia-recent-achievements-policy-challenges-ahead http://hdl.handle.net/10986/7087

id	okr-10986-7087
recordtype	oai_dc
spelling	okr-10986-70872021-04-23T14:02:27Z Development of Capital Markets and Institutional Investors in Russia : Recent Achievements and Policy Challenges Ahead Noel, Michel Kantur, Zeynep Krasnov, Evgeny Rutledge, Sue ACCOUNTING ASSET MANAGEMENT ASSET MANAGEMENT COMPANIES ASSETS AUDITORS BANK LOANS BANKING SECTOR BANKRUPTCY BANKS BENCHMARK BENCHMARKS BENEFICIAL OWNERS BOND ISSUES BOND MARKETS BONDS CAPITAL MARKET CAPITAL MARKETS CAPITAL REQUIREMENTS CAPITALIZATION CD CENTRAL BANK COMMERCIAL BANKS COMPANY COMPETITIVENESS COMPULSORY INSURANCE CONSOLIDATION CONSUMER PROTECTION CONTROLLING SHAREHOLDER CORPORATE GOVERNANCE CORPORATE GOVERNANCE CODE CORPORATIONS CREDIT RISK DEBT DEPOSIT INSURANCE DEPOSITS DERIVATIVES DEVELOPMENT DOMESTIC MARKET ECONOMIC COOPERATION EMERGING MARKET ENFORCEMENT POWERS ESTATE FINANCIAL CONGLOMERATES FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL INTERMEDIATION FINANCIAL MARKET FINANCIAL REPORTING FINANCIAL SECTOR FINANCIAL STATEMENTS FISCAL POLICIES GDP GOVERNMENT BONDS GRAY MARKET GROSS DOMESTIC PRODUCT HOSTILE TAKEOVER INFLATION INITIAL PUBLIC OFFERING INSIDE INFORMATION INSIDER TRADING INSTITUTIONAL INVESTORS INSURANCE INSURANCE COMPANIES INSURANCE PREMIUMS INSURANCE SUPERVISION INTEREST RATES INTERNATIONAL MARKETS INVESTIGATION INVESTMENT BANKS INVESTMENT COMPANIES LARGE COMPANIES LAWS LEGAL ENTITY LEGAL PROTECTION LEGISLATION LIMITED LIQUIDITY M2 MACROECONOMIC STABILITY MAJOR SHAREHOLDERS MANAGERS MARKET MARKET CONDITIONS MARKET DEVELOPMENT MARKET FRAGMENTATION MARKET INSTITUTIONS MARKET PENETRATION MARKET RISK MARKET SEGMENT MARKET STRUCTURE MATURITIES MERGERS MONEY CENTER BANKS MONEY MARKET MONEY MARKET FUNDS MOTOR THIRD PARTY LIABILITY INSURANCE MUNICIPALITIES MUTUAL FUNDS NATIONAL ASSOCIATION NATURAL PERSONS NON-BANK NON-LIFE INSURANCE PARENT COMPANY PENALTIES PENSION FUNDS POCKET BANKS PORTFOLIO PRIVATE ENTERPRISE PROFITABILITY PROPERTY INSURANCE PROTECTION OF INVESTORS PUT OPTION PUT OPTIONS REGIONAL BANKS REGULATORY FRAMEWORK REINSURANCE REINSURANCE MARKETS SAVINGS SECURITIES SECURITIZATION SETTLEMENT SYSTEMS SHAREHOLDER SHAREHOLDERS SPREAD STOCK EXCHANGE STOCK MARKET STOCKS STRUCTURAL DEFICITS SUBSIDIARY SUBSTITUTION SURPLUSES TAKEOVER TRANSACTIONS COSTS TURNOVER UNION VALUATION VENTURE CAPITAL VESTED RIGHTS YIELD TO MATURITY This study reviews the recent developments in capital markets and institutional investors in Russia, and examines the policy challenges ahead for the development of the sector. The analysis covers key impediments for further development and policy challenges for securities markets, in particular legal and regulatory framework, market infrastructure, government bonds, sub-sovereign bonds, corporate bonds, and equities. The analysis also covers key impediments for further development and policy challenges for mutual funds, pension funds, and insurance companies. 2012-06-05T14:10:18Z 2012-06-05T14:10:18Z 2006 http://documents.worldbank.org/curated/en/2006/06/7046839/development-capital-markets-institutional-investors-russia-recent-achievements-policy-challenges-ahead 978-0-8213-6794-0 http://hdl.handle.net/10986/7087 English en_US World Bank Working Paper No. 87 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research :: Publication Publications & Research :: Publication Europe and Central Asia Commonwealth of Independent States Eastern Europe Russian Federation
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	ACCOUNTING ASSET MANAGEMENT ASSET MANAGEMENT COMPANIES ASSETS AUDITORS BANK LOANS BANKING SECTOR BANKRUPTCY BANKS BENCHMARK BENCHMARKS BENEFICIAL OWNERS BOND ISSUES BOND MARKETS BONDS CAPITAL MARKET CAPITAL MARKETS CAPITAL REQUIREMENTS CAPITALIZATION CD CENTRAL BANK COMMERCIAL BANKS COMPANY COMPETITIVENESS COMPULSORY INSURANCE CONSOLIDATION CONSUMER PROTECTION CONTROLLING SHAREHOLDER CORPORATE GOVERNANCE CORPORATE GOVERNANCE CODE CORPORATIONS CREDIT RISK DEBT DEPOSIT INSURANCE DEPOSITS DERIVATIVES DEVELOPMENT DOMESTIC MARKET ECONOMIC COOPERATION EMERGING MARKET ENFORCEMENT POWERS ESTATE FINANCIAL CONGLOMERATES FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL INTERMEDIATION FINANCIAL MARKET FINANCIAL REPORTING FINANCIAL SECTOR FINANCIAL STATEMENTS FISCAL POLICIES GDP GOVERNMENT BONDS GRAY MARKET GROSS DOMESTIC PRODUCT HOSTILE TAKEOVER INFLATION INITIAL PUBLIC OFFERING INSIDE INFORMATION INSIDER TRADING INSTITUTIONAL INVESTORS INSURANCE INSURANCE COMPANIES INSURANCE PREMIUMS INSURANCE SUPERVISION INTEREST RATES INTERNATIONAL MARKETS INVESTIGATION INVESTMENT BANKS INVESTMENT COMPANIES LARGE COMPANIES LAWS LEGAL ENTITY LEGAL PROTECTION LEGISLATION LIMITED LIQUIDITY M2 MACROECONOMIC STABILITY MAJOR SHAREHOLDERS MANAGERS MARKET MARKET CONDITIONS MARKET DEVELOPMENT MARKET FRAGMENTATION MARKET INSTITUTIONS MARKET PENETRATION MARKET RISK MARKET SEGMENT MARKET STRUCTURE MATURITIES MERGERS MONEY CENTER BANKS MONEY MARKET MONEY MARKET FUNDS MOTOR THIRD PARTY LIABILITY INSURANCE MUNICIPALITIES MUTUAL FUNDS NATIONAL ASSOCIATION NATURAL PERSONS NON-BANK NON-LIFE INSURANCE PARENT COMPANY PENALTIES PENSION FUNDS POCKET BANKS PORTFOLIO PRIVATE ENTERPRISE PROFITABILITY PROPERTY INSURANCE PROTECTION OF INVESTORS PUT OPTION PUT OPTIONS REGIONAL BANKS REGULATORY FRAMEWORK REINSURANCE REINSURANCE MARKETS SAVINGS SECURITIES SECURITIZATION SETTLEMENT SYSTEMS SHAREHOLDER SHAREHOLDERS SPREAD STOCK EXCHANGE STOCK MARKET STOCKS STRUCTURAL DEFICITS SUBSIDIARY SUBSTITUTION SURPLUSES TAKEOVER TRANSACTIONS COSTS TURNOVER UNION VALUATION VENTURE CAPITAL VESTED RIGHTS YIELD TO MATURITY
spellingShingle	ACCOUNTING ASSET MANAGEMENT ASSET MANAGEMENT COMPANIES ASSETS AUDITORS BANK LOANS BANKING SECTOR BANKRUPTCY BANKS BENCHMARK BENCHMARKS BENEFICIAL OWNERS BOND ISSUES BOND MARKETS BONDS CAPITAL MARKET CAPITAL MARKETS CAPITAL REQUIREMENTS CAPITALIZATION CD CENTRAL BANK COMMERCIAL BANKS COMPANY COMPETITIVENESS COMPULSORY INSURANCE CONSOLIDATION CONSUMER PROTECTION CONTROLLING SHAREHOLDER CORPORATE GOVERNANCE CORPORATE GOVERNANCE CODE CORPORATIONS CREDIT RISK DEBT DEPOSIT INSURANCE DEPOSITS DERIVATIVES DEVELOPMENT DOMESTIC MARKET ECONOMIC COOPERATION EMERGING MARKET ENFORCEMENT POWERS ESTATE FINANCIAL CONGLOMERATES FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL INTERMEDIATION FINANCIAL MARKET FINANCIAL REPORTING FINANCIAL SECTOR FINANCIAL STATEMENTS FISCAL POLICIES GDP GOVERNMENT BONDS GRAY MARKET GROSS DOMESTIC PRODUCT HOSTILE TAKEOVER INFLATION INITIAL PUBLIC OFFERING INSIDE INFORMATION INSIDER TRADING INSTITUTIONAL INVESTORS INSURANCE INSURANCE COMPANIES INSURANCE PREMIUMS INSURANCE SUPERVISION INTEREST RATES INTERNATIONAL MARKETS INVESTIGATION INVESTMENT BANKS INVESTMENT COMPANIES LARGE COMPANIES LAWS LEGAL ENTITY LEGAL PROTECTION LEGISLATION LIMITED LIQUIDITY M2 MACROECONOMIC STABILITY MAJOR SHAREHOLDERS MANAGERS MARKET MARKET CONDITIONS MARKET DEVELOPMENT MARKET FRAGMENTATION MARKET INSTITUTIONS MARKET PENETRATION MARKET RISK MARKET SEGMENT MARKET STRUCTURE MATURITIES MERGERS MONEY CENTER BANKS MONEY MARKET MONEY MARKET FUNDS MOTOR THIRD PARTY LIABILITY INSURANCE MUNICIPALITIES MUTUAL FUNDS NATIONAL ASSOCIATION NATURAL PERSONS NON-BANK NON-LIFE INSURANCE PARENT COMPANY PENALTIES PENSION FUNDS POCKET BANKS PORTFOLIO PRIVATE ENTERPRISE PROFITABILITY PROPERTY INSURANCE PROTECTION OF INVESTORS PUT OPTION PUT OPTIONS REGIONAL BANKS REGULATORY FRAMEWORK REINSURANCE REINSURANCE MARKETS SAVINGS SECURITIES SECURITIZATION SETTLEMENT SYSTEMS SHAREHOLDER SHAREHOLDERS SPREAD STOCK EXCHANGE STOCK MARKET STOCKS STRUCTURAL DEFICITS SUBSIDIARY SUBSTITUTION SURPLUSES TAKEOVER TRANSACTIONS COSTS TURNOVER UNION VALUATION VENTURE CAPITAL VESTED RIGHTS YIELD TO MATURITY Noel, Michel Kantur, Zeynep Krasnov, Evgeny Rutledge, Sue Development of Capital Markets and Institutional Investors in Russia : Recent Achievements and Policy Challenges Ahead
geographic_facet	Europe and Central Asia Commonwealth of Independent States Eastern Europe Russian Federation
relation	World Bank Working Paper No. 87
description	This study reviews the recent developments in capital markets and institutional investors in Russia, and examines the policy challenges ahead for the development of the sector. The analysis covers key impediments for further development and policy challenges for securities markets, in particular legal and regulatory framework, market infrastructure, government bonds, sub-sovereign bonds, corporate bonds, and equities. The analysis also covers key impediments for further development and policy challenges for mutual funds, pension funds, and insurance companies.
format	Publications & Research :: Publication
author	Noel, Michel Kantur, Zeynep Krasnov, Evgeny Rutledge, Sue
author_facet	Noel, Michel Kantur, Zeynep Krasnov, Evgeny Rutledge, Sue
author_sort	Noel, Michel
title	Development of Capital Markets and Institutional Investors in Russia : Recent Achievements and Policy Challenges Ahead
title_short	Development of Capital Markets and Institutional Investors in Russia : Recent Achievements and Policy Challenges Ahead
title_full	Development of Capital Markets and Institutional Investors in Russia : Recent Achievements and Policy Challenges Ahead
title_fullStr	Development of Capital Markets and Institutional Investors in Russia : Recent Achievements and Policy Challenges Ahead
title_full_unstemmed	Development of Capital Markets and Institutional Investors in Russia : Recent Achievements and Policy Challenges Ahead
title_sort	development of capital markets and institutional investors in russia : recent achievements and policy challenges ahead
publisher	Washington, DC: World Bank
publishDate	2012
url	http://documents.worldbank.org/curated/en/2006/06/7046839/development-capital-markets-institutional-investors-russia-recent-achievements-policy-challenges-ahead http://hdl.handle.net/10986/7087
_version_	1764399185542512640

Development of Capital Markets and Institutional Investors in Russia : Recent Achievements and Policy Challenges Ahead

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