Publication:
Russian Federation Capital Markets : Analysis and Diagnosis of the Financial Regulatory and Institutional Policies Required for Becoming an International Financial Center

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dc.contributor.authorPollner, John D.
dc.date.accessioned2013-10-02T18:41:54Z
dc.date.available2013-10-02T18:41:54Z
dc.date.issued2012-06
dc.description.abstractThere should be two principal goals in developing Russia as a financial center: a) attracting more of the financial business of large enterprises and of the wealthy, which now largely goes abroad to other international financial centers; and b) serving the needs of small and medium enterprises and small investors in Russia, needs that are now largely unmet. Advancing the second goal would help to advance the first goal by broadening the diversity in securities market funding as well as firm issuance possibilities. Financial centers exhibit benefits of scale. Better serving the need of Small and Medium Enterprise (SMEs) and small investors would increase both the supply of securities and the demand for securities in Moscow. An increased volume and liquidity of transactions will make Moscow a more competitive financial center, thereby attracting more of the business of large enterprises and the wealthy that currently goes elsewhere. Finally, the above actions will constitute the necessary conditions to have the key elements for developing a significant financial center. They may not be all sufficient measures however. Non-financial market factors such as a suitable macroeconomic environment, efficient city transport facilities, reasonable housing availability, education facilities for foreigners, and a streamlined and transparent business regulatory environment all constitute key ancillary aspects supporting the growth and broader operating environment of international financial centers.en
dc.identifierhttp://documents.worldbank.org/curated/en/2012/06/18042642/russian-federation-capital-markets-analysis-diagnosis-financial-regulatory-institutional-policies-required-international-financial-center
dc.identifier.doi10.1596/16031
dc.identifier.urihttps://hdl.handle.net/10986/16031
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO CAPITAL
dc.subjectACCOUNTING
dc.subjectACCOUNTING STANDARDS
dc.subjectARBITRATION
dc.subjectASSET BACKED SECURITY
dc.subjectASSET HOLDINGS
dc.subjectASSET MANAGEMENT
dc.subjectASSET MANAGER
dc.subjectASSET MANAGERS
dc.subjectBACKED BONDS
dc.subjectBACKED SECURITIES
dc.subjectBANK ACCOUNTS
dc.subjectBANK ASSETS
dc.subjectBANK BORROWING
dc.subjectBANK BRANCH
dc.subjectBANK BRANCHES
dc.subjectBANK DEPOSITS
dc.subjectBANKING INSTITUTIONS
dc.subjectBANKING SECTOR
dc.subjectBANKING SYSTEM
dc.subjectBANKING SYSTEMS
dc.subjectBARRIERS TO ENTRY
dc.subjectBOND ISSUES
dc.subjectBOND MARKET
dc.subjectBOND MARKET DEVELOPMENT
dc.subjectBOND MARKETS
dc.subjectBONDS
dc.subjectBORROWER
dc.subjectBRANCH NETWORKS
dc.subjectBUSINESS CYCLE
dc.subjectCAPITAL FLOWS
dc.subjectCAPITAL MARKET
dc.subjectCAPITAL MARKETS
dc.subjectCAPITAL MARKETS DEVELOPMENT
dc.subjectCASH FLOWS
dc.subjectCENTRAL BANK
dc.subjectCHECKS
dc.subjectCOLLATERAL
dc.subjectCOMMERCIAL LAWS
dc.subjectCOMMON LAW
dc.subjectCOMPETITIVE FINANCIAL MARKETS
dc.subjectCONFLICT OF INTEREST
dc.subjectCONSUMER PROTECTION
dc.subjectCORPORATE BONDS
dc.subjectCORPORATE GOVERNANCE
dc.subjectCREDIT INSTITUTIONS
dc.subjectCURRENCY
dc.subjectDEBT FINANCING
dc.subjectDEBT INSTRUMENTS
dc.subjectDEBT ISSUANCE
dc.subjectDEBT MARKETS
dc.subjectDEBT SECURITIES
dc.subjectDEPOSIT
dc.subjectDEPOSIT INSURANCE
dc.subjectDEPOSITORS
dc.subjectDEPOSITS
dc.subjectDERIVATIVES
dc.subjectDEVELOPMENT BANK
dc.subjectDIRECT INVESTMENT
dc.subjectDOMESTIC BANK
dc.subjectDOMESTIC BANKS
dc.subjectDOMESTIC CAPITAL
dc.subjectDOMESTIC CAPITAL MARKET
dc.subjectDOMESTIC MARKET
dc.subjectDOMESTIC MARKETS
dc.subjectDOMESTIC SECURITIES
dc.subjectELECTRONIC BANKING
dc.subjectEQUITIES
dc.subjectEQUITY MARKET
dc.subjectEQUITY MARKET DEVELOPMENT
dc.subjectEQUITY MARKETS
dc.subjectEXCHANGE COMMISSION
dc.subjectFINANCIAL ASSET
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL DEVELOPMENT
dc.subjectFINANCIAL INFRASTRUCTURE
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL MARKET
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL SECTOR DEVELOPMENT
dc.subjectFINANCIAL SYSTEM
dc.subjectFINANCIAL SYSTEMS
dc.subjectFIXED INCOME
dc.subjectFOREIGN BANK
dc.subjectFOREIGN BANKS
dc.subjectFOREIGN CAPITAL
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN EXCHANGE RESERVES
dc.subjectFOREIGN INVESTMENT
dc.subjectFOREIGN INVESTOR
dc.subjectFOREIGN INVESTORS
dc.subjectFRAUD
dc.subjectFUND MANAGEMENT
dc.subjectGLOBAL ECONOMY
dc.subjectGLOBALIZATION
dc.subjectGOVERNMENT DEBT
dc.subjectGOVERNMENT DEBT MARKET
dc.subjectGOVERNMENT INTERVENTION
dc.subjectGOVERNMENT POLICY
dc.subjectGOVERNMENT SAVING
dc.subjectGOVERNMENT SECURITIES
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectHEDGE FUNDS
dc.subjectHOUSEHOLD SAVINGS
dc.subjectINCOME INSTRUMENTS
dc.subjectINFORMATION DISCLOSURE
dc.subjectINSIDER TRADING
dc.subjectINSTITUTIONAL INVESTORS
dc.subjectINSTRUMENT
dc.subjectINSURANCE
dc.subjectINSURANCE COMPANIES
dc.subjectINTERNATIONAL BOND
dc.subjectINTERNATIONAL BOND MARKETS
dc.subjectINTERNATIONAL FINANCE
dc.subjectINTERNATIONAL STANDARDS
dc.subjectINVESTING
dc.subjectINVESTMENT ACTIVITIES
dc.subjectINVESTMENT BANKING
dc.subjectINVESTMENT FUND
dc.subjectINVESTMENT FUNDS
dc.subjectINVESTMENT OPPORTUNITIES
dc.subjectINVESTMENT VEHICLES
dc.subjectINVESTOR PROTECTION
dc.subjectISSUANCE
dc.subjectISSUANCE OF BONDS
dc.subjectISSUERS OF SECURITIES
dc.subjectLACK OF COMPETITION
dc.subjectLEGAL ENVIRONMENT
dc.subjectLEGAL FRAMEWORK
dc.subjectLEGAL PROTECTION
dc.subjectLEGAL SYSTEM
dc.subjectLEVEL PLAYING FIELD
dc.subjectLIFE INSURANCE
dc.subjectLIFE INSURANCE COMPANIES
dc.subjectLIQUIDITY
dc.subjectLIQUIDITY OF TRANSACTIONS
dc.subjectLOCAL MARKET
dc.subjectMACROECONOMIC CONDITIONS
dc.subjectMACROECONOMIC ENVIRONMENT
dc.subjectMACROECONOMIC ENVIRONMENTS
dc.subjectMARKET DEBT
dc.subjectMARKET DEVELOPMENT
dc.subjectMARKET DISCIPLINE
dc.subjectMARKET INFRASTRUCTURE
dc.subjectMARKET INTERMEDIARIES
dc.subjectMARKET PARTICIPANTS
dc.subjectMARKET SHARE
dc.subjectMARKET STRUCTURE
dc.subjectMARKET TRADING
dc.subjectMATURITY
dc.subjectMONETARY FUND
dc.subjectMONEY MARKET
dc.subjectMONEY MARKETS
dc.subjectMORTGAGE
dc.subjectMORTGAGES
dc.subjectMUTUAL FUND
dc.subjectMUTUAL FUND ASSETS
dc.subjectMUTUAL FUNDS
dc.subjectNATIONAL BANK
dc.subjectNATIONAL SAVING
dc.subjectOFFSHORE CENTERS
dc.subjectOUTSIDE INVESTORS
dc.subjectPENSION
dc.subjectPENSION FUND
dc.subjectPENSION FUNDS
dc.subjectPENSION REFORM
dc.subjectPENSION SYSTEM
dc.subjectPORTFOLIO
dc.subjectPRIVATE BANKS
dc.subjectPRIVATE BOND
dc.subjectPRIVATE CREDIT
dc.subjectPRIVATE DEBT
dc.subjectPRIVATE EQUITY
dc.subjectPRIVATE INVESTORS
dc.subjectPROFIT OPPORTUNITY
dc.subjectREGULATORY FRAMEWORK
dc.subjectREGULATORY PRACTICES
dc.subjectREGULATORY STRUCTURE
dc.subjectREGULATORY STRUCTURES
dc.subjectREGULATORY SYSTEM
dc.subjectRESERVE
dc.subjectRETAIL BANKING
dc.subjectRETAIL INVESTORS
dc.subjectRETURN
dc.subjectRETURNS
dc.subjectRULE OF LAW
dc.subjectSAVINGS BANK
dc.subjectSECURITIES
dc.subjectSECURITIES BROKERS
dc.subjectSECURITIES EXCHANGE
dc.subjectSECURITIES EXCHANGES
dc.subjectSECURITIES MARKET
dc.subjectSECURITIES MARKETS
dc.subjectSELF-REGULATION
dc.subjectSETTLEMENT
dc.subjectSETTLEMENT PROCEDURES
dc.subjectSHAREHOLDERS
dc.subjectSHORT-TERM PAPER
dc.subjectSMALL INVESTORS
dc.subjectSOVEREIGN BONDS
dc.subjectSOVEREIGN DEBT
dc.subjectSTATE BANKS
dc.subjectSTATE BONDS
dc.subjectSTOCK EXCHANGE
dc.subjectSTOCKS
dc.subjectTAX
dc.subjectTAX RATES
dc.subjectTRADING
dc.subjectTRADING SYSTEM
dc.subjectTRANSACTIONS COSTS
dc.subjectTRANSFER AGENTS
dc.subjectTRANSITION COUNTRIES
dc.subjectTRANSITION ECONOMIES
dc.subjectTRANSPARENCY
dc.subjectTREASURY
dc.subjectTREASURY BOND
dc.subjectTURNOVER
dc.subjectWITHDRAWAL
dc.subjectWORKING CAPITAL
dc.subjectYIELD CURVE
dc.titleRussian Federation Capital Markets : Analysis and Diagnosis of the Financial Regulatory and Institutional Policies Required for Becoming an International Financial Centeren
dspace.entity.typePublication
okr.date.disclosure2013-07-26
okr.date.doiregistration2025-05-07T10:26:47.984221Z
okr.doctypeEconomic & Sector Work::Other Financial Sector Study
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2012/06/18042642/russian-federation-capital-markets-analysis-diagnosis-financial-regulatory-institutional-policies-required-international-financial-center
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid540801468107678621
okr.guid464541468092082410
okr.identifier.externaldocumentum000333037_20130726154626
okr.identifier.internaldocumentum18042642
okr.identifier.report78103
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2013/07/26/000333037_20130726154626/Rendered/PDF/781030REVISED00ion0Review0Version0Z.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryRussian Federation
okr.sectorFinance :: Banking
okr.sectorFinance :: Non-compulsory pensions, insurance and contractual savings
okr.sectorFinance :: Capital markets
okr.themeFinancial and private sector development :: Regulation and competition policy
okr.themeFinancial and private sector development :: Standards and financial reporting
okr.themeFinancial and private sector development :: Other financial and private sector development
okr.themeTrade and integration :: International financial architecture
okr.topicFinance and Financial Sector Development::Mutual Funds
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicBanks and Banking Reform
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Access to Finance
okr.unitPrivate/Financial Sectors Devt (ECSPF)
okr.volume1 of 1
relation.isAuthorOfPublicationb0f82774-24d9-5275-98e8-aae3f2ccab7e
relation.isAuthorOfPublication.latestForDiscoveryb0f82774-24d9-5275-98e8-aae3f2ccab7e
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