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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collection.link.77
https://openknowledge.worldbank.org/handle/10986/2185
collection.name.77
Other Financial Sector Study
dc.contributor.author
Pollner, John D.
dc.date.accessioned
2013-10-02T18:41:54Z
dc.date.available
2013-10-02T18:41:54Z
dc.date.issued
2012-06
dc.date.lastModified
2021-04-23T14:03:23Z
dc.description.abstract
There 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.identifier
http://documents.worldbank.org/curated/en/2012/06/18042642/russian-federation-capital-markets-analysis-diagnosis-financial-regulatory-institutional-policies-required-international-financial-center
dc.identifier.uri
http://hdl.handle.net/10986/16031
dc.language
English
dc.language.iso
en_US
dc.publisher
World Bank, Washington, DC
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo/
dc.subject
ACCESS TO CAPITAL
dc.subject
ACCOUNTING
dc.subject
ACCOUNTING STANDARDS
dc.subject
ARBITRATION
dc.subject
ASSET BACKED SECURITY
dc.subject
ASSET HOLDINGS
dc.subject
ASSET MANAGEMENT
dc.subject
ASSET MANAGER
dc.subject
ASSET MANAGERS
dc.subject
BACKED BONDS
dc.subject
BACKED SECURITIES
dc.subject
BANK ACCOUNTS
dc.subject
BANK ASSETS
dc.subject
BANK BORROWING
dc.subject
BANK BRANCH
dc.subject
BANK BRANCHES
dc.subject
BANK DEPOSITS
dc.subject
BANKING INSTITUTIONS
dc.subject
BANKING SECTOR
dc.subject
BANKING SYSTEM
dc.subject
BANKING SYSTEMS
dc.subject
BARRIERS TO ENTRY
dc.subject
BOND ISSUES
dc.subject
BOND MARKET
dc.subject
BOND MARKET DEVELOPMENT
dc.subject
BOND MARKETS
dc.subject
BONDS
dc.subject
BORROWER
dc.subject
BRANCH NETWORKS
dc.subject
BUSINESS CYCLE
dc.subject
CAPITAL FLOWS
dc.subject
CAPITAL MARKET
dc.subject
CAPITAL MARKETS
dc.subject
CAPITAL MARKETS DEVELOPMENT
dc.subject
CASH FLOWS
dc.subject
CENTRAL BANK
dc.subject
CHECKS
dc.subject
COLLATERAL
dc.subject
COMMERCIAL LAWS
dc.subject
COMMON LAW
dc.subject
COMPETITIVE FINANCIAL MARKETS
dc.subject
CONFLICT OF INTEREST
dc.subject
CONSUMER PROTECTION
dc.subject
CORPORATE BONDS
dc.subject
CORPORATE GOVERNANCE
dc.subject
CREDIT INSTITUTIONS
dc.subject
CURRENCY
dc.subject
DEBT FINANCING
dc.subject
DEBT INSTRUMENTS
dc.subject
DEBT ISSUANCE
dc.subject
DEBT MARKETS
dc.subject
DEBT SECURITIES
dc.subject
DEPOSIT
dc.subject
DEPOSIT INSURANCE
dc.subject
DEPOSITORS
dc.subject
DEPOSITS
dc.subject
DERIVATIVES
dc.subject
DEVELOPMENT BANK
dc.subject
DIRECT INVESTMENT
dc.subject
DOMESTIC BANK
dc.subject
DOMESTIC BANKS
dc.subject
DOMESTIC CAPITAL
dc.subject
DOMESTIC CAPITAL MARKET
dc.subject
DOMESTIC MARKET
dc.subject
DOMESTIC MARKETS
dc.subject
DOMESTIC SECURITIES
dc.subject
ELECTRONIC BANKING
dc.subject
EQUITIES
dc.subject
EQUITY MARKET
dc.subject
EQUITY MARKET DEVELOPMENT
dc.subject
EQUITY MARKETS
dc.subject
EXCHANGE COMMISSION
dc.subject
FINANCIAL ASSET
dc.subject
FINANCIAL CRISIS
dc.subject
FINANCIAL DEVELOPMENT
dc.subject
FINANCIAL INFRASTRUCTURE
dc.subject
FINANCIAL INSTITUTIONS
dc.subject
FINANCIAL MARKET
dc.subject
FINANCIAL MARKETS
dc.subject
FINANCIAL SECTOR DEVELOPMENT
dc.subject
FINANCIAL SYSTEM
dc.subject
FINANCIAL SYSTEMS
dc.subject
FIXED INCOME
dc.subject
FOREIGN BANK
dc.subject
FOREIGN BANKS
dc.subject
FOREIGN CAPITAL
dc.subject
FOREIGN EXCHANGE
dc.subject
FOREIGN EXCHANGE RESERVES
dc.subject
FOREIGN INVESTMENT
dc.subject
FOREIGN INVESTOR
dc.subject
FOREIGN INVESTORS
dc.subject
FRAUD
dc.subject
FUND MANAGEMENT
dc.subject
GLOBAL ECONOMY
dc.subject
GLOBALIZATION
dc.subject
GOVERNMENT DEBT
dc.subject
GOVERNMENT DEBT MARKET
dc.subject
GOVERNMENT INTERVENTION
dc.subject
GOVERNMENT POLICY
dc.subject
GOVERNMENT SAVING
dc.subject
GOVERNMENT SECURITIES
dc.subject
GROSS DOMESTIC PRODUCT
dc.subject
HEDGE FUNDS
dc.subject
HOUSEHOLD SAVINGS
dc.subject
INCOME INSTRUMENTS
dc.subject
INFORMATION DISCLOSURE
dc.subject
INSIDER TRADING
dc.subject
INSTITUTIONAL INVESTORS
dc.subject
INSTRUMENT
dc.subject
INSURANCE
dc.subject
INSURANCE COMPANIES
dc.subject
INTERNATIONAL BOND
dc.subject
INTERNATIONAL BOND MARKETS
dc.subject
INTERNATIONAL FINANCE
dc.subject
INTERNATIONAL STANDARDS
dc.subject
INVESTING
dc.subject
INVESTMENT ACTIVITIES
dc.subject
INVESTMENT BANKING
dc.subject
INVESTMENT FUND
dc.subject
INVESTMENT FUNDS
dc.subject
INVESTMENT OPPORTUNITIES
dc.subject
INVESTMENT VEHICLES
dc.subject
INVESTOR PROTECTION
dc.subject
ISSUANCE
dc.subject
ISSUANCE OF BONDS
dc.subject
ISSUERS OF SECURITIES
dc.subject
LACK OF COMPETITION
dc.subject
LEGAL ENVIRONMENT
dc.subject
LEGAL FRAMEWORK
dc.subject
LEGAL PROTECTION
dc.subject
LEGAL SYSTEM
dc.subject
LEVEL PLAYING FIELD
dc.subject
LIFE INSURANCE
dc.subject
LIFE INSURANCE COMPANIES
dc.subject
LIQUIDITY
dc.subject
LIQUIDITY OF TRANSACTIONS
dc.subject
LOCAL MARKET
dc.subject
MACROECONOMIC CONDITIONS
dc.subject
MACROECONOMIC ENVIRONMENT
dc.subject
MACROECONOMIC ENVIRONMENTS
dc.subject
MARKET DEBT
dc.subject
MARKET DEVELOPMENT
dc.subject
MARKET DISCIPLINE
dc.subject
MARKET INFRASTRUCTURE
dc.subject
MARKET INTERMEDIARIES
dc.subject
MARKET PARTICIPANTS
dc.subject
MARKET SHARE
dc.subject
MARKET STRUCTURE
dc.subject
MARKET TRADING
dc.subject
MATURITY
dc.subject
MONETARY FUND
dc.subject
MONEY MARKET
dc.subject
MONEY MARKETS
dc.subject
MORTGAGE
dc.subject
MORTGAGES
dc.subject
MUTUAL FUND
dc.subject
MUTUAL FUND ASSETS
dc.subject
MUTUAL FUNDS
dc.subject
NATIONAL BANK
dc.subject
NATIONAL SAVING
dc.subject
OFFSHORE CENTERS
dc.subject
OUTSIDE INVESTORS
dc.subject
PENSION
dc.subject
PENSION FUND
dc.subject
PENSION FUNDS
dc.subject
PENSION REFORM
dc.subject
PENSION SYSTEM
dc.subject
PORTFOLIO
dc.subject
PRIVATE BANKS
dc.subject
PRIVATE BOND
dc.subject
PRIVATE CREDIT
dc.subject
PRIVATE DEBT
dc.subject
PRIVATE EQUITY
dc.subject
PRIVATE INVESTORS
dc.subject
PROFIT OPPORTUNITY
dc.subject
REGULATORY FRAMEWORK
dc.subject
REGULATORY PRACTICES
dc.subject
REGULATORY STRUCTURE
dc.subject
REGULATORY STRUCTURES
dc.subject
REGULATORY SYSTEM
dc.subject
RESERVE
dc.subject
RETAIL BANKING
dc.subject
RETAIL INVESTORS
dc.subject
RETURN
dc.subject
RETURNS
dc.subject
RULE OF LAW
dc.subject
SAVINGS BANK
dc.subject
SECURITIES
dc.subject
SECURITIES BROKERS
dc.subject
SECURITIES EXCHANGE
dc.subject
SECURITIES EXCHANGES
dc.subject
SECURITIES MARKET
dc.subject
SECURITIES MARKETS
dc.subject
SELF-REGULATION
dc.subject
SETTLEMENT
dc.subject
SETTLEMENT PROCEDURES
dc.subject
SHAREHOLDERS
dc.subject
SHORT-TERM PAPER
dc.subject
SMALL INVESTORS
dc.subject
SOVEREIGN BONDS
dc.subject
SOVEREIGN DEBT
dc.subject
STATE BANKS
dc.subject
STATE BONDS
dc.subject
STOCK EXCHANGE
dc.subject
STOCKS
dc.subject
TAX
dc.subject
TAX RATES
dc.subject
TRADING
dc.subject
TRADING SYSTEM
dc.subject
TRANSACTIONS COSTS
dc.subject
TRANSFER AGENTS
dc.subject
TRANSITION COUNTRIES
dc.subject
TRANSITION ECONOMIES
dc.subject
TRANSPARENCY
dc.subject
TREASURY
dc.subject
TREASURY BOND
dc.subject
TURNOVER
dc.subject
WITHDRAWAL
dc.subject
WORKING CAPITAL
dc.subject
YIELD CURVE
dc.title
Russian Federation Capital Markets : Analysis and Diagnosis of the Financial Regulatory and Institutional Policies Required for Becoming an International Financial Center
en
okr.date.disclosure
2013-07-26
okr.doctype
Economic & Sector Work :: Other Financial Sector Study
okr.doctype
Economic & Sector Work
okr.docurl
http://documents.worldbank.org/curated/en/2012/06/18042642/russian-federation-capital-markets-analysis-diagnosis-financial-regulatory-institutional-policies-required-international-financial-center
okr.globalpractice
Finance and Markets
okr.globalpractice
Trade and Competitiveness
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
000333037_20130726154626
okr.identifier.internaldocumentum
18042642
okr.identifier.report
78103
okr.language.supported
en
okr.pdfurl
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2013/07/26/000333037_20130726154626/Rendered/PDF/781030REVISED00ion0Review0Version0Z.pdf
en
okr.region.administrative
Europe and Central Asia
okr.region.country
Russian Federation
okr.sector
Finance :: Banking
okr.sector
Finance :: Non-compulsory pensions, insurance and contractual savings
okr.sector
Finance :: Capital markets
okr.theme
Financial and private sector development :: Regulation and competition policy
okr.theme
Financial and private sector development :: Standards and financial reporting
okr.theme
Financial and private sector development :: Other financial and private sector development
okr.theme
Trade and integration :: International financial architecture
okr.topic
Finance and Financial Sector Development :: Mutual Funds
okr.topic
Finance and Financial Sector Development :: Debt Markets
okr.topic
Banks and Banking Reform
okr.topic
Private Sector Development :: Emerging Markets
okr.topic
Finance and Financial Sector Development :: Access to Finance
okr.unit
Private/Financial Sectors Devt (ECSPF)
okr.volume
1 of 1

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