Kantur, ZeynepKrasnov, EvgenyRutledge, SueNoel, Michel2012-06-052012-06-052006978-0-8213-6794-0https://hdl.handle.net/10986/7087This 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.en-USCC BY 3.0 IGOACCOUNTINGASSET MANAGEMENTASSET MANAGEMENT COMPANIESASSETSAUDITORSBANK LOANSBANKING SECTORBANKRUPTCYBANKSBENCHMARKBENCHMARKSBENEFICIAL OWNERSBOND ISSUESBOND MARKETSBONDSCAPITAL MARKETCAPITAL MARKETSCAPITAL REQUIREMENTSCAPITALIZATIONCDCENTRAL BANKCOMMERCIAL BANKSCOMPANYCOMPETITIVENESSCOMPULSORY INSURANCECONSOLIDATIONCONSUMER PROTECTIONCONTROLLING SHAREHOLDERCORPORATE GOVERNANCECORPORATE GOVERNANCE CODECORPORATIONSCREDIT RISKDEBTDEPOSIT INSURANCEDEPOSITSDERIVATIVESDEVELOPMENTDOMESTIC MARKETECONOMIC COOPERATIONEMERGING MARKETENFORCEMENT POWERSESTATEFINANCIAL CONGLOMERATESFINANCIAL INSTITUTIONSFINANCIAL INSTRUMENTSFINANCIAL INTERMEDIATIONFINANCIAL MARKETFINANCIAL REPORTINGFINANCIAL SECTORFINANCIAL STATEMENTSFISCAL POLICIESGDPGOVERNMENT BONDSGRAY MARKETGROSS DOMESTIC PRODUCTHOSTILE TAKEOVERINFLATIONINITIAL PUBLIC OFFERINGINSIDE INFORMATIONINSIDER TRADINGINSTITUTIONAL INVESTORSINSURANCEINSURANCE COMPANIESINSURANCE PREMIUMSINSURANCE SUPERVISIONINTEREST RATESINTERNATIONAL MARKETSINVESTIGATIONINVESTMENT BANKSINVESTMENT COMPANIESLARGE COMPANIESLAWSLEGAL ENTITYLEGAL PROTECTIONLEGISLATIONLIMITEDLIQUIDITYM2MACROECONOMIC STABILITYMAJOR SHAREHOLDERSMANAGERSMARKETMARKET CONDITIONSMARKET DEVELOPMENTMARKET FRAGMENTATIONMARKET INSTITUTIONSMARKET PENETRATIONMARKET RISKMARKET SEGMENTMARKET STRUCTUREMATURITIESMERGERSMONEY CENTER BANKSMONEY MARKETMONEY MARKET FUNDSMOTOR THIRD PARTY LIABILITY INSURANCEMUNICIPALITIESMUTUAL FUNDSNATIONAL ASSOCIATIONNATURAL PERSONSNON-BANKNON-LIFE INSURANCEPARENT COMPANYPENALTIESPENSION FUNDSPOCKET BANKSPORTFOLIOPRIVATE ENTERPRISEPROFITABILITYPROPERTY INSURANCEPROTECTION OF INVESTORSPUT OPTIONPUT OPTIONSREGIONAL BANKSREGULATORY FRAMEWORKREINSURANCEREINSURANCE MARKETSSAVINGSSECURITIESSECURITIZATIONSETTLEMENT SYSTEMSSHAREHOLDERSHAREHOLDERSSPREADSTOCK EXCHANGESTOCK MARKETSTOCKSSTRUCTURAL DEFICITSSUBSIDIARYSUBSTITUTIONSURPLUSESTAKEOVERTRANSACTIONS COSTSTURNOVERUNIONVALUATIONVENTURE CAPITALVESTED RIGHTSYIELD TO MATURITYWorld Bank10.1596/978-0-8213-6794-0