Kantur, ZeynepPrigozhina, AngelaRutledge, SueFursova, OlenaNoel, Michel2012-06-042012-06-042006978-0-8213-6678-3https://hdl.handle.net/10986/7036The prospect of European integration presents huge opportunities and challenges for the development of non-bank financial institutions (NBFIs) in Ukraine. By most measures, the development of the NBFI sector in Ukraine lags far behind that of recent accession countries in Central Europe. To address the main impediments facing the development of the sector, the Ukrainian authorities need to implement a strategy based on six main pillars: 1) strengthen the capacity, independence, funding, and accountability of the NBFI regulators; 2) develop money markets, government bond markets, and municipal bond markets; 3) restructure equity markets; 4) accelerate the introduction of funded pension schemes, and, improve transparency and consumer protection in the insurance industry; 5) radically transform corporate governance; and, 6) broaden access of NBFI finance.en-USCC BY 3.0 IGOACCOUNTABILITYACCOUNTINGASSET MANAGEMENTASSET MANAGEMENT COMPANIESASSET SALESASSET TRANSFERSAUDITINGAUTONOMYBANK LENDINGBANKING SECTORBANKING SYSTEMBANKRUPTCYBANKRUPTCY PROCEEDINGSBANKSBENEFICIAL OWNERSBEST EXECUTION RULESBOARD MEMBERSBOND ISSUESBOND MARKETSBONDSBORROWINGCABINET OF MINISTERSCAPACITY BUILDINGCAPITAL ADEQUACYCAPITAL MARKETSCAPITAL REQUIREMENTSCAPITALIZATIONCIVIL SERVICECOLLECTIVECOMPANYCOMPANY LAWCOMPREHENSIVE STRATEGYCONSOLIDATIONCONSUMER PROTECTIONCONTRACTUAL SAVINGSCONTROLLING SHAREHOLDERSCORPORATE BOARDSCORPORATE GOVERNANCECORPORATE SECURITIESCORPORATIONCREDIT INSURANCEDEBTDEBT STRUCTUREDEVELOPMENT STRATEGYDISCLOSURE REQUIREMENTSDISCOUNTED VALUEDISEQUILIBRIUMDUE CAREDUE DILIGENCEECONOMIC COOPERATIONECONOMIC GROWTHENFORCEMENT POWERSEQUITY MARKETSESTATEEXCESS LIQUIDITYEXCHANGE COMMISSIONFACTORINGFINANCIAL INSTITUTIONFINANCIAL INSTITUTIONSFINANCIAL INSTRUMENTSFINANCIAL LEASINGFINANCIAL MARKETSFINANCIAL REGULATIONFINANCIAL REPORTINGFINANCIAL REPORTSFINANCIAL SECTORFINANCIAL SERVICESFISCAL DEFICITSFULL DISCLOSUREGDPGROSS DOMESTIC PRODUCTHOUSINGHOUSING FINANCEILLIQUIDITYINDEPENDENCE REQUIREMENTSINDIVIDUAL INVESTORSINFLATIONINFORMATION DISSEMINATIONINSTITUTIONAL INVESTORSINSURANCEINSURANCE COMPANIESINSURANCE INDUSTRYINSURANCE LAWINSURANCE PREMIUMSINSURERSINTERNATIONAL ACCOUNTING STANDARDSINTERNATIONAL FINANCIAL INSTITUTIONSINVESTIGATIONINVESTOR PROTECTIONJOINT STOCK COMPANIESLARGE COMPANIESLEGAL FRAMEWORKLEGISLATIONLEGISLATIVE FRAMEWORKLEVEL PLAYING FIELDLIFE INSURANCELIMITEDLIQUIDATIONLOCAL GOVERNMENTMANAGERSMARKET INSTITUTIONSMATURITIESMERGERMERGERSMORTGAGE DEFAULTMORTGAGE INSURANCEMOTOR THIRD PARTY LIABILITY INSURANCEMUTUAL FUNDSNATIONAL BANKOFFERINGSPENSION FUNDSPENSION REGULATIONPENSION SCHEMESPENSION SUPERVISIONPENSIONSPRIVATE PARTNERSHIPPRIVATE PARTNERSHIPSPRIVATIZATIONPROFESSIONAL ORGANIZATIONSPROPERTY INSURANCEPROTECTION OF MINORITY SHAREHOLDERSPUBLIC COMPANIESPUBLIC OFFERINGSREGULATORY AGENCIESREGULATORY AGENCYREGULATORY FRAMEWORKREGULATORY POLICYREGULATORY REFORMREGULATORY REFORMSREGULATORY REPORTSREINSURANCEREORGANIZATIONRIGHTS OF SHAREHOLDERSRISK MANAGEMENTSAVINGSSECURITIESSECURITIES MARKETSSHAREHOLDERSHAREHOLDER RIGHTSSHAREHOLDER VOTINGSHAREHOLDERS MEETINGSTATE REGULATIONSTOCK EXCHANGESTOCK EXCHANGESSTOCK MARKETSUBSIDIARYSUPERVISORY FRAMEWORKTAX LAWSTAXATIONTRADING SYSTEMSTRANSPARENCYUNDERWRITINGUNIONVALUATIONVENTURE CAPITALWAGESWorld Bank10.1596/978-0-8213-6678-3