The Development of Non-bank Financial Institutions in Ukraine : Policy Reform Strategy and Action Plan

Noel, Michel ; Kantur, Zeynep ; Prigozhina, Angela ; Rutledge, Sue ; Fursova, Olena

Washington, DC:World Bank

关键词: ACCOUNTABILITY;    ACCOUNTING;    ASSET MANAGEMENT;    ASSET MANAGEMENT COMPANIES;    ASSET SALES;   

DOI  :  10.1596/978-0-8213-6678-3
RP-ID  :  36339

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

The prospect of European integrationpresents huge opportunities and challenges for thedevelopment of non-bank financial institutions (NBFIs) inUkraine. By most measures, the development of the NBFIsector in Ukraine lags far behind that of recent accessioncountries in Central Europe. To address the main impedimentsfacing the development of the sector, the Ukrainianauthorities need to implement a strategy based on six mainpillars: 1) strengthen the capacity, independence, funding,and accountability of the NBFI regulators; 2) develop moneymarkets, government bond markets, and municipal bondmarkets; 3) restructure equity markets; 4) accelerate theintroduction of funded pension schemes, and, improvetransparency and consumer protection in the insuranceindustry; 5) radically transform corporate governance; and,6) broaden access of NBFI finance.