BURSA | ENGLISH

Bucharest Stock Exchange meets eight out of nine criteria required to be classified as Emerging market (FTSE-Secondary Emerging)

Trimite stirea unui prieten
Nume *
E-mail *
E-mail prieten *
Mesaj
Cod validare * Turing Number
Tastati codul din imagine (doar cifre)
195.154.184.126

Autor: Bancherul.ro
2016-03-29 18:38

Bucharest Stock Exchange (BVB) announces an important breakthrough in the promotion of the Romanian capital market in the category of more developed markets globally, towards the Emerging market status, according to a BVB statement.

FTSE Russell, one of the most important international institutions, which analyses global capital markets, supported by the opinions of international experts and investors, has sent to Bucharest Stock Exchange a letter regarding the latest assessment of the Romanian capital market.

In the letter recently received, FTSE Russell certifies that the local stock market meets all the criteria necessary to be promoted to the superior category, with one exception – liquidity criterion. FTSE Russell March 2016 assessment emphasized a new criterion which was met, regarding the “Transaction Costs – implicit and explicit costs to be reasonable and competitive”.

Thus, Bucharest Stock Exchange meets eight out of nine criteria required to be classified as Emerging market (FTSE-Secondary Emerging). In the new context, the only criterion that remains to be accomplished is the "Liquidity - sufficient liquidity to allow international investment large" and refers, in fact, to a larger number of companies in terms of market capitalization and number of shares available for trading, with higher transaction values.

This announcement represents a major success, which places us just one step away from being included on the “Watch List” by the international rating institution.

"‎This accomplishment has been rendered possible thanks to the existence of a program for the modernization of the Romanian capital market. This program has been launched in late 2013 and generated several results, produced by the Bucharest Stock Exchange, Central Depository, Financial Supervisory Authority and other institutions, including governmental bodies, and the Romanian Parliament. Similarly, what is still needed, is a State-led program for the privatization of the economy through the capital market. This is also instrumental for achieving goals relating to the quality of corporate governance of state owned companies and to the enhancement of their productivity - indeed hot topics in Romania today. Some time ago Romania saw insulated privatization-like transactions, but never a well-thought and concrete program in that matter, setting goals and deadlines, with resources dedicated to the execution of the program. It would be advisable that such a program contains an educational part, aimed at explaining why a robust and well developed capital market, supported by the State, is beneficial for the well-being of Romanian citizens." said Ludwik Sobolewski, CEO of Bucharest Stock Exchange.

Every six months, the FTSE Classification Committee meets for re-assessment of capital markets. If a market meets all the criteria, it enters on a short list to be promoted to a higher category. Besides FTSE Russell, three other widely recognized international institutions - MSCI (USA), S&P Dow Jones (USA) and STOXX (Switzerland) - are currently rating the Romanian capital market. The criteria to be met and analysis process are relatively similar and relate mainly to the value of transactions and size of listed companies, as well as the fast access to the capital market for investors and how they can buy and sell shares.

Romania's inclusion on the Watch List of international institutions is a strategic objective of the Bucharest Stock Exchange, with high chances to attract a wave of appreciation and improved perception from the international community about Romania.

Comentarii



Adauga un comentariu
Nume *:

E-mail *:
(nu se afiseaza pe site)
Subiect:
*
Comentariu:

Turing Number

Tastati codul din imagine (doar cifre)  



Adauga un comentariu folosind contul de Facebook

Alte stiri din categoria: ENGLISH



European Commission progress report on Romania under the Cooperation and Verification Mechanism

European Commission - Press release European Commission´s progress report on Romania under the Cooperation and Verification Mechanism Strasbourg, 13 November 2018 European Commission´s progress report on Romania under the Cooperation and detalii

IMF concludes visit to Romania

IMF Staff Concludes Visit to Romania (press realease): End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the detalii

Digitalization will make most traditional banks irrelevant by 2030, according to a Gartner report

By 2030, 80 percent of heritage financial services firms will go out of business, become commoditized or exist only formally but not competing effectively, according to a Gartner statement. These firms will struggle for relevance as global digital platforms, fintech companies and other detalii

Erste Group aquires minority stake in BCR from SIF Oltenia

Erste Group and SIF Oltenia announce the preliminary agreement for the acquisition of a 6.29% stake in BCR, according to a statement. - Erste Group to acquire the entire stake held by SIF Oltenia in Banca Comerciala Romana for EUR 140 million - The execution of the transaction is detalii

Ultimele Comentarii

  • Buna ziua

    Buna ziua as dori sa fac un credit de 25000 pentru cumpararea unei locuinte lucrez an italia cu ... detalii

  • Prima Casa 2019

    ... detalii

  • Prima Casa 2019

    Puteti citi noile reguli pentru Prima Casa 2019 pe ziarulimobiliar.ro ... detalii

  • OPFV 2019

    BUNA ZIUA! pt plata impozitelor scadente 25.01.2019.programul Anaf ultima versiune 1.3.3 din ... detalii

  • lire rupte

    Buna ziua am 2bacnote de 20 de lire care au fost rupte in margine de sus pana jos si apoi lipte. ... detalii