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



Discursul guvernatorului BNR, Mugur Isarescu, la conferinta EUROFI din Sofia

Discurs de încheiere la evenimentul THE EUROFI HIGH LEVEL SEMINAR 2018 (lb. engleză) Mugur Isărescu, guvernatorul BNR Distinguished Guests,
Ladies and gentlemen, I am honored to be invited to give a few closing remarks at this EUROFI detalii

OTP Bank withdrew the appeal filed against the National Bank of Romania regarding Banca Romaneasca takover

OTP Bank extraordinary announcement: OTP Bank Plc. („OTP Bank”) hereby informs the capital markets in connection with the acquisition of the 99.28% shareholding held by National Bank of Greece S.A. (“NBG”) in Romanian Banca Romaneasca S.A. detalii

B2Holding acquires a portfolio of non-performing loans sold by Banca Transilvania

B2Holding has through its Romanian subsidiary B2 Kapital Portfolio Management SRL entered into an agreement to acquire a portfolio of retail and corporate, secured and unsecured non-performing loans in Romania, according to a statement. The portfolio is sold by Banca Transilvania S.A., a detalii

National Bank of Romania decided to keep unchanged the monetary policy rate at 2.25%

NBR Board decisions on monetary policy issues (press release) In January 2018, the annual inflation rate rose significantly to 4.32 percent from 3.32 percent in December 2017, before increasing to 4.72 percent in February, slightly below the forecasted detalii

Ultimele Comentarii