The 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 Ukranian authorities need to implement a strategy based on six main pillars: strengthen the capacity, independence, funding, and accountability of the NBFI regulators; develop money markets, government bond markets, and municipal bond markets; restructure equity markets; accelerate the introduction of funded pension schemes, and improve transparency and consumer protection in the insurance industry; radically transform corporate governance; and broaden access of NBFI finance.
- ISBN10 1280454598
- ISBN13 9781280454592
- Publish Date 9 May 2014 (first published 30 November 2006)
- Publish Status Active
- Out of Print 12 November 2014
- Publish Country US
- Imprint World Bank Group
- Pages 140
- Language English