Poland : Development of Capital Markets and Pension Funds
Poland’s capital markets can play a crucial supporting role to the ongoing economic development and efficient allocation of credit. Capital markets will become increasingly important to meet the long-term funding needs of strategic sectors, includi...
| Main Author: | |
|---|---|
| Format: | Report |
| Language: | English |
| Published: |
World Bank, Washington, DC
2019
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/777731557350148804/Poland-Development-of-Capital-Markets-and-Pension-Funds-Technical-Note http://hdl.handle.net/10986/31708 |
| Summary: | Poland’s capital markets can play a
crucial supporting role to the ongoing economic development
and efficient allocation of credit. Capital markets will
become increasingly important to meet the long-term funding
needs of strategic sectors, including large, medium and
small entities. Expansion and diversification of capital
market instruments and hedging tools will also be essential
to provide adequate investment and risk management vehicles
to much needed long-term savings. While capital market
offers different sources of financing, this note focuses
primarily on the fixed income markets. This technical note
is structured as follows. Section II covers each of the main
market segments, including money markets, government and
non-government bond markets and derivatives markets. Section
III provides an examination of the investor base, the
current participation of the different investor segments in
the bond markets, and recommendations to reach broader and
more effective investor diversification. The Section IV is
focusing on the critical reform of the Employee Capital Plan
(PPK), as one critical group of institutional investors. |
|---|