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

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 recen...

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Main Authors: Noel, Michel, Kantur, Zeynep, Prigozhina, Angela, Rutledge, Sue, Fursova, Olena
Format: Publication
Language:English
en_US
Published: Washington, DC: World Bank 2012
Subjects:
GDP
Online Access:http://documents.worldbank.org/curated/en/2006/01/6885890/development-nonbank-financial-institutions-ukraine-policy-reform-strategy-action-plan
http://hdl.handle.net/10986/7036
id okr-10986-7036
recordtype oai_dc
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic ACCOUNTABILITY
ACCOUNTING
ASSET MANAGEMENT
ASSET MANAGEMENT COMPANIES
ASSET SALES
ASSET TRANSFERS
AUDITING
AUTONOMY
BANK LENDING
BANKING SECTOR
BANKING SYSTEM
BANKRUPTCY
BANKRUPTCY PROCEEDINGS
BANKS
BENEFICIAL OWNERS
BEST EXECUTION RULES
BOARD MEMBERS
BOND ISSUES
BOND MARKETS
BONDS
BORROWING
CABINET OF MINISTERS
CAPACITY BUILDING
CAPITAL ADEQUACY
CAPITAL MARKETS
CAPITAL REQUIREMENTS
CAPITALIZATION
CIVIL SERVICE
COLLECTIVE
COMPANY
COMPANY LAW
COMPREHENSIVE STRATEGY
CONSOLIDATION
CONSUMER PROTECTION
CONTRACTUAL SAVINGS
CONTROLLING SHAREHOLDERS
CORPORATE BOARDS
CORPORATE GOVERNANCE
CORPORATE SECURITIES
CORPORATION
CREDIT INSURANCE
DEBT
DEBT STRUCTURE
DEVELOPMENT STRATEGY
DISCLOSURE REQUIREMENTS
DISCOUNTED VALUE
DISEQUILIBRIUM
DUE CARE
DUE DILIGENCE
ECONOMIC COOPERATION
ECONOMIC GROWTH
ENFORCEMENT POWERS
EQUITY MARKETS
ESTATE
EXCESS LIQUIDITY
EXCHANGE COMMISSION
FACTORING
FINANCIAL INSTITUTION
FINANCIAL INSTITUTIONS
FINANCIAL INSTRUMENTS
FINANCIAL LEASING
FINANCIAL MARKETS
FINANCIAL REGULATION
FINANCIAL REPORTING
FINANCIAL REPORTS
FINANCIAL SECTOR
FINANCIAL SERVICES
FISCAL DEFICITS
FULL DISCLOSURE
GDP
GROSS DOMESTIC PRODUCT
HOUSING
HOUSING FINANCE
ILLIQUIDITY
INDEPENDENCE REQUIREMENTS
INDIVIDUAL INVESTORS
INFLATION
INFORMATION DISSEMINATION
INSTITUTIONAL INVESTORS
INSURANCE
INSURANCE COMPANIES
INSURANCE INDUSTRY
INSURANCE LAW
INSURANCE PREMIUMS
INSURERS
INTERNATIONAL ACCOUNTING STANDARDS
INTERNATIONAL FINANCIAL INSTITUTIONS
INVESTIGATION
INVESTOR PROTECTION
JOINT STOCK COMPANIES
LARGE COMPANIES
LEGAL FRAMEWORK
LEGISLATION
LEGISLATIVE FRAMEWORK
LEVEL PLAYING FIELD
LIFE INSURANCE
LIMITED
LIQUIDATION
LOCAL GOVERNMENT
MANAGERS
MARKET INSTITUTIONS
MATURITIES
MERGER
MERGERS
MORTGAGE DEFAULT
MORTGAGE INSURANCE
MOTOR THIRD PARTY LIABILITY INSURANCE
MUTUAL FUNDS
NATIONAL BANK
OFFERINGS
PENSION FUNDS
PENSION REGULATION
PENSION SCHEMES
PENSION SUPERVISION
PENSIONS
PRIVATE PARTNERSHIP
PRIVATE PARTNERSHIPS
PRIVATIZATION
PROFESSIONAL ORGANIZATIONS
PROPERTY INSURANCE
PROTECTION OF MINORITY SHAREHOLDERS
PUBLIC COMPANIES
PUBLIC OFFERINGS
REGULATORY AGENCIES
REGULATORY AGENCY
REGULATORY FRAMEWORK
REGULATORY POLICY
REGULATORY REFORM
REGULATORY REFORMS
REGULATORY REPORTS
REINSURANCE
REORGANIZATION
RIGHTS OF SHAREHOLDERS
RISK MANAGEMENT
SAVINGS
SECURITIES
SECURITIES MARKETS
SHAREHOLDER
SHAREHOLDER RIGHTS
SHAREHOLDER VOTING
SHAREHOLDERS MEETING
STATE REGULATION
STOCK EXCHANGE
STOCK EXCHANGES
STOCK MARKET
SUBSIDIARY
SUPERVISORY FRAMEWORK
TAX LAWS
TAXATION
TRADING SYSTEMS
TRANSPARENCY
UNDERWRITING
UNION
VALUATION
VENTURE CAPITAL
WAGES
spellingShingle ACCOUNTABILITY
ACCOUNTING
ASSET MANAGEMENT
ASSET MANAGEMENT COMPANIES
ASSET SALES
ASSET TRANSFERS
AUDITING
AUTONOMY
BANK LENDING
BANKING SECTOR
BANKING SYSTEM
BANKRUPTCY
BANKRUPTCY PROCEEDINGS
BANKS
BENEFICIAL OWNERS
BEST EXECUTION RULES
BOARD MEMBERS
BOND ISSUES
BOND MARKETS
BONDS
BORROWING
CABINET OF MINISTERS
CAPACITY BUILDING
CAPITAL ADEQUACY
CAPITAL MARKETS
CAPITAL REQUIREMENTS
CAPITALIZATION
CIVIL SERVICE
COLLECTIVE
COMPANY
COMPANY LAW
COMPREHENSIVE STRATEGY
CONSOLIDATION
CONSUMER PROTECTION
CONTRACTUAL SAVINGS
CONTROLLING SHAREHOLDERS
CORPORATE BOARDS
CORPORATE GOVERNANCE
CORPORATE SECURITIES
CORPORATION
CREDIT INSURANCE
DEBT
DEBT STRUCTURE
DEVELOPMENT STRATEGY
DISCLOSURE REQUIREMENTS
DISCOUNTED VALUE
DISEQUILIBRIUM
DUE CARE
DUE DILIGENCE
ECONOMIC COOPERATION
ECONOMIC GROWTH
ENFORCEMENT POWERS
EQUITY MARKETS
ESTATE
EXCESS LIQUIDITY
EXCHANGE COMMISSION
FACTORING
FINANCIAL INSTITUTION
FINANCIAL INSTITUTIONS
FINANCIAL INSTRUMENTS
FINANCIAL LEASING
FINANCIAL MARKETS
FINANCIAL REGULATION
FINANCIAL REPORTING
FINANCIAL REPORTS
FINANCIAL SECTOR
FINANCIAL SERVICES
FISCAL DEFICITS
FULL DISCLOSURE
GDP
GROSS DOMESTIC PRODUCT
HOUSING
HOUSING FINANCE
ILLIQUIDITY
INDEPENDENCE REQUIREMENTS
INDIVIDUAL INVESTORS
INFLATION
INFORMATION DISSEMINATION
INSTITUTIONAL INVESTORS
INSURANCE
INSURANCE COMPANIES
INSURANCE INDUSTRY
INSURANCE LAW
INSURANCE PREMIUMS
INSURERS
INTERNATIONAL ACCOUNTING STANDARDS
INTERNATIONAL FINANCIAL INSTITUTIONS
INVESTIGATION
INVESTOR PROTECTION
JOINT STOCK COMPANIES
LARGE COMPANIES
LEGAL FRAMEWORK
LEGISLATION
LEGISLATIVE FRAMEWORK
LEVEL PLAYING FIELD
LIFE INSURANCE
LIMITED
LIQUIDATION
LOCAL GOVERNMENT
MANAGERS
MARKET INSTITUTIONS
MATURITIES
MERGER
MERGERS
MORTGAGE DEFAULT
MORTGAGE INSURANCE
MOTOR THIRD PARTY LIABILITY INSURANCE
MUTUAL FUNDS
NATIONAL BANK
OFFERINGS
PENSION FUNDS
PENSION REGULATION
PENSION SCHEMES
PENSION SUPERVISION
PENSIONS
PRIVATE PARTNERSHIP
PRIVATE PARTNERSHIPS
PRIVATIZATION
PROFESSIONAL ORGANIZATIONS
PROPERTY INSURANCE
PROTECTION OF MINORITY SHAREHOLDERS
PUBLIC COMPANIES
PUBLIC OFFERINGS
REGULATORY AGENCIES
REGULATORY AGENCY
REGULATORY FRAMEWORK
REGULATORY POLICY
REGULATORY REFORM
REGULATORY REFORMS
REGULATORY REPORTS
REINSURANCE
REORGANIZATION
RIGHTS OF SHAREHOLDERS
RISK MANAGEMENT
SAVINGS
SECURITIES
SECURITIES MARKETS
SHAREHOLDER
SHAREHOLDER RIGHTS
SHAREHOLDER VOTING
SHAREHOLDERS MEETING
STATE REGULATION
STOCK EXCHANGE
STOCK EXCHANGES
STOCK MARKET
SUBSIDIARY
SUPERVISORY FRAMEWORK
TAX LAWS
TAXATION
TRADING SYSTEMS
TRANSPARENCY
UNDERWRITING
UNION
VALUATION
VENTURE CAPITAL
WAGES
Noel, Michel
Kantur, Zeynep
Prigozhina, Angela
Rutledge, Sue
Fursova, Olena
The Development of Non-bank Financial Institutions in Ukraine : Policy Reform Strategy and Action Plan
geographic_facet Europe and Central Asia
Europe
Commonwealth of Independent States
Eastern Europe
Ukraine
relation World Bank Working Paper No. 81
description 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 Ukrainian authorities need to implement a strategy based on six main pillars: 1) strengthen the capacity, independence, funding, and accountability of the NBFI regulators; 2) develop money markets, government bond markets, and municipal bond markets; 3) restructure equity markets; 4) accelerate the introduction of funded pension schemes, and, improve transparency and consumer protection in the insurance industry; 5) radically transform corporate governance; and, 6) broaden access of NBFI finance.
format Publications & Research :: Publication
author Noel, Michel
Kantur, Zeynep
Prigozhina, Angela
Rutledge, Sue
Fursova, Olena
author_facet Noel, Michel
Kantur, Zeynep
Prigozhina, Angela
Rutledge, Sue
Fursova, Olena
author_sort Noel, Michel
title The Development of Non-bank Financial Institutions in Ukraine : Policy Reform Strategy and Action Plan
title_short The Development of Non-bank Financial Institutions in Ukraine : Policy Reform Strategy and Action Plan
title_full The Development of Non-bank Financial Institutions in Ukraine : Policy Reform Strategy and Action Plan
title_fullStr The Development of Non-bank Financial Institutions in Ukraine : Policy Reform Strategy and Action Plan
title_full_unstemmed The Development of Non-bank Financial Institutions in Ukraine : Policy Reform Strategy and Action Plan
title_sort development of non-bank financial institutions in ukraine : policy reform strategy and action plan
publisher Washington, DC: World Bank
publishDate 2012
url http://documents.worldbank.org/curated/en/2006/01/6885890/development-nonbank-financial-institutions-ukraine-policy-reform-strategy-action-plan
http://hdl.handle.net/10986/7036
_version_ 1764399020625625088
spelling okr-10986-70362021-04-23T14:02:27Z 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 ACCOUNTABILITY ACCOUNTING ASSET MANAGEMENT ASSET MANAGEMENT COMPANIES ASSET SALES ASSET TRANSFERS AUDITING AUTONOMY BANK LENDING BANKING SECTOR BANKING SYSTEM BANKRUPTCY BANKRUPTCY PROCEEDINGS BANKS BENEFICIAL OWNERS BEST EXECUTION RULES BOARD MEMBERS BOND ISSUES BOND MARKETS BONDS BORROWING CABINET OF MINISTERS CAPACITY BUILDING CAPITAL ADEQUACY CAPITAL MARKETS CAPITAL REQUIREMENTS CAPITALIZATION CIVIL SERVICE COLLECTIVE COMPANY COMPANY LAW COMPREHENSIVE STRATEGY CONSOLIDATION CONSUMER PROTECTION CONTRACTUAL SAVINGS CONTROLLING SHAREHOLDERS CORPORATE BOARDS CORPORATE GOVERNANCE CORPORATE SECURITIES CORPORATION CREDIT INSURANCE DEBT DEBT STRUCTURE DEVELOPMENT STRATEGY DISCLOSURE REQUIREMENTS DISCOUNTED VALUE DISEQUILIBRIUM DUE CARE DUE DILIGENCE ECONOMIC COOPERATION ECONOMIC GROWTH ENFORCEMENT POWERS EQUITY MARKETS ESTATE EXCESS LIQUIDITY EXCHANGE COMMISSION FACTORING FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL LEASING FINANCIAL MARKETS FINANCIAL REGULATION FINANCIAL REPORTING FINANCIAL REPORTS FINANCIAL SECTOR FINANCIAL SERVICES FISCAL DEFICITS FULL DISCLOSURE GDP GROSS DOMESTIC PRODUCT HOUSING HOUSING FINANCE ILLIQUIDITY INDEPENDENCE REQUIREMENTS INDIVIDUAL INVESTORS INFLATION INFORMATION DISSEMINATION INSTITUTIONAL INVESTORS INSURANCE INSURANCE COMPANIES INSURANCE INDUSTRY INSURANCE LAW INSURANCE PREMIUMS INSURERS INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL FINANCIAL INSTITUTIONS INVESTIGATION INVESTOR PROTECTION JOINT STOCK COMPANIES LARGE COMPANIES LEGAL FRAMEWORK LEGISLATION LEGISLATIVE FRAMEWORK LEVEL PLAYING FIELD LIFE INSURANCE LIMITED LIQUIDATION LOCAL GOVERNMENT MANAGERS MARKET INSTITUTIONS MATURITIES MERGER MERGERS MORTGAGE DEFAULT MORTGAGE INSURANCE MOTOR THIRD PARTY LIABILITY INSURANCE MUTUAL FUNDS NATIONAL BANK OFFERINGS PENSION FUNDS PENSION REGULATION PENSION SCHEMES PENSION SUPERVISION PENSIONS PRIVATE PARTNERSHIP PRIVATE PARTNERSHIPS PRIVATIZATION PROFESSIONAL ORGANIZATIONS PROPERTY INSURANCE PROTECTION OF MINORITY SHAREHOLDERS PUBLIC COMPANIES PUBLIC OFFERINGS REGULATORY AGENCIES REGULATORY AGENCY REGULATORY FRAMEWORK REGULATORY POLICY REGULATORY REFORM REGULATORY REFORMS REGULATORY REPORTS REINSURANCE REORGANIZATION RIGHTS OF SHAREHOLDERS RISK MANAGEMENT SAVINGS SECURITIES SECURITIES MARKETS SHAREHOLDER SHAREHOLDER RIGHTS SHAREHOLDER VOTING SHAREHOLDERS MEETING STATE REGULATION STOCK EXCHANGE STOCK EXCHANGES STOCK MARKET SUBSIDIARY SUPERVISORY FRAMEWORK TAX LAWS TAXATION TRADING SYSTEMS TRANSPARENCY UNDERWRITING UNION VALUATION VENTURE CAPITAL WAGES 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 Ukrainian authorities need to implement a strategy based on six main pillars: 1) strengthen the capacity, independence, funding, and accountability of the NBFI regulators; 2) develop money markets, government bond markets, and municipal bond markets; 3) restructure equity markets; 4) accelerate the introduction of funded pension schemes, and, improve transparency and consumer protection in the insurance industry; 5) radically transform corporate governance; and, 6) broaden access of NBFI finance. 2012-06-04T19:18:02Z 2012-06-04T19:18:02Z 2006 http://documents.worldbank.org/curated/en/2006/01/6885890/development-nonbank-financial-institutions-ukraine-policy-reform-strategy-action-plan 978-0-8213-6678-3 http://hdl.handle.net/10986/7036 English en_US World Bank Working Paper No. 81 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC: World Bank Publications & Research :: Publication Publications & Research :: Publication Europe and Central Asia Europe Commonwealth of Independent States Eastern Europe Ukraine