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Poland : Development of Capital Markets and Pension Funds.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- World Bank Group.
- Series:
- Financial Sector Assessment Program.
- World Bank e-Library.
- Financial Sector Assessment Program
- Language:
- English
- Subjects (All):
- Capital Markets.
- Capital Markets and Capital Flows.
- Finance and Financial Sector Development.
- Financial Regulation and Supervision.
- Non Bank Financial Institutions.
- Pension Reform.
- Pensions and Retirement Systems.
- Public Sector Development.
- Securities Markets Policy and Regulation.
- Social Protections and Labor.
- Local Subjects:
- Capital Markets.
- Capital Markets and Capital Flows.
- Finance and Financial Sector Development.
- Financial Regulation and Supervision.
- Non Bank Financial Institutions.
- Pension Reform.
- Pensions and Retirement Systems.
- Public Sector Development.
- Securities Markets Policy and Regulation.
- Social Protections and Labor.
- Other Title:
- Poland
- Place of Publication:
- Washington, D.C. : The World Bank, 2019.
- System Details:
- data file
- 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.
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