REGULATION OF INSTITUTIONAL INVESTORS’ ACTIVITY IN THE REPUBLIC OF MOLDOVA: PROBLEMS AND NEW CHALLENGES FOR THE DEVELOPMENT OF DOMESTIC CAPITAL MARKET

Angela Timuş, Victoria Iordachi and Victoria Fala ()
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Angela Timuş: National Institute for Economic Research, Chisinau, Republic of Moldova
Victoria Iordachi: National Institute for Economic Research, Chisinau, Republic of Moldova

Journal of Financial and Monetary Economics, 2015, vol. 2, issue 1, 104-109

Abstract: Legal framework is a key element for the development of the capital market that is why it is important for the regulation body to implement the best practices in order to ease the activity of market participants, but, at the same time, not to affect the secure functioning of the economy. The article analysis the role of the National Commission of Financial Market in regulating the activity of institutional investors on the capital market of Moldova and presents an estimation of the domestic legal and institutional framework from the point of view of main existent problems that negatively influence the activity of institutional investors. Also there are given some recommendations for the development of capital market regulation in the Republic of Moldova.

Keywords: securities market; stock exchange; Policy; Institutional Investors; Financial Intermediaries; joint-stock-company (search for similar items in EconPapers)
JEL-codes: G1 G18 G23 (search for similar items in EconPapers)
Date: 2015
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