UniCredit Bank S.A.
Summary:
Financial Supervisory Authority initiates the S.T.E.A.M. Project - Set of actions Towards Establishing and Acknowledgment of the emerging Market status.
Wed, 13/08/2014
Dear Client,
The S.T.E.A.M. Project - Action Plan for obtaining the status of emerging market, has been approved by Financial Supervisory Authority (FSA). The main aim of this reform program is to implement strategic measures for reclassification of the Romanian capital market into emerging market and to make it stronger in terms of size, liquidity and accessibility to investors.
The set of measures proposed by the S.T.E.A.M. include:
- Increasing the accessibility and attractiveness of the Romanian capital market;
- Making the operations related to securities lending and short selling transactions more effective;
- Developing local primary and secondary bond market (both municipal and corporate);
- Increasing liquidity and attracting new investors;
- Implementing corporate governance principles regarding the issuers, intermediaries, market operators, storage, etc.;
- Aligning to the IFRS accounting standards for the entities regulated and supervised by FSA.
Impact on investors: The S.T.E.A.M. strategic project will strengthen Romanian capital market and help it obtain emerging market status.