committee on the global financial system cgfs papers no 62 establishing viable capital markets report submitted by a working group established by the committee on the global financial system the ...
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...Committee on the global financial system cgfs papers no establishing viable capital markets report submitted by a working group established was chaired viral v acharya reserve bank of india and li bo people s china january jel classification d g this publication is available bis website www org for international settlements all rights reserved brief excerpts may be reproduced or translated provided source stated isbn online preface central banks have keen interest in healthy efficient provide an important channel financing real economy they help allocate risk support economic growth stability effort to promote market development mandated co examine trends identify factors that foster robust following presents conclusions establishment it discusses importance strong enabling environment characterised macroeconomic autonomy legal frameworks effective regulatory regimes addition drivers are more directly linked specific functions such as better disclosure standards investor diversity inte...