Financial market liberalization

Informal interviews with knowledgeable market participants can generate important leads.

Users of financial information and participants in the marketplace need information on foreseeable material risks, including risks specific to industries or geographical areas, dependence on certain commodities, financial market risk and derivative risks.

Financial and Capital Market Commission

To determine the fair value of a financial asset, an enterprise shall choose those value appraisal techniques which are generally acknowledged by market participants and have been proved as reliable by past actual transaction prices of the market

Financial mechanisms and market based instruments

10. Invites the International Monetary Fund to determine additional regulatory and disclosure measures to ensure greater transparency of financial market participants, including highly leveraged operations of the international institutional investors

Participants stressed that, owing to the presence of market failures, Governments had a critical role to play in developing a financial sector capable of supporting broad based growth and ultimately poverty reduction.

First, the IMF should promote financial stability through multilateral surveillance. It should be positioned at the center of international financial markets and provide an analytical platform, not only for central banks and finance ministries, but also for regulators, standard setters, and market participants.

Europe also has much to gain from ongoing financial integration with the eventual goal of a truly pan European financial market. Greater market access, market reform, and efforts at regulatory harmonization including those under the EU's Financial Services Action Plan should help advance this trend.

I am not advocating a return to the early Middle Ages, when Church usury laws forbade interest on loans. Back then, financial market participants had to devise fantastic schemes and contortions to disguise interest payments.

Those who believe that inflation will remain low should look more thoroughly and think more clearly. There are plenty of good textbooks that explain what too many policymakers and financial market participants would rather forget.

Prices were (mostly) stabilized, but with a slow, if continuous, rising trend. The market for these financial products grew over 30 years to the point that they delivered huge opportunities for immediate gain, which provided a strong incentive for market participants to play with them more and more.

Economic and financial crimes introduce critical distortions into free market economies.

A number of participants expressed concern about the functioning of the international financial system.

Participants expressed strong support for OHCHR, including the need to increase its financial resources.

The functions of the investor country participants focussed primarily on financial and technical roles.

7. The participants noted that Know your customer was one of the most important business rules for market penetration.

Yet financial market participants have largely bypassed them, brushing aside today s major risks and ignoring the potential volatility that they imply. Instead, financial investors have trusted in the steadfast support of central banks, confident that the monetary authorities will eventually succeed in transforming policy induced growth into genuine growth.

We need to provide better market access, including access to financial services.

These include technology transfer, capacity building, financial assistance, and market based instruments.

Twenty participants, who received financial support from their organizations, represented Angola, Namibia and South Africa.

Global financial integration and imbalances in financial and money markets had adversely affected many countries, particularly emerging market economies.

Most regulators and market participants agree that Europe's financial markets are dysfunctional. With banking assets amounting to roughly 300 of EU wide GDP, compared to some 70 in the United States, large pools of savings are being left unused.

Article 51As for the financial assets or financial liabilities for which there is an active market, the quoted prices in the active market shall be used to determine the fair values thereof.

Depending on the product and other overall market conditions, the distribution channel can involve different types and numbers of participants.

Some participants felt that tackling broader issues related to market structure through liberalization, privatization and deregulation should be given priority.

The fixed exchange rate also provided an implicit assurance to market participants, who saw no need to hedge foreign borrowing.

It will reinforce convergence expectations among financial market participants, which will translate into lower risk premia for investors. Lower risk also will bring inflation expectations down and reduce interest rates, which will in turn speed up the compression of Polish government bond yields to comparable EU levels, increasing financial stability.

Training MFIs in on how to mobilize funds on the international financial market

Participants also stressed that developing countries could suffer significant output losses during periods of financial distress.

In general, in addition to efficient overseeing institutions, a good regulatory framework should promote self regulation and self monitoring by financial institutions, leaving sufficient room for market participants to act in a flexible manner, while including measures that encourage good practices.

On the basis of the unemployed person apos s individual situation the participants are given information and guidance on employment opportunities on the local labour market and on the future labour market.

Foreign financial flows, in the view of many participants, could also make a significant contribution to development.

The distribution market was liberalized after the financial crisis that Thailand faced in 1997.

Even so, the financial situation of families compels minors to enter the labour market.

In fact, the competent international financial institutions had responded appropriately to recent market volatility.

Governments, UNCTAD, World Bank, IMF, financial institutions (private and public), business community (capital market)

Particular attention should be paid to capital flows so that the global financial market does not develop into a world financial casino .

An economic and financial analysis is required to define the economic benefits for all participants in the system.

Economic instruments Influencing behaviour and impact through financial means and sending signals via the market

(5)The financial asset can no longer continue to be traded in the active market due to serious financial difficulties of the issuer

The prevention of financial crises will require enhanced early warning mechanisms, including improved and effective surveillance of national and international financial market developments.

Such conditions, together with fiscal incentives and financial market regulations, will help to mobilize savings, develop financial institutions and markets and encourage investment.

Herein lies the great paradox. Although no one likes the dollar standard, governments and private market participants still consider it the best option.