Deep, efficient capital markets
are the foundations of long-term growth because they create access to finance for the private sector, said IFC Vice President and Treasurer Jingdong Hua.
In his 1991 sequel to his famous Efficient Capital Markets
thesis of 1969, Fama himself acknowledged that reality had in fact shown that the markets are a lot murkier than he and other efficient-markets theorists had initially envisioned.
The mandate of the OSC is to provide protection to investors from unfair, improper or fraudulent practices and to foster fair and efficient capital markets
and confidence in capital markets.
Deep and efficient capital markets
are the foundations for sustainable growth," said Hua.
Both sides also discussed the importance of developing deep and efficient capital markets
to support infrastructure financing in India.
The SECP is continuously focusing to promote fair, transparent and efficient capital markets
in line with international best practices.
He observed that while there are many components to a successful economy, it is well established that a successful financial is critically important to be able to develop efficient capital markets
and also to encourage and grow the SME sector.
We encourage the Big Five to retake the high ground here - it will benefit all parties and make for more efficient capital markets
He said bank restructuring, efficient capital markets
, and a transparent and well-supervised banking system are needed to bring the economies back onto the growth path.
Dennis' background and expertise will make him a superb chairman and resource to the FASB as it carries out its mission to establish and improve accounting and reporting standards that empower and protect investors and support efficient capital markets
But China will not maintain this growth without more efficient capital markets
(requiring greater investor protection) and a stronger banking system (requiring less official direction of credit).
The ministers will also express a resolve to rev up efforts to promote capital account liberalization for ''building resilient and efficient capital markets