Documents et rapports

Security Token Offerings : Regulatory Approaches and Lessons from Global Case Studies (anglais)

Security token offerings (STOs) recently have gained attention as an alternative mechanism for funding. By leveraging blockchain technology, STOs facilitate the issuance of tokens that are backed by tangible...

Liquidity In Corporate Markets: A Literature Review (anglais)

This note reviews the economic literature and empirical research on the drivers and effects of secondary market liquidity in the corporate securities markets. The choice of this topic was driven by the...

Reducing Carbon using Regulatory and Financial Market Tools (anglais)

This paper studies the conditions under which debt securities that make the cost of debt contingent on the issuer's carbon emissions, similar to sustainability-linked loans and bonds, can be equivalent...

Money Laundering Risk Assessment : Module 4 – Securities Sector Vulnerability (Module 4.A) (anglais)

The World Bank Group has developed an analytical risk assessment tool to guide countries in conducting their money laundering / terrorist financing (ML/TF) risk assessment at the national level. The development...

Parte III : Mercado Desintermediado - Título V Sistema Integral de Información del Mercado de Valores (SIMEV) : Capítulo I - Registro Nacional de Valores Y Emisores (RNVE) (espagnol)

Albania - EUROPE AND CENTRAL ASIA- P171066- Enhancing Capital Markets Supervision Capacities of The Albanian Financial Supervisory Authority Phase 2 - Procurement Plan (anglais)

Official Documents- Memorandum of Understanding with the Korea Securities Depository (anglais)

Disclosable Version of the ISR - Bangladesh Investment Promotion and Financing Facility Project II (IPFF II) - P159429 - Sequence No : 03 (anglais)

China - Financial sector assessment program : detailed assessment of observance - IOSCO objectives and principles of securities regulation (anglais)

The authorities’ vision of ensuring that the capital markets support China’s transformation towards a more market-oriented economy has driven capital markets development and, as the authorities recognize...

Promoting the use of capital markets for infrastructure financing : lessons for securities markets regulators in emerging market economies (anglais)

This Note provides guidance to securities markets regulators in emerging market economies (EMEs) about key regulatory issues that could affect the issuance of debt instruments for infrastructure financing...

India - Financial sector assessment program update : securities regulation - technical note (anglais)

This Technical Note examines India’s securities market and the regulatory system overseeing the securities market and market participants. It is based upon a mission to Mumbai, India from March 14 – 31...

China - Financial sector assessment program : detailed assessment of observance - IOSCO objectives and principals of securities regulation (anglais)

An assessment of the level of implementation of the International Organization of Securities Commissions (IOSCO) objectives and principles of securities regulation was conducted in the People’s Republic...

Azerbaijan - AZ Capital Markets Modernization (anglais)

Fixed income instruments to mobilize institutional investors for SME financing in EMEs (anglais)

Emerging market economies (EMEs) face significant funding gaps in strategic sectors, such as infrastructure and small and medium enterprise (SME) financing, that if not addressed can stifle growth. In...

Official Documents- Financing Agreement for Grant D141-3A (Closing Package) (anglais)

Capital market financing, firm growth, and firm size distribution (anglais)

How many and which firms issue equity and bonds in domestic and international markets, how do these firms grow relative to non-issuing firms, and how does firm performance vary along the firm size distribution?...

Hybrid issuance regimes for corporate bonds in emerging market countries : analysis, impact and policy choices (anglais)

Securities regulators in many developing countries are looking for ways to help grow their nongovernment bond markets to finance development. A common challenge is onerous regulations for issuance of bonds...

Bosnia and Herzegovina - Financial sector assessment program : capital markets technical note (anglais)

Money Laundering Risk Assessment : Module 4 – Securities Sector Vulnerability Assessment Guidance (anglais)

The World Bank Group has developed an analytical risk assessment tool to guide countries in conducting their money laundering / terrorist financing (ML/TF) risk assessment at the national level. The development...

Money Laundering Risk Assessment : Module 4 – Securities Sector Vulnerability (Module 4.B) (anglais)

The World Bank Group has developed an analytical risk assessment tool to guide countries in conducting their money laundering / terrorist financing (ML/TF) risk assessment at the national level. The development...