Institutional investors, whose presence confers stability thanks to their long investment horizon, must be given adequate representation in the bodies charged with supervisory functions. Sound and prudent management demands that the presence of current and former employees in the shareholding structure should not influence management policies and decisions. Second, there should be no hesitation to change the bank’s legal form.
Indeed, the interbank market volumes and the central bank’s presence have been inversely correlated, and this behavior is in line with the experience some other countries, for example the Czech Republic, had at this stage of market development in transition.