*  *  *  Ladies and gentlemen Eight years into the transition of the Serbian economy, we may safely say that our financial sector has become and, judging from how things stand now, shall remain bankcentric. Such observation is based on the following two facts: 1.
The share of the banking sector in total assets of the financial sector (banks, insurance companies, leasing providers and voluntary pension funds) remained more or less constant at around 90% throughout the period from 2003 to 2007! 2. Legislative activities on faster development of the capital market have been stuck in the doldrums for almost two years now!