These included development of market micro structure, removal of structural bottlenecks, introduction/ diversification of new players/instruments, free pricing of financial assets, relaxation of quantitative restrictions, better regulatory systems, introduction of new technology, improvement in trading infrastructure, clearing and settlement practices and greater transparency. Reforms in financial markets were carefully sequenced ensuring that they were in sync with the real sector.
My role today is to chair the roundtable on “Institutional investors’ asset allocation and the real economy”, which focuses on how institutional investors can contribute to expanding the range of services and the volume of financial resources available to businesses. The panel will benefit from the contributions of distinguished participants, who will share their experience in the field with us.