Kish Broker Cluj: BSE is impossible to drive. The group has five employees a boss
Quizzes Product Wall Street Journal Best on the move Transform IT Business Profile Wall Street Lunch Buildings logo of Romania Romania Romania Trade Exchange world population prospects the 2006 revision Online Discover war in my rack your new Office Business All About Offshore A vacation spot, a new manager EcoBusiness Generation in Business
Gregory Kish (pictured), head of Romania's only brokerage world population prospects the 2006 revision houses listed on the Bucharest Stock Exchange (BVB), criticizes the situation "absurd" that BSE came because of conflicts in the Board of Directors. Broker Cluj (BRK) and SIF Moldova (SIF 2) have recently proposed the Bucharest Stock Exchange to move to a two-tier management system consisting of directors and supervisory board.
Gregory world population prospects the 2006 revision Kish: Currently, BSE is dominated by interest world population prospects the 2006 revision groups and is virtually impossible to drive. There is a paradox, backed up by rules imposed by the NSC, although the Stock Exchange is the majority shareholder in all group entities: Central Depository world population prospects the 2006 revision Bucharest Clearing world population prospects the 2006 revision House, the Investor Compensation Fund, she works as a coherent group.
All these companies should have a coherent common world population prospects the 2006 revision development of capital market and be managed world population prospects the 2006 revision by the Bucharest Stock Exchange, which is emphasize shareholder. In fact, however, are independent companies, driven by vested interests of board members of those companies. "Clearing House has five directors to six employees"
Since the NSC wanted these companies have no common members that make up the Group Board BSE reached absurd situation at the Bucharest Clearing House, which has a total of five directors to six employees, or Investors' world population prospects the 2006 revision Compensation Fund, which has five directors to three employees. Overall, the entire group BSE has presently a total of 28 directors to a total of 134 employees.
It's an absurd situation that can not continue. How to make consensus possible on a number of 28 directors? How to implement some common policies, when 28 people were right decision in a holding? world population prospects the 2006 revision Yet, the Stock Exchange is a private institution that should work. Therefore, world population prospects the 2006 revision we asked the stock exchange to work as a group to be able to apply some consistent measures of capital market development and management to have a dualistic group at BSE.
G. Kish: SSIF Broker supports anyone who is willing and able to participate in the reconstruction of the capital market in Romania, which, in our view, must start with rebuilding BSE.
BSE unfortunately struggles and helplessness, given that discuss merger with the Warsaw stock exchange in Vienna. I'm in the '97 stock market, and by 2000 was launched phrase that Bucharest Stock Exchange will become "a hub of regional development.
G. Kish: The main complaint is related to their number that is too high, and about their actual involvement in the daily course of the capital market. You can lead an institution the size of BSE with a number of new directors. It is a cumbersome structure that has proven ineffective in the two decades world population prospects the 2006 revision of existence. In my acceptance, there must be a maximum of nine directors in all BSE Group.
G. Kish: the market situation is absurd, because it reflects potential. There are domestic equity fund that manages over 3 billion, domestic pension world population prospects the 2006 revision funds under management have around 1.5 billion euro and receiving in managing substantial amounts world population prospects the 2006 revision monthly, and who have in which to place their the availability. There are companies that need funding world population prospects the 2006 revision and can not reach these funds and all this absurd situation is due to BSE, NSC's and brokers.
Capital market in Romania must suffer first degree of sophistication, if not in the next five years will disappear completely. world population prospects the 2006 revision Capital world population prospects the 2006 revision market in Romania must realize that operates in a European and global competitive environment, and if it is competitive will end anonymity. Romania's EU integration means first competition, and capital market competition is stiffer: capital migrates with the click of a computer keyboard anywhere in the world.
Read: Pintilie Broker Insurance agency opens in Camp Road and Safety world population prospects the 2006 revision New Times Broker expected to mediate raw 2013 45 million insurance brokers rankings after the first three months of the year
G. Kish: Definitely this measure was one aberrant. Nobody, no matter how you call and c
Quizzes Product Wall Street Journal Best on the move Transform IT Business Profile Wall Street Lunch Buildings logo of Romania Romania Romania Trade Exchange world population prospects the 2006 revision Online Discover war in my rack your new Office Business All About Offshore A vacation spot, a new manager EcoBusiness Generation in Business
Gregory Kish (pictured), head of Romania's only brokerage world population prospects the 2006 revision houses listed on the Bucharest Stock Exchange (BVB), criticizes the situation "absurd" that BSE came because of conflicts in the Board of Directors. Broker Cluj (BRK) and SIF Moldova (SIF 2) have recently proposed the Bucharest Stock Exchange to move to a two-tier management system consisting of directors and supervisory board.
Gregory world population prospects the 2006 revision Kish: Currently, BSE is dominated by interest world population prospects the 2006 revision groups and is virtually impossible to drive. There is a paradox, backed up by rules imposed by the NSC, although the Stock Exchange is the majority shareholder in all group entities: Central Depository world population prospects the 2006 revision Bucharest Clearing world population prospects the 2006 revision House, the Investor Compensation Fund, she works as a coherent group.
All these companies should have a coherent common world population prospects the 2006 revision development of capital market and be managed world population prospects the 2006 revision by the Bucharest Stock Exchange, which is emphasize shareholder. In fact, however, are independent companies, driven by vested interests of board members of those companies. "Clearing House has five directors to six employees"
Since the NSC wanted these companies have no common members that make up the Group Board BSE reached absurd situation at the Bucharest Clearing House, which has a total of five directors to six employees, or Investors' world population prospects the 2006 revision Compensation Fund, which has five directors to three employees. Overall, the entire group BSE has presently a total of 28 directors to a total of 134 employees.
It's an absurd situation that can not continue. How to make consensus possible on a number of 28 directors? How to implement some common policies, when 28 people were right decision in a holding? world population prospects the 2006 revision Yet, the Stock Exchange is a private institution that should work. Therefore, world population prospects the 2006 revision we asked the stock exchange to work as a group to be able to apply some consistent measures of capital market development and management to have a dualistic group at BSE.
G. Kish: SSIF Broker supports anyone who is willing and able to participate in the reconstruction of the capital market in Romania, which, in our view, must start with rebuilding BSE.
BSE unfortunately struggles and helplessness, given that discuss merger with the Warsaw stock exchange in Vienna. I'm in the '97 stock market, and by 2000 was launched phrase that Bucharest Stock Exchange will become "a hub of regional development.
G. Kish: The main complaint is related to their number that is too high, and about their actual involvement in the daily course of the capital market. You can lead an institution the size of BSE with a number of new directors. It is a cumbersome structure that has proven ineffective in the two decades world population prospects the 2006 revision of existence. In my acceptance, there must be a maximum of nine directors in all BSE Group.
G. Kish: the market situation is absurd, because it reflects potential. There are domestic equity fund that manages over 3 billion, domestic pension world population prospects the 2006 revision funds under management have around 1.5 billion euro and receiving in managing substantial amounts world population prospects the 2006 revision monthly, and who have in which to place their the availability. There are companies that need funding world population prospects the 2006 revision and can not reach these funds and all this absurd situation is due to BSE, NSC's and brokers.
Capital market in Romania must suffer first degree of sophistication, if not in the next five years will disappear completely. world population prospects the 2006 revision Capital world population prospects the 2006 revision market in Romania must realize that operates in a European and global competitive environment, and if it is competitive will end anonymity. Romania's EU integration means first competition, and capital market competition is stiffer: capital migrates with the click of a computer keyboard anywhere in the world.
Read: Pintilie Broker Insurance agency opens in Camp Road and Safety world population prospects the 2006 revision New Times Broker expected to mediate raw 2013 45 million insurance brokers rankings after the first three months of the year
G. Kish: Definitely this measure was one aberrant. Nobody, no matter how you call and c
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