Measures To Prop Up Capital Market Mulled

Representatives of the Bulgarian Association of Asset Management Companies (BAAMCС), the Bulgarian Association of Licensed Investment Intermediaries (BALII), the Bulgarian Association of Supplementary Pension Security Companies (BASPSC) and the Bulgarian Stock Exchange (BSE) held a meeting today with the management of the Financial Supervision Commission (FSC) on on the non-banking financial sector.
The participants in the meeting discussed the functioning of the Bulgarian capital market in the conditions of the global financial crisis, as well as potential measures for stabilization.
The professional organizations of the market participants and BSE, with the help of FSC, will continue to work towards improving the market's infrastructure and regulations drawing on the experience of the developed capital markets.
The two association presented their proposals at the meeting, BAAMC told Profit.bg.
The organizations will also seek support from the state for the development of a package of measures aimed at recovering the confidence of investors in the non-banking sector and propping up institutional investors, including collective investment schemes.