Round table about the development of the capital market in Serbia

A round table about the development of the capital market in Serbia was held in Belgrade yesterday. The event gathered together representatives of the Ministry of Finance, National Bank of Serbia, Belgrade Stock Exchange, Central Securities Depository and Clearing House, Securities Commission and their international partners from the World Bank, European Bank for Reconstruction and Development (EBRD), United States Agency for International Development (USAID) and the United Nations Development Program (UNDP).

Serbian Finance Minister Sinisa Mali took part in the round table and announced that a capital market development strategy was being prepared with the support of international institutions and that a draft strategy should be adopted by June 2020. Serbia's Finance Minister pointed out that the capital market was on the rise, that the investor confidence in Serbian financial sector kept growing, and singled out the rising number of investors in domestic securities.

Chairman of the Serbian Securities Commission Mr Marko Jankovic underlined that at this moment there were parallel, concurrent processes taking place – harmonization of the capital market legal framework with the EU acquis and institutional capacity building of the Commission. In this regard, Mr Jankovic said that he believed that the adoption of the Capital Market Development Strategy would spur the processes, bringing about positive, beneficial effects on the capital market.