Ursache said the factors to be considered are the classification of the capital market, the regulations and the culture of the market.
As regards regulations, Ursache said Romania has faced no infringement regarding the capital market.
The capital market can partly cover the funding gap, but there are several factors to be considered, Mircea Ursache, vice-president of Romania’s Financial Supervisory Authority (ASF), told ZF Bankers Summit ’15 Monday.