domestic capital market

Creating an effective domestic capital market will take years of work, though.

As I have said before, this requires establishment of a stable domestic capital market.

A priority should be to encourage the development of domestic capital markets and strengthen regulatory requirements.

Last but hardly least, the reform guaranteed a flow of savings to jump-start the small domestic capital market.

Traditionally, the bank's dollar borrowing operations have been smaller, discrete issues offered in either the domestic capital markets or in the Eurodollar market overseas.

The dominant financial trend in Europe now, industry executives said, is the expansion of domestic capital markets in Germany, France and other nations.

This includes tapping domestic capital markets where feasible and the judicious use of guarantees and guarantee facilities, while managing contingent liabilities prudently.

RGESS was introduced with the goal of encouraging savings from small retail investors to enter domestic capital markets.

Being a pioneer, John Markopoulos is the man who literally opened up the Greek capital markets to the international investors community, attracting significant inflows to the domestic capital market.

Throughout the 1980s and the 1990s there were numerous liberalization measures: in monetary policy, in domestic capital markets, and in various instruments of governmental interference in economic activity.

For many corporate, sovereign and supranational issuers, the arena of choice was the largely unregulated, untaxed Euromarket, where raising money is often faster and cheaper than in domestic capital markets.

British domestic capital market transactions will be excluded, however, as will the British corporate broking activities of ABN-Amro Hoare Govett.

About $200 billion, or roughly 7 percent of a domestic capital market estimated at $3 trillion, is being indexed already, said Tom Allen, president of Advanced Investment Management in Pittsburgh.

In recent years, Reuters and Dow Jones have each won thousands of customers among China's banks and securities firms that use up-to-the-minute market information to trade on international and domestic capital markets.

The pension funds have now accumulated resources equivalent to 70 percent of gross domestic product, a pool of savings that has helped finance economic growth and spurred the development of liquid long-term domestic capital market.

To encourage the formation of private, stockholder-owned companies, partly by spinning Government businesses off, the Government wants to facilitate development of the domestic capital market and trading in the shares of the new companies.

The president of the Bundesbank, Karl Otto Pohl, warned in a speech Thursday that the Government's proposed 10 percent withholding tax on some interest income would drive up interest rates as investors abandoned domestic capital markets.

The scheme is aimed at encouraging the flow of savings of small investors in the domestic capital market, and presents investors with tax benefits provisioned as a new section, 80CCG, in the Income Tax act.

"What we believe we're going to see over the first six months is a very cautious approach by issuers and investors alike," said Marwan Marshi, head of domestic capital markets at Salomon Smith Barney, a unit of Citigroup.

With a new law allowing foreigners to invest in domestic capital markets expected to go into effect soon, two European banks, Deutsche Bank and HSBC of Britain, have applied for licenses to start investment banking operations in Riyadh.

And some investors, including Dennis Rodrigues, a partner in the Sao Paulo-based firm FIR Capital, see the evolution of domestic capital markets as the key to the success of venture-capital investing in Latin America.

As Korea's representative development financing bank, No. 1 arranger in Asia-Pacific project finance market and leader of domestic capital market, KDB has fostered the growth and heightened the competitiveness of strategic industries by meeting their changing financial needs.

Share issues can broaden and deepen domestic capital markets, boosting liquidity and (potentially) economic growth, but if the capital markets are insufficiently developed it may be difficult to find enough buyers, and transaction costs (e.g. underpricing required) may be higher.

The Federal National Mortgage Association said yesterday that it had begun to issue mortgage-backed securities tied to the London interbank offered rate, the rate used by major London banks as the basis for short-term borrowings in the international and domestic capital markets.

ASIFMA works to develop more open domestic capital markets, more standardized market practices and a more stable and transparent regulatory environment will help mobilize and redirect the region's considerable financial savings to support Asia's continued economic growth and development.