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In the last 40 years, damage to natural disasters has registered a 14-fold increase. Since 1990, losses from natural disasters have exceeded 700 billion USD, and 70% of global economic losses are still uninsured. The existence of such large deficits proves that market mechanisms have not been very effective, and if this trend continues, it is estimated that around 2065 the world will spend all the economic growth accumulated with the response to these disasters. Financial resilience, especially in the case of deve...

The central counterparty (CCP) is that market infrastructure entity that comes between the parties of a transaction, becoming a buyer for each seller and a seller for each buyer, thus ensuring the proper execution of transactions in the process of settlement, or of the obligations relating to open positions. This market infrastructure entity can provide guarantee services for transactions based on financial instruments carried out both on the spot trading venues and on the venues specific to the derivatives market...

During the last years, the investments flows had a slow increasing trend on local market, even if in Romania were made improvements in order to attract investors, not only from Europe, but worldwide. In this regard, the aim of our study is to identify how the legislative changes have influenced the capital market, especially the investments area, including also the foreign direct investments. Romania was affected by the financial crisis which took place in 2008, so we have analyzed the situation before and after t...