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BROKERAGES IN CROATIA CANNOT COLLAPSE

( Editorial: --> 5651 ) ZAGREB, Dec 3 (Hina) - A round-table conference on the subject of bonds in Croatia took place in Zagreb on Wednesday under the organisation of the Croatian Securities Commission and the British company Dewe Rogerson in charge of promoting market capital. The Croatian Securities Commission was accepted as a full member into the International Organisation of Securities Commissions (IOSCO) at its session last month. Explaining the purpose, work and future tasks of the Commission, its chairman, Ivica Smiljan, stressed that its goal was to follow all developments in the Croatian capital market. Describing the situation of the capital market in Croatia and comparing it to international markets, Smiljan said that brokerages in Croatia could not go bankrupt to such an extent as in the rest of the world. (hina) lm mm 032013 MET dec 97

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