The Croatian Financial Services Supervisory Agency (Hanfa) summarised remarks by Board President Ante Žigman from an interview at Zagreb Financial Forum 2025, focused on balancing innovation, regulation and financial system resilience. He positioned capital market development as an important determinant of economic development and described Hanfa’s role as maintaining system and market infrastructure stability while supporting market development through initiatives such as the RoadToMarket sandbox. Žigman pointed to indicators of growing citizen access and participation, citing three successful initial public offerings (IPOs) in 2025, continued interest in Ministry of Finance bonds and treasury bills in recent years, and the use of m-Treasury and e-Treasury to facilitate investment access. He also discussed comparisons with other European Union markets and the United States, and highlighted regulatory changes aimed at reducing regulatory burden as part of modernising the framework and strengthening the competitiveness of the Croatian capital market; within Hanfa’s remit for national rules, discussions have focused on removing potential barriers and excessive requirements and exploring space for new investment forms and alternative financing sources.

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