Accession to the European Union is clearly the top priority of the Slovenian government although problems with implementations of reform, public administration and public procurement need to be rectified. Slovenia's political importance has increased post Kosovo. Turning to financial markets the Ljubljana Stock Exchange is modelled on the trading system of the Calgary Stock Exchange. The Central depository and clearing agency manage individual investor accounts, amongst other things. The Agency for the securities market established in 1995 has little regulatory powers and the use of new technology is limited.
New technologies are quite common in the Slovenian financial market.
Besides computers and mobile phones there have been advances in telecom and broad- casting, technologies and finance driven value added services. Infomediaries improve liquidity whilst the emergence of alternative trading platforms enhances accessibility. Regulators give greater transparency and the emphasis shifts from protection of small investors to risk management for brokers. There is increased competition amongst brokers, low transaction fees and good supply of internet info services. However, there are no domestic institutional investors, red tape is prolific and there is a regulatory quagmire through political meddling and parochial audience.