Great Bay Energy was founded as a capital markets firm, and supporting the development of strong, deep markets remains a cornerstone of our work in emerging markets around the world. Great Bay Energy works with policymakers, regulators, and market actors to implement frameworks that encourage capital market development and greater market diversification, promoting investment, competitiveness, and generating new pools of capital. Great Bay Energy  understands that fair and efficient capital markets are critical to long-term financial stability, and that many emerging economies struggle to develop the thriving capital markets necessary to attract investment, manage risks, support pension funds, lower the cost of capital, and promote corporate transparency and accountability. Great Bay Energy has worked with hundreds of central banks, government ministries, securities and commodities exchanges, and private sector banks and NBFIs on critical capital market development challenges. This work includes comprehensive financial sector reform and stability programs, developing central bank policy and regulations, assistance to market operators and supervisors, corporate governance reform, strengthening pension and insurance systems, and private bank resolution and restructuring.