LATEST PUBLICATIONS
PJD 2017 Vol. 44 No. 2d
Enhancing the Philippine Legal, Regulatory, and Policy Framework for Distributed Energy Resources
PJD 2017 Vol. 44 No. 2c
Possible Effects of China's Belt and Road Initiative on Philippine Trade and Investments
PJD 2017 Vol. 44 No. 2b
Effect of Supply Chain Integration on Business Performance and Competitiveness of Philippine SMEs
PJD 2017 Vol. 44 No. 2a
Role of Subjective Perceptions and Migration Culture in the Formation of Migration Intentions: Evidence from a Rural Village in the Philippines
Publication Detail
29082: Iosco objectives and principles of securities regulation

A joint World Bank/International Monetary Fund mission visited the Republic of the Philippines during the period October 8-23 and November 19-December 6, 2001 as part of the Financial Sector Assessment Program (FSAP). The aim was to assess the effectiveness of securities regulation, soundness of market intermediaries, and development prospects for the capital markets, including observance of the IOSCO Objectives and Principles of Securities Regulation. Overall, the Philippines scores very well against the IOSCO Principles thanks to the conscious efforts having been made in the recent past. Some improvements are needed in the areas of collective investment schemes and secondary market regulation. Remaining issues in other areas are either currently being addressed or relatively minor. Recommended Actions to Improve Compliance with the IOSCO Objectives and Principles of Securities Regulation include: In-house training of the SEC staff to enhance their skills on market surveillance, investigation and enforcement should be strengthened. The Manual of Operations and Procedures for the staff currently reviewed and revised may be used to develop the training program. Computerization of electronic filing of company registration has been introduced. Further progress with computerization of the SEC's regulatory reporting and monitoring is awaited.

World Bank
Authors Keywords
World Bank; financial sector; banking system; financial delivery system; banking reforms; banking sector; securities; corporate governance; banking regulation; banking; accounting; international accounting standards;
Download PDF Number of Downloads
Published in 2002 and available in the World Bank website or can be downloaded as full text Downloaded 921 times since November 25, 2011