|
|
 |
 |
| Sunday, 6 April 2003 |
 |
|
 |
Business |  |
| News Business Features Editorial
|
Reforms needed to develop local bond markets - ADB Vice-President SEOUL, KOREA - Although Asian countries have taken steps to improve the legal environment in promoting securitisation and developing the local bond market, reforms are needed to promote investment in domestic bond markets, ADB Vice-President Myoung-Ho Shin said last week. "Credit enhancements can supplement credibility. Development of the regulatory framework coupled with settlement and depository facilities will provide necessary infrastructure to operate the market," Shin told an APEC High Level Policy Dialogue on Development of Securitisation and Credit Guarantee Markets for Bond Market Development. The challenges can be addressed through close regional cooperation and partnership between national governments, he said. The ADB is working towards promoting capital market development through policy advice and issuance of bonds denominated in domestic currencies, he noted. The ADB recently announced a local currency bond issuance initiative as a means to further promote private sector projects. |
|
News | Business | Features
| Editorial | Security Produced by Lake House |
