Former SEBON ED Giri Stresses Legal Reform and Tech Use for Capital Market Stability
Summary
Former SEBON Executive Director Niraj Giri has called for legal reform and technology-based supervision to stabilize Nepal’s capital market. He said the existing Securities Act is outdated, NEPSE and CDS need restructuring, and new instruments and coordinated policy are needed to attract NRNs and foreign investment.
Key Points
- Niraj Giri said Nepal’s capital market needs a new Securities Act and stronger legal clarity for market operations and regulation.
- He warned that the lack of real-time technology-based monitoring can create major risks, citing an undetected broker liability of Rs 3 billion.
- Giri said NEPSE and CDS should be restructured and upgraded rather than adding a new stock exchange in Nepal’s small economy.
- He urged coordinated action by the Ministry of Finance, Nepal Rastra Bank, and SEBON to open the market to NRNs and FDI.
