Dr. Bhatt Calls CCP Essential as SEBON Moves Toward Stronger Market Regulation
Summary
SEBON Chairman Dr. Gopal Prasad Bhatt says the board is adopting a new risk- and governance-based regulatory strategy to make Nepal’s capital market safer and more organized. He also says a Central Counterparty is needed for share and derivative settlement, while SEBON coordinates with Nepal Rastra Bank over risks linked to Karnali Development Bank.
Key Points
- SEBON has adopted a new risk- and governance-based regulatory strategy to strengthen Nepal’s capital market.
- Chairman Dr. Gopal Prasad Bhatt said a Central Counterparty is needed to settle share and derivative transactions in the secondary market.
- SEBON is considering whether NEPSE or CDSC should handle CCP responsibilities, depending on infrastructure and capacity upgrades.
- The board wants only companies with strong governance to raise public funds and is coordinating with Nepal Rastra Bank on bank-related risk issues.
