Photo Release
December 11, 2014

CAPITAL MARKET REFORM AND SECURITIES REGULATION: Sen. Serge Osmeña III, chair of the Senate Committee on Banks, Financial Institutions and Currencies, presides over a public hearing looking into the status of the enforcement and compliance of the Philippine capital market in relation to international best practices in capital market reform and the regulation of securities, Thursday, December 11, 2014. Osmeña is calling for the Philippines to be a signatory of the International Organization of Securities Commission (IOSCO), the international body that links the world's securities regulators. The non-signing of the IOSCO’s multilateral memorandum of understanding, he says, prevents the Philippines from fully participating in regional undertakings and initiatives of the ASEAN Economic Community 2015, ASEAN Capital Markets Forum and APEC. (PRIB Photo by Romeo Bugante/11 December 2014)

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