Banks raise concerns for a new derivative trading law
The Association of Banks in Cambodia has called on the Securities and Exchange Commission to ensure that over-the-counter derivatives transacted by banks do not fall under the governance of the new draft prakas governing derivatives trading on Cambodia’s stock exchange. Speaking at a workshop in Phnom Penh yesterday to provide feedback on the prakas, called licensing and supervision on derivative trading, Charles Vann, deputy director-general of the Association of Banking Cambodia, said derivatives contracts transacted by banks are already regulated by the National Bank of Cambodia. …
Hor Kimsay
http://www.phnompenhpost.com/business/banks-raise-concerns-new-derivative-trading-law
