Bapepam, Thai SEC set to enhance corporation

Bapepam, Thai SEC set to enhance corporation

The Jakarta Post, Jakarta

The Indonesian Capital Market Supervisory Agency (Bapepam) and
Thailand's Securities and Exchange Commission (SEC Thailand) have
signed a memorandum of understanding (MOU) to enhance cooperation
in supervising and developing the capital markets of both
countries.

The MOU was signed in Bangkok on Monday by SEC Thailand
secretary-general Prasarn Trairatvorakul and Bapepam chairman
Herwidayatmo, SEC Thailand said in a statement.

The statement said the MOU was aimed at strengthening the
relationship and enhancing mutual cooperation between both
regulatory bodies.

The MOU will facilitate the exchange of information concerning
the supervision and development of capital markets, and foster
assistance in investigations within the permissible extent of the
law of each jurisdiction.

Both agencies believe the MOU will result in greater
efficiency in the supervision of cross-border transactions. In
particular, the understanding will benefit investor protection,
the prevention of unfair practices and the promotion of financial
innovation.

The agencies also said the MOU would eventually assure closer
collaboration between the regulatory agencies in promoting the
sustainable and stable growth of capital markets in the Asia-
Pacific region.