Executive Works on Securities Market Law
5 julio 2019

ECUADOR

On July 3, Marco Lopez, the president’s delegate on the Board of Monetary and Financial Policy and Regulation, announced that they are working on a securities market law to create better quality information on transactions with a view to having a draft ready in the coming months.

Lopez explained that it is necessary to incorporate new measures regarding transaction reporting as these are currently not reported and “there is no information about them.” He added that this situation “does not cause price vectors to be generated, nor does it dynamize the debt market.”

Speaking at the Economic Regime Committee tasked with receiving observations on the Monetary and Financial Code reform, Lopez also said that with this measure they intend to shore up the autonomy of the Central Bank (ECB), as they need to separate fiscal policy oriented towards expenditure, from monetary policy aimed at maintaining liquidity in the economy.

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