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Indonesia Casts Doubt On ASEAN Integrated Capital Market
Indonesia expressed their doubts on the viability of an integrated capital market among ASEAN member states by 2015.
Indonesia expressed their doubts on the viability of an integrated capital market among ASEAN member states by 2015. The chairman of the capital market and financial institution supervisory agency (Bapepam-LK) Fuad Rahmany said that there is a lack of a common regulatory framework shared between the countries for the region to implement an integrated capital market by 2015. He also added that the region has the problem of synchronizing the regulations that were issued by each member country particularly because most of the ASEAN member states have inherited deep-rooted legal systems from their former colonial occupiers, making it difficult to adopt a single regulation to suit all needs.read source article