Legal issues a burden for markets
Rule of law is 'weakest link', according to SEC
- Published: 16 Jan 2013 at 00.00
- Newspaper section: Business
The Securities and Exchange Commission (SEC) has identified inefficient legal processes _ from passing and enforcing laws to amending them _ as the major obstacle to capital-market development.
Deputy secretary-general Chalee Chantanayingyong yesterday said the complicated legal process is weighing on the capital markets, and weak law enforcement fails to penalise wrongdoers.
He told at a capital-market development forum that the capital markets have expanded drastically in terms of market prices and capitalisation, but this is due mainly to the country's strong economy and fundamentals.
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