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SEC, UP Law partner for capital market research

Published Apr 16, 2024 07:13 am

The Securities and Exchange Commission (SEC) and the University of the Philippines (UP) Law Center have joined hands to generate more research projects to help foster capital market development in the country.

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SEC Commissioner Karlo S. Bello and UP College of Law Associate Dean Solomon F. Lumba sign a Memorandum of Understanding to promote capital market development on March 18 at The SEC Headquarters in Makati City.

In a ceremony held on March 18, the SEC and the UP Law Center signed a memorandum of understanding (MOU) to explore opportunities for cooperation in research projects, capacity building and policy analysis, and resource and information sharing relevant to the capital markets.

Under the MOU, the UP Law Center has agreed to provide the SEC with technical assistance related to the preparation of legal and regulatory frameworks for financial market development, with initial emphasis on capital markets, yield curves, and other innovative regulatory frameworks.

For its part, the SEC will provide the university with informational resources for its activities related to issues surrounding capital market and financial market development.

“Through this MOU, the goal is to have exchanges of ideas from industry leaders and experts from the [UP Law Center], to develop further and strengthen the important role of the financial and capital market development in the country that will eventually provide businesses with the funds they need to invest, grow, and create jobs and, at the same time, also allow investors to earn a return on their investment,” SEC Commissioner Karlo S. Bello said.

Meanwhile, UP College of Law Associate Dean Solomon F. Lumba highlighted the role of the SEC in ensuring that the Philippines can follow in the footsteps of countries that have transformed themselves into economic superpowers.

Lumba said that the MOU formalizes the partnership of the SEC and the UP Law Center to "make this dream a reality and take the Filipino people to a far brighter tomorrow.” 

The SEC has also previously partnered with the UP Law Center to improve the formulation of policies that could address regulation of financial technology in the country.

The partnership gives the SEC and UP Law Center capacity building opportunities for the creation of a legal and regulatory framework that can address issues surrounding cryptocurrencies and other fintech products.
 

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Karlo Bello Securities and Exchange Commission UP Law Center
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