We are also encouraging the entry of high quality rating agencies, a critical actor in a capital market that is transparent and efficient in discovering fair prices commensurate to risk.
In the last few months, we have struggled to operationalize the fix income exchange [which FINEX and other organizations are major stakeholders] and to institutionalize an independent securities custody system that will improve investor protection, defeat market malpractices such as multiple selling of securities and undocumented transactions, and reduce systemic risk overall.