El Salvador Financial Sector Assessment Program Development Module : Capital Markets
This technical note was prepared in the context of a World Bank Financial Sector Assessment Program mission in the Republic of El Salvador in March 2016. The capital markets in El Salvador continue to remain relatively small but have played a large...
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| Format: | Report |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/789021487930892084/El-Salvador-Financial-sector-assessment-program-capital-markets http://hdl.handle.net/10986/26281 |
| Summary: | This technical note was prepared in the
context of a World Bank Financial Sector Assessment Program
mission in the Republic of El Salvador in March 2016. The
capital markets in El Salvador continue to remain relatively
small but have played a larger role in financing real sector
needs in the last 5 years. The investor base is dominated by
institutional investors. Two pension funds represent the
primary investors in the securities market, followed by
banks and insurance companies. The integration with Panama
is a welcome development and will help improve opportunities
for Salvadoran investors and issuers. The regulation and
supervision of capital markets is shared, respectively,
between the Central Bank (BCR) and the Financial
Superintendency (SSF) and this required stronger
coordination. The document contains technical analysis and
detailed information underpinning the FSAP assessment’s
findings and recommendations. Further information on the
FSAP program can be found at www.worldbank.org/fsap. |
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