This paper discusses key findings of the Detailed Assessments of the Observance of Standards and Codes for Banking Supervision, Insurance Supervision, and Securities Regulation for Panama. The International Organization of Securities Commissions (IOSCO) assessment considered the securities regulatory framework, the powers, capabilities, and responsibilities of the authorities, as well as issues related to the securities markets, and the management of collective investment schemes and private pension funds. For assessment of insurance supervision, the existing laws on insurance, reinsurance, and captive insurance operations as well as specific regulation and anew draft insurance law were analyzed.Panamanian law requires notarization of all contracts, acts and documents involved in the incorporation of a company and Executive Decree 32 of 1997 states that only lawyers can prepare these documents. Also, in 2004 it was establishedanbsp;...
|Title||:||Panama: Detailed Assessments of Observance of Standards and Codes for Banking Supervision, Insurance Supervision, and Securities Regulation|
|Author||:||International Monetary Fund|
|Publisher||:||International Monetary Fund - 2007-02-15|