Peru, Chile, Colombia
Stock Market Integration Expected Dec 2011
LIMA (Dow Jones) - The integration of the
Peruvian, Chilean and Colombian stock
markets should be completed by December
2011, an official with Peru's securities
regulator said Friday.
"The first phase of the integration should
be completed in November 2010, and the
second phase by December 2011," said Raul
Aza, vice president of Peruvian regulatory
agency Conasev, at a press conference
following the second working meeting of
representatives from the regulators of the
three stock exchanges.
The meeting in Lima was also attended by
Roberto Borras, director of Colombia's
financial regulatory body, the SFC, and
Armando Massarente, the director of stocks
for Chile's securities regulator, the SVS.
"We are very satisfied with the results of
this meeting," which dealt with
harmonization of regulatory, market and
technical issues, Aza said.
At the meeting a second memorandum of
understanding, which aims to establish
methods of information exchange, was signed.
A third working meeting is scheduled to be
held in Bogota on June 21-22.
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