The transition of the Comisión Nacional de Valores (National Securities Commission) to the new entity has been affected by administrative and legal difficulties which are causing confusion.
The process is suffering from legal and administrative complications in the absence of a regulation in the new law regulating the securities market, which has led to administrators not making decisions nor responding to consultations, among other problems.
The challenges that the National Securities Commission must confront to comply with its mission of regulation and control of the Panamanian securities market.
Tagnia Shocrón, of Laestrella.com.pa, interviewed Julio Javier Justiniani, a former banker, who was recently appointed vice-president commissioner of the National Securities Commission.
Regarding the question, "Is the regulation that Panama relies on sufficient?," Julio Javier Justiniani answers: