The challenge for next year is for better regulation and market supervision by the regulator, the Superintendency of Securities (VPS).

Capital.com.pa, reports that , "and it is not just a matter of budgets, rules and effective tools, but also staffing.
Currently, the Superintendency of Securities (VPS) has 14 people a year to oversee those 78 stock brokers.

The president of the Panamanian Chamber of Capital Markets, Patricia Boyd, said the goal for 2013, is for ‘The SMV demonstrate the effectiveness of the new structure and for its presence and supervision to be felt’".

Source: Capital.com.pa

More on this topic

Investments in Stock Market Up 11%

August 2018

In Panama, the portfolio managed by brokerage firms totaled $35,577 million at the end of the first half of the year, 11% more than was registered in the same period in 2017.

According to the Superintendency of the Securities Market, of the total portfolio, 43% correspond to bonds, another 27% of the assets belong to common shares, and 21% is made up of other securities. 

New Rules for Stockbrokers

September 2014

The Superintendency of the Panama Stock Exchange is preparing a regulation that prevents people with certain licenses from holding the same positions in more than one entity.

The regulation was submitted to consultation by the Superintendency of Securities and Exchange in Panama and received several proposed changes, mainly from the Panamanian Chamber of Capital Markets (Capamec), which believes that "...

Panama: Changes in Forex Market

April 2013

Financial sector operators have submitted their suggestions to update the rules of the activity, including a revision of the income limit.

A review of the ceiling of 30% on income from net currency trading with brokerage houses is one of the proposals received by the Superintendency of Securities (VPS), in this case driven by executive vice president and general manager the Stock Exchange, Roberto Brenes.

Implementation of Financial Supervision Criteria Suspended

January 2013

The new reporting requirements for minimum capital adequacy and liquidity for securities firms will have to wait for the resolution of inconsistencies in its application.

Prensa.com reports that "The entry into force of the agreement of April 2011, which permanently raises the minimum capital requirement of $150,000 for brokerage firms to $250,000 and establishes new reporting forms, was originally planned for July 1, 2012. "