Mongolia needs to amend laws to allow MSE to function properly says LSE
Bill Gorman, new president of the MSE has announced at a recent meeting that it was making progress but needed legal changes from parliament to keep pressing forward.
The LSE is gradually pushing through changes to the MSE.
The President of the Mongolian Stock Exchange (MSE), Bill Gorman, told participants at the Trade Mongolia 2011 forum, held in Chinggis Hotel on June 3 and 4, that when the work of restructuring the MSE was completed by the London Stock Exchange team, it would be electronically connected to the LSE and the Toronto exchange. The priority areas in the restructuring were trading methods, accounting, and deal making. The program, which included training MSE staff, is expected to be finished in December.
The team is facing some problems such as inadequate laws. Gorman hoped the Government of Mongolia would take note of these and take quick corrective measures.
Source : ResCap
The LSE is gradually pushing through changes to the MSE.
The President of the Mongolian Stock Exchange (MSE), Bill Gorman, told participants at the Trade Mongolia 2011 forum, held in Chinggis Hotel on June 3 and 4, that when the work of restructuring the MSE was completed by the London Stock Exchange team, it would be electronically connected to the LSE and the Toronto exchange. The priority areas in the restructuring were trading methods, accounting, and deal making. The program, which included training MSE staff, is expected to be finished in December.
The team is facing some problems such as inadequate laws. Gorman hoped the Government of Mongolia would take note of these and take quick corrective measures.
Source : ResCap
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