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Legal and regulatory framework for developing government bond markets – suggested issues for discussion

General objective of the session on legal,regulatory and supervisory
issues:A fundamental prerequisite for a well-functioning government securities market development is the introduction of a sound legal, regulatory, and supervisory framework. Many of the associated legal and regulatory reforms must be in place before a government securities market can be developed. Moreover, a balance must be struck among the needs for proper risk control, market integrity, and market
development. Against this backdrop, the general purpose of this session is to find common ground what a “sound” legal, regulatory, and supervisory framework
means in practice.