{
  "title": "Cambodia: Technical Assistance Report-Risk-Based Supervision in Capital Markets",
  "publication": "Technical Assistance Reports, August 7, 2026",
  "sourceUrl": "https://www.imf.org/en/publications/technical-assistance-reports/issues/2026/08/07/cambodia-technical-assistance-report-risk-based-supervision-in-capital-markets-578584",
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  "summary": "At the request of the Securities and Exchange Regulator of Cambodia (SERC), an IMF Monetary and Capital Markets Department technical assistance mission visited Phnom Penh in December 2025 to support the authorities’ efforts to strengthen and transition to a risk-based approach to supervision.",
  "sections": [
    {
      "heading": "Engagement overview",
      "content": "- Mission requested by the Securities and Exchange Regulator of Cambodia (SERC).\n- IMF Monetary and Capital Markets Department technical assistance mission visited Phnom Penh in December 2025.\n- Objectives:\n  - Support authorities’ efforts to strengthen and transition to a risk-based approach to supervision.\n  - Conduct a diagnostic review of Cambodia’s securities market and supervisory framework.\n  - Provide recommendations to support reform objectives and strengthen supervision of capital markets.\n  - Deliver training to senior and technical supervisory staff on key concepts and international practices in risk-based supervision.\n- Stakeholder engagement included SERC leadership and staff, market participants, and development partners."
    },
    {
      "heading": "Diagnostic review findings and recommendations (as summarized)",
      "content": "- Diagnostic review covered:\n  - Market developments.\n  - Supervisory priorities.\n  - Capacity development needs.\n- Mission provided recommendations to support authorities’ reform objectives and strengthen supervision of capital markets.\n- Engagement fostered close collaboration with the authorities and supported efforts to enhance supervisory capacity in line with the evolving needs of Cambodia’s capital markets."
    },
    {
      "heading": "Training and capacity development",
      "content": "- The mission delivered training to senior and technical supervisory staff on key concepts and international practices in risk-based supervision.\n- Capacity development focus included institutional strengthening and regulatory capacity for SERC staff."
    },
    {
      "heading": "Subjects and keywords (as listed)",
      "content": "- Subjects:\n  - Anti-money laundering and combating the financing of terrorism (AML/CFT)\n  - Bonds\n  - Crime\n  - Financial institutions\n  - Financial markets\n  - Financial regulation and supervision\n  - Risk-based supervision\n  - Securities\n  - Securities markets\n- Keywords:\n  - Anti-money laundering and combating the financing of terrorism (AML/CFT)\n  - Asia and Pacific\n  - Bonds\n  - Cambodia\n  - Capacity development\n  - Capital markets\n  - Department mission\n  - IMF publication\n  - Institutional strengthening\n  - Monetary and Capital Markets department\n  - Regulatory capacity\n  - Risk-based supervision\n  - Securities\n  - Securities and Exchange Regulator of Cambodia (SERC)\n  - Securities markets\n  - Securities regulation\n  - Securities supervision\n  - Southeast Asia\n  - staff of the Serc\n  - Supervisory framework\n  - Technical assistance.\n  - World Bank staff\n\n---\n\n Content in this bundle\n\n- Tarea2026062\n  - Tarea2026062 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Tarea2026062 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/technical-assistance-reports/issues/2026/08/07/cambodia-technical-assistance-report-risk-based-supervision-in-capital-markets-578584"
    }
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    "Published: August 7, 2026",
    "Series: Technical Assistance Reports",
    "DOI: https://doi.org/10.5089/9798229057790.019",
    "Mission requested by the Securities and Exchange Regulator of Cambodia (SERC).",
    "IMF Monetary and Capital Markets Department technical assistance mission visited Phnom Penh in December 2025.",
    "Objectives:",
    "Stakeholder engagement included SERC leadership and staff, market participants, and development partners.",
    "Diagnostic review covered:",
    "Mission provided recommendations to support authorities’ reform objectives and strengthen supervision of capital markets.",
    "Engagement fostered close collaboration with the authorities and supported efforts to enhance supervisory capacity in line with the evolving needs of Cambodia’s capital markets.",
    "The mission delivered training to senior and technical supervisory staff on key concepts and international practices in risk-based supervision.",
    "Capacity development focus included institutional strengthening and regulatory capacity for SERC staff.",
    "Subjects:",
    "Keywords:",
    "**Tarea2026062**"
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