## Cambodia: Technical Assistance Report-Risk-Based Supervision in Capital Markets

_Technical Assistance Reports, August 7, 2026_

## Source details

**Canonical URL:** [Cambodia: Technical Assistance Report-Risk-Based Supervision in Capital Markets](https://www.imf.org/en/publications/technical-assistance-reports/issues/2026/08/07/cambodia-technical-assistance-report-risk-based-supervision-in-capital-markets-578584)

## Other formats

- [Markdown version](/en/publications/technical-assistance-reports/issues/2026/08/07/cambodia-technical-assistance-report-risk-based-supervision-in-capital-markets-578584/index.md)
- [Structured JSON version](/en/publications/technical-assistance-reports/issues/2026/08/07/cambodia-technical-assistance-report-risk-based-supervision-in-capital-markets-578584/index.json)
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## Bibliographic details
- Published: August 7, 2026
- Series: Technical Assistance Reports
- DOI: https://doi.org/10.5089/9798229057790.019

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### Engagement overview
- 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:
  - Support authorities’ efforts to strengthen and transition to a risk-based approach to supervision.
  - Conduct a diagnostic review of Cambodia’s securities market and supervisory framework.
  - Provide recommendations to support reform objectives and strengthen supervision of capital markets.
  - Deliver training to senior and technical supervisory staff on key concepts and international practices in risk-based supervision.
- Stakeholder engagement included SERC leadership and staff, market participants, and development partners.

### Diagnostic review findings and recommendations (as summarized)
- Diagnostic review covered:
  - Market developments.
  - Supervisory priorities.
  - Capacity development needs.
- 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.

### Training and capacity development
- 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 and keywords (as listed)
- Subjects:
  - Anti-money laundering and combating the financing of terrorism (AML/CFT)
  - Bonds
  - Crime
  - Financial institutions
  - Financial markets
  - Financial regulation and supervision
  - Risk-based supervision
  - Securities
  - Securities markets
- Keywords:
  - Anti-money laundering and combating the financing of terrorism (AML/CFT)
  - Asia and Pacific
  - Bonds
  - Cambodia
  - Capacity development
  - Capital markets
  - Department mission
  - IMF publication
  - Institutional strengthening
  - Monetary and Capital Markets department
  - Regulatory capacity
  - Risk-based supervision
  - Securities
  - Securities and Exchange Regulator of Cambodia (SERC)
  - Securities markets
  - Securities regulation
  - Securities supervision
  - Southeast Asia
  - staff of the Serc
  - Supervisory framework
  - Technical assistance.
  - World Bank staff

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## Content in this bundle

- **Tarea2026062**
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_Source: https://www.imf.org/en/publications/technical-assistance-reports/issues/2026/08/07/cambodia-technical-assistance-report-risk-based-supervision-in-capital-markets-578584_