27th November 2024, Kathmandu
Santosh Narayan Shrestha has officially assumed the role of Chairman of the Nepal Securities Board (SEBON). During his inaugural address, he outlined a comprehensive reform agenda aimed at revitalizing Nepal’s capital market.
Santosh Narayan Shrestha’s Vision for Nepal
Prioritizing a New Stock Exchange
One of Shrestha’s primary goals is to expedite the establishment of a new stock exchange. He emphasized that significant progress has already been made on this front and pledged to work closely with the government to ensure its timely implementation.
Streamlining IPO Processes
Addressing the long-standing issue of delayed IPOs, Shrestha assured that future issuances would be conducted promptly. He identified inefficiencies within the process and committed to collaborating with SEBON’s departments to resolve these bottlenecks. Additionally, he vowed to complete pending tasks that had been stalled due to the absence of SEBON leadership.
Building a Stronger SEBON
Shrestha highlighted the importance of a robust SEBON infrastructure. He prioritized the relocation of the board to its own dedicated office building, a move expected to enhance operational efficiency and service delivery to stakeholders.
Expanding the Capital Market’s Reach
With a vision to strengthen Nepal’s economy, Shrestha outlined plans to expand the capital market’s scope. He aims to attract a wider investor base and promote greater financial inclusion.
While emphasizing the importance of investor protection, he assured stakeholders that SEBON would maintain market stability and transparency.
Government Collaboration and Future Outlook
Shrestha underscored the crucial role of government support in achieving the capital market’s long-term objectives. He expressed optimism about the future of Nepal’s securities sector under his leadership, envisioning a dynamic, transparent, and investor-friendly market that contributes significantly to the nation’s economic growth.
For more: Santosh Narayan Shrestha’s Vision for Nepal