The corporate regulator held a Derivative Market Oversight and Regulatory Scheme Training from Aug. 12 to 16 in partnership with the US Commodity Futures Trading Commission (CFTC) and the Asian Development Bank (ADB).
This comes ahead of plans to introduce derivatives trading in 2025.
Derivatives are financial instruments whose value depends on underlying assets, like commodities or indices. Examples include futures, options, warrants, and credit default swaps.
“Developments in the derivatives market as a whole have contributed to more complete financial markets, improved market liquidity, and increased the capacity of the financial system to price and bear risk effectively– ultimately, ushering in stronger economic growth over time,” SEC Commissioner McJill Bryant T. Fernandez said in a statement.
The workshop, led by CFTC Deputy Director Kevin C. Piccoli, focused on key aspects of derivatives, including legal frameworks, investor protection, contract design, and transaction clearing. The goal was to engage SEC personnel and industry stakeholders in discussions about establishing a domestic derivatives market.
Participants included representatives from government agencies, private sector entities, and academic institutions, such as the Philippine Stock Exchange, Bangko Sentral ng Pilipinas, and the Department of Energy.
