Efficient internal engagements serve as the foundation for building alignment, fostering collaboration, and driving the SC’s collective aspiration to develop and regulate the capital market. In a dynamic environment, where strategic priorities continuously evolve, these engagements ensure that every individual within the organisation remains connected to the bigger picture. By encouraging open communication and shared ownership of goals, the SC nurtures a cohesive and high-performing workforce, enabling the organisation to respond effectively to challenges, create lasting value, and deliver on its mission with clarity and purpose.
Business Planning – Townhall and Management Meeting
Building on the three-year Business Plan 2023-2025, a townhall session was held on 7 February 2024, where the SC management provided staff with key updates on enterprise developments for the year. This included the 2024 Business Plan and Corporate Scorecard, which outline the SC’s regulatory and developmental priorities in alignment with national agendas. Additionally, the Townhall introduced important enterprise-wide initiatives such as the SC’s Organisational Anti-Corruption Plan (OACP), the Sustainability First Initiative (SFI), and the Technology and Analytics Masterplan (TAAM), alongside key human resource updates.
Advancing SC DNA Values and Practices
The SC DNA, introduced in March 2023 with six dimensions serves as the backbone for the SC’s values and form a powerful foundation in embodying the values of a model regulator and in delivering excellence in all aspects of our work. In 2024, various interventions were curated to internalise these values across the organisation. These interventions brought together the cross–section of the SC population via physical and virtual activities and emphasised specific touchpoints.
In cultivating a dynamic environment and in building inclusivity the interventions also strengthened the inter-department network and fostered comradeships between staff members. Individuals who stood out as the most active participants via the trackable touchpoints were Moses Cheng Qing Wong (Analytics), Nur Atiqah Mohamad Tajuddin (Risk Management) and Siti Nur Aina Md Hussin (Corporate Surveillance).
Moving forward, the dimensions of the SC DNA has been aligned to be part of the Leadership competencies across the SC.
Mitigating Systemic Risks And Promoting Financial Stability
Enhanced Risk Governance Framework
In 2021, the SC-wide risk governance framework was enhanced as part of an overall initiative to have an effective integrated and predictive risk surveillance to maintain regulatory agility.
The structured risk governance framework integrated the wider spectrum of risks such as technology, cyber and conduct risk at the SC’s Systemic Risk Oversight Committee (SROC) and Accounting, Market and Corporate Surveillance Committee (ACMS).
Intensified surveillance
The SC continued to intensify its surveillance of systemic risk to maintain market resilience and stability. Regular SROC engagements were held to deliberate concerns emanating from various segments across the capital market. Domestic equity and bond market, foreign fund flows and trade participation continued to be monitored closely for potential stress points.
In addition, measures and economic stimulus packages introduced by the government to weather the impact of COVID-19, market trading conduct and the financial position of listed companies were among the focus areas for discussion.
Thematic assessments
The SC also conducted thematic assessments covering investors’ fund flows, the position of firms, and policy decisions to ascertain the possible impact on the capital market. In 2021, the SC reviewed and enhanced its crisis indicators on potential emerging risks in the
capital market.
The enhanced crisis indicators provided a reference point for escalation to SROC when the identified indicators and triggers materialised and ensured prompt response to manage and prevent any issues of concern that might lead to a systemic crisis.
Joint regulatory discussions
In 2021, the SC conducted frequent joint regulatory discussions with other authorities such as Bank Negara Malaysia (BNM) and Labuan Financial Services Authority (Labuan FSA) to identify systemic risk concern areas within the financial and capital markets in Malaysia.
Monitoring of various components of the capital market
The SC continued its efforts to undertake a methodological and integrated approach to ensure any potential systemic risk was being monitored, mitigated, or managed. Figure 1 highlights the findings from the following risk assessments on the various components of the capital market.
