Kuala Lumpur, 18 May 2012

SC Chairman elected to leadership role in global securities regulatory body

Datuk Ranjit Ajit Singh, Chairman of the Securities Commission Malaysia (SC), has been elected as a member of the Board of the International Organization of Securities Commissions (IOSCO), the governing body of IOSCO responsible for leading the direction and process of standard-setting and decision-making on policy issues affecting global capital markets. He has also been appointed the Vice-Chairman of the Emerging Markets Committee (EMC), comprising 86 jurisdictions, at its 37th Annual Meetings and Conference in Beijing, China.

Datuk Ranjit, in his remarks made at the Opening Session of the Annual Conference, said that “global securities regulators must address key issues affecting capital markets with a view to ensuring that we achieve the appropriate balance to ensure growth of our capital markets in an environment of stability and market integrity”. The Annual Conference and meetings was attended by, among others, the Governor of the People’s Bank of China, the Chairman of the China Securities and Regulatory Commission and Chairs of global securities regulators.

“Malaysia’s part in shaping the international financial architecture is a critical one and imperative to the positioning of Malaysia’s capital market as a leading capital market centre, including in the area of Islamic Finance,” said Datuk Ranjit.

It was also agreed for the SC to host a Roundtable on Islamic capital markets between IOSCO and the Islamic Financial Services Board (IFSB) in Kuala Lumpur in September 2012.

IOSCO is the world’s most important forum for securities regulators and its members regulate more than 90 percent of the world’s securities markets. As the leading international policy forum and standard-setter for securities regulation, IOSCO plays a key role in setting international standards for securities regulation, identifying issues affecting global markets, and implementing policies to meet those challenges.