Kuala Lumpur, 25 October 2008
SC flagship training programme focuses on strengthening emerging capital markets
A group of senior international financial regulators from 22 emerging economies attended the week-long annual Emerging Markets Programme (EMP) in Kuala Lumpur to share their practical experiences and knowledge of regulatory issues affecting emerging capital markets.
Held from 18 – 24 October 2008, the programme was organised by the Securities Industry Development Corporation (SIDC), the education and training arm of the Securities Commission (SC). The theme for this year’s programme focused on strengthening emerging markets through “Competition, Collaboration and Compliance”.
In her keynote address, SC Chairman Dato’ Zarinah Anwar, who is also the Chairman of SIDC, emphasised the need for regulators to adopt new ways of thinking about competition, collaboration and compliance to prepare them for the challenges ahead.
She identified three key issues for emerging market regulators to consider to further strengthen their markets:
The programme was presented by 23 speakers from 10 countries including regulators from the United Kingdom and the United States of America who made the case for a new set of relationships based on collaborative competition and the right amount of regulation which would enable emerging markets to stabilise and prosper despite the financial storm.
Speakers this year included representatives from the Securities Commission Malaysia, China Securities and Regulatory Commission, Hong Kong Securities and Futures Commission, Monetary Authority of Singapore, Ontario Securities Commission, Securities and Exchange Board of India, Securities and Exchange Commission of Thailand, Singapore Exchange Limited, United States Securities and Exchange Commission, and the United Kingdom Futures and Options Association.
A total of 61 countries from all over the world have taken part in this programme since it first started in 2001.