Regional Regulators Bolster Cross-Border Cooperation in Market Surveillance

6 September 2013 | Kuala Lumpur

Regulators from the Asia-Pacific region came together to bolster cross-border cooperation in market surveillance at the ‘Market Integrity Forum’ and a closed-door ‘Regional Regulators Dialogue on Market Surveillance’, jointly hosted by the Securities Commission Malaysia (SC) and the Australian Securities and Investments Commission (ASIC) in Kuala Lumpur recently.

Senior regulators from Australia, Japan, Hong Kong, India, Singapore, Thailand and Malaysia discussed common challenges that undermine market integrity, brought about by rapid advancements in technological and financial innovation, as well as the need to fortify inter-jurisdictional regulatory cooperation cross-border surveillance matters.

Advancements in trading technology has intensified the need for greater cross-border cooperation and collaboration among regional regulators, said Dato Dr Nik Ramlah Mahmood, SC’s Deputy Chief Executive, in her opening address to over 150 industry players and regional regulators.

“The dialogue represents a timely platform for regulators across the Asia-Pacific region to discuss issues related to market integrity which are intended to facilitate us in achieving our common goals of fair and efficient capital markets, backed by strong and sustainable growth in our respective countries”, she added.

Key speakers include Greg Yanco, Senior Executive Leader of ASIC; Dato’ Charon Wardini bin Mokhzani, CEO of CIMB Investment Bank; Sean McHugh, Head of Compliance of Goldman Sachs; and Abhishek Mohla, Executive Director of UBS Investment Bank.

SECURITIES COMMISSION MALAYSIA