SC and Regional Regulators Discuss Risks and Challenges to Capital Markets

02 December 2011 | Kuala Lumpur

Asia-Pacific regulators met in Kuala Lumpur this week and discussed the impact of current international developments in the financial sector on the Asia-Pacific, including the effects of the Euro zone crisis on regional markets. Regulators were aligned on the need to continue to focus on the potential contagion effects and risks that these developments have for the region. Participants also discussed the challenges involved in cross-border enforcement, including the implications of technology-based trading.

These issues were central to discussions at the International Organization of Securities Commission’s (IOSCO) Asia-Pacific Regional Committee (APRC) meeting and a dialogue with industry players on 1 and 2 December 2011 respectively, hosted by the Securities Commission Malaysia (SC).

The APRC meeting, chaired by the Securities and Exchange Board of India, was attended by senior regulators from 17 jurisdictions within the Asia-Pacific region namely Australia, Brunei, China, Chinese Taipei, Hong Kong, India, Indonesia, Japan, Korea, Laos, Malaysia, Maldives, New Zealand, Pakistan, Singapore, Sri Lanka and Thailand.

The dialogue with industry also discussed the drivers and strategies to promote the growth and development of the investment management industry in the Asia-Pacific.

IOSCO is recognised as the leading international policy forum for securities regulators. The organisation’s membership regulates more than 95% of the world’s securities markets in over 100 jurisdictions. As the leading international policy forum for securities regulators, IOSCO plays a key role in setting the international standards for securities regulation, identifying issues affecting global markets, and making recommendations in meeting those challenges.

SECURITIES COMMISSION MALAYSIA