IOSCO HUB IN KL

It will fos­ter greater con­nec­tiv­ity and in­clu­sive­ness in the re­gion, says SC chair­man

New Straits Times - - News -

LIDIANA ROSLI KUALA LUMPUR lidiana@nst.com.my

THE newly launched In­ter­na­tional Or­gan­i­sa­tion of Se­cu­ri­ties Com­mis­sions (IOSCO) Asia Pa­cific (APAC) hub will be fully op­er­a­tional come mid­dle of the year.

Se­cu­ri­ties Com­mis­sion (SC) Malaysia chair­man Tan Sri Ran­jit Ajit Singh said nu­mer­ous ca­pac­ity build­ing and spe­cific reg­u­la­tory ini­tia­tives would be car­ried out once the hub was fully op­er­a­tional. “Right now, we will fo­cus on get­ting the hub fully op­er­a­tional by the mid­dle of the year. It will op­er­ate on a sec­ond­ment model, so we are an­tic­i­pat­ing many se­nior man­age­ment per­son­nel from around the re­gion to come here,” he said af­ter the of­fi­cial launch of the hub.

“The thing that we will look at are ca­pac­ity build­ing and spe­cific reg­u­la­tory APAC ini­tia­tives cov­er­ing tech­ni­cal as­sis­tance and tar­geted reg­u­la­tory-theme work­shops.

“Some or­gan­i­sa­tions in the re­gion, like Bloomberg, have also shown in­ter­est in col­lab­o­rat­ing with us,” he said.

Ran­jit, who is also the vicechair­man of the IOSCO board and chair­man of Growth and Emerg­ing Mar­kets Com­mit­tee — IOSCO’s largest com­mit­tee — had ear­lier said the cre­ation of IOSCO’s first-ever hub out­side of

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