IOSCO establish Asia Pacific hub
23 February 2016 Kuala Lumpur
Image: Shutterstock
The first regional office of the International Organisation of Securities Commissions (IOSCO) is set to open in Kuala Lumpur, Malaysia.
The new office, which is expected to open by the end of 2016, will serve as an Asia Pacific hub and be the international market regulator’s only bricks-and-mortar presence outside of its headquarters in Madrid.
The hub will facilitate cross-border regulatory cooperation and contribute to the development of the region’s capital markets through its initiatives, according to IOSCO.
IOSCO, as the global body of capital market regulators, has a hand in the regulation of more than 95 percent of the world’s capital markets worth approximately $140 trillion, in more than 115 jurisdictions.
Dato’ Seri Ranjit Ajit Singh, chairman of Securities Commission Malaysia and vice chairman of IOSCO’s board and chairman of its growth and emerging markets committee, said: “The decision by IOSCO is an important milestone in the history of the organisation in setting up its first ever regional location.”
“Capital markets globally have now become a key driver of economic growth and financing, and the Asia-Pacific region has some of the world’s most significant economies and capital markets.”
“The selection of Malaysia clearly demonstrates international recognition of Malaysia’s efforts towards building a high quality and well-regulated capital market and the role of the country in the region.”
The new office, which is expected to open by the end of 2016, will serve as an Asia Pacific hub and be the international market regulator’s only bricks-and-mortar presence outside of its headquarters in Madrid.
The hub will facilitate cross-border regulatory cooperation and contribute to the development of the region’s capital markets through its initiatives, according to IOSCO.
IOSCO, as the global body of capital market regulators, has a hand in the regulation of more than 95 percent of the world’s capital markets worth approximately $140 trillion, in more than 115 jurisdictions.
Dato’ Seri Ranjit Ajit Singh, chairman of Securities Commission Malaysia and vice chairman of IOSCO’s board and chairman of its growth and emerging markets committee, said: “The decision by IOSCO is an important milestone in the history of the organisation in setting up its first ever regional location.”
“Capital markets globally have now become a key driver of economic growth and financing, and the Asia-Pacific region has some of the world’s most significant economies and capital markets.”
“The selection of Malaysia clearly demonstrates international recognition of Malaysia’s efforts towards building a high quality and well-regulated capital market and the role of the country in the region.”
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