Securities Commission chairman Datuk Mohammad Faiz Azmi.
PETALING JAYA: Innovation and collaboration is crucial to drive market resilience, according to the Securities Commission (SC).
Chairman Datuk Mohammad Faiz Azmi said vibrant markets thrive by enabling technologies that broaden participation, facilitate seamless access to markets and data, and support new products and services.
“Strong partnerships between regulators and exchanges are key to building fair, efficient and transparent markets capable of adapting to the needs of global market participants,” he said in a statement in conjunction with the SC’s and World Federation of Exchanges’ (WFE) inaugural SC-WFE Dialogue.
The SC-WFE dialogue focused on three pivotal areas: the interplay between private and public markets; the roles of regulators and exchanges in advancing sustainable finance; and the impact of emerging technologies on market structure.
Nandini Sukumar, chief executive officer of the WFE, said: “Exchanges are key to growth, and we share the regulator’s goal of ensuring the safety and soundness of the financial system as the region develops.
“We stand shoulder to shoulder with the SC, and are ready to support them in their endeavours, and applaud them for their pioneering work.”
Nandini noted that collaboration between regulators and exchanges is fundamental to achieving sustainable and inclusive growth.
“Today we have opened a dialogue, and we look forward to continuing to work together as we pursue our common goals.”
The SC-WFE dialogue was attended by over 100 senior regulators and exchange heads to address emerging issues and promote stronger collaboration in global capital markets.
The dialogue opened with a panel on the growing importance of private markets as a source of financing for companies.
It also addressed the need for cohesive strategies that ensure both public and private markets can thrive.
The second panel considered ways to scale sustainable finance, focusing on how regulators and exchanges can lead the charge in creating credible transition pathways of companies.
The final panel explored the new frontiers of technology, and how global exchanges and regulators of the future will look like.
