KUALA LUMPUR: The Securities Commission (SC) has identified key areas to enable a robust and sustainable capital market in a rapidly changing environment.
Speaking at the annual SC Industry Dialogue, President Datuk Seri Awang Adek Hussin said continued engagement and close collaborations with key stakeholders were crucial for policy formulation and development initiatives, especially at light of the difficult period that the financial markets are going through.
“The consultative approach adopted to engage key stakeholders will undoubtedly serve as an effective platform to catalyze positive change in the capital market ecosystem.
“I am committed to this approach as it will help move initiatives forward in a more transparent and inclusive manner.
“To ensure that our global economy remains robust in the short term and sustainable in the long term, the SC has identified four priorities.
“They kick-start private investment, promote more effective and inclusive mobilization of savings, support a sustainable transition and encourage industry to continue modernizing,” he said in a statement yesterday.
Among the areas discussed in more detail during the dialogue were the need for continuous innovation and digitization across the entire value chain within the capital market; the role of market-based finance, particularly in supporting small and medium enterprises; the desire to expand the supply of financing and sustainable and responsible investments; and expanding the breadth and depth of the Islamic capital market.
“The four priorities to improve the visibility and attractiveness of the Malaysian capital market play a key role in facilitating the nation’s recovery from health and economic challenges.”
The SC’s annual industry dialogue, organized in a series of sessions, involves frank engagement between the SC and various capital market participants and industry associations.