The International Organisation of Securities Commissions (IOSCO) has suggested that emerging markets look at Malaysia’s capital market framework to build resilience

February 26, 2014 Leave a comment

‘Malaysia great template for emerging marts to copy’

By Roziana Hamsawi

Published: 2014/02/22

KUALA LUMPUR: The International Organisation of Securities Commissions (IOSCO) has suggested that emerging markets look at Malaysia’s capital market framework to build resilience.
Lauding Malaysia’s focus in ensuring strong investor protection, proper governance and market conduct, IOSCO Board chairman Greg Medcraft said: “Malaysia is a great template for emerging markets to copy.”
Medcraft, who is chairman of the Australian Securities and Investments Commission, said if IOSCO needs to have a hub for the Asean region, Malaysia would get his full support.
He was speaking on the last day of the IOSCO Board meeting, here, yesterday. 

Also present was Securities Commission Malaysia chairman Datuk Ranjit Ajit Singh.
The IOSCO Board met here the past week to discuss, among others, the need for regulators, especially in emerging markets, to build resilient capital markets to withstand volatility in global markets.
“This meeting reinforced IOSCO’s role as the key global reference point for securities regulators, industry and policymakers in supporting the accelerating importance of market-based finance,” said Medcraft.
Commenting on the outflow of funds from the emerging markets of late, he said long-term capital inflows into the region have always been strong and “only now it is a bit disrupted by the short-term outflows”.
He said long-term investors look at the fundamentals of the country they are investing in and if the fundamentals are good, any short-term outflows should not be a major concern.
Meanwhile, Ranjit, who is the board’s vice-chair, said the IOSCO Board meeting has shown that key global stakeholders have positive views on the overall outlook for emerging markets.

 

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Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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