SC chairman elected IOSCO GEM vice chair

  • Markets
  • Tuesday, 12 Feb 2019

The Malaysian Venture Capital and Private Equity Development Council (MVCDC) is chaired by the SC chairman Datuk Syed Zaid Albar.

KUALA LUMPUR: Securities Commission chairman Datuk Syed Zaid Albar has been elected vice chair of the International Organisation of Securities Commissions (IOSCO) growth and emerging markets (GEM) committee.

In a statement issued by the SC today, it said the ISOCO GEM Committee's priorities are focused, among others, on policy and development work affecting emerging markets, risks and vulnerabilities assessments, and regulatory capacity building.

The GEM Committee is the largest within IOSCO, representing nearly 80% of the organisation's membership, including 11 of the G20 members.

With the appointment, Syed Zaid will be a member of the IOSCO board, the governing and standard-setting body of IOSCO.

“International cooperation and engagement through IOSCO is critical given the increasingly complex market environment, growing financial innovation and expanding cross-border activities," said Syed Zaid.

“Malaysia’s leadership position at IOSCO strengthens the SC’s commitment to drive the digital finance agenda and augments Malaysia’s position as a regional leader in sustainable finance,” he added.
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