SC Malaysia chair elected to leadership role
12 February 2019 Kuala Lumpur
Image: Shutterstock
The 麻豆传媒 Commission Malaysia (SC) chairman Datuk Syed Zaid Albar has been elected the vice chair of the international organisation of securities commissions (IOSCO) growth and emerging markets (GEM) committee.
As vice chair of the GEM committee, Zaid Albar will be a member of the IOSCO board, the governing and standard-setting body of IOSCO.
He also co-hairs the IOSCO GEM committee working group on sustainability in emerging markets.
According to SC, the IOSCO GEM Committee鈥檚 priorities are focused primarily on policy and development work affecting emerging markets.
Additionally, among others, another area of focus is risk and vulnerabilities assessments and regulatory capacity building.
IOSCO GEM is the largest committee within IOSCO, which represents close to 80 percent of the IOSCO membership, including 11 of the G20 members.
Zaid Albar commented: 鈥淚nternational cooperation and engagement through IOSCO is
critical given the increasingly complex market environment, growing financial
innovation and expanding cross-border activities.鈥�
鈥淢alaysia鈥檚 leadership position at IOSCO strengthens the SC鈥檚 commitment to drive
the digital finance agenda and augments Malaysia鈥檚 position as a regional leader in
sustainable finance.鈥�
As vice chair of the GEM committee, Zaid Albar will be a member of the IOSCO board, the governing and standard-setting body of IOSCO.
He also co-hairs the IOSCO GEM committee working group on sustainability in emerging markets.
According to SC, the IOSCO GEM Committee鈥檚 priorities are focused primarily on policy and development work affecting emerging markets.
Additionally, among others, another area of focus is risk and vulnerabilities assessments and regulatory capacity building.
IOSCO GEM is the largest committee within IOSCO, which represents close to 80 percent of the IOSCO membership, including 11 of the G20 members.
Zaid Albar commented: 鈥淚nternational cooperation and engagement through IOSCO is
critical given the increasingly complex market environment, growing financial
innovation and expanding cross-border activities.鈥�
鈥淢alaysia鈥檚 leadership position at IOSCO strengthens the SC鈥檚 commitment to drive
the digital finance agenda and augments Malaysia鈥檚 position as a regional leader in
sustainable finance.鈥�
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