The Securities 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’s 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: “International cooperation and engagement through IOSCO is
critical given the increasingly complex market environment, growing financial
innovation and expanding cross-border activities.”
“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.”
