APEC FRTI regional seminar on ‘Supervision and Surveillance of Market Intermediaries’
Monday, 30 September 2013 01:10
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The Securities and Exchange Commission of Sri Lanka (SEC) hosted the Asia Pacific Economic Cooperation (APEC) Financial Regulators Training Initiative (FRTI) regional seminar on “Supervision and Surveillance of Market Intermediaries” from 23 to 27 September 2013 at the Cinnamon Grand, Colombo.
The seminar was developed for securities regulators to learn about the latest trends in the supervision of market intermediaries and surveillance of the market and how regulators are making use of technology in carrying out their supervisory activities. SEC Chairman Dr. Nalaka Godahewa delivering the opening remarks said: “It has become critically important today for regulators not only to monitor the developments in technology and market structure but also to continue to assess the impact of these changes on market integrity and efficiency and to address risks which are associated.”
The closing remarks were delivered by SEC Deputy Director General /Officer-in-Charge Dhammika Perera whilst ADB – APEC, FRTI Assistant to the Secretariat Sue Jeffery also addressed the forum.
The Asia Pacific Economic Cooperation (APEC) endorsed the establishment of the Financial Regulators Training Initiative (FRTI) to enhance training efforts for Financial Regulators at national and regional levels.
The Asian Development Bank (ADB) has been acting as the secretariat to the FRTI and financially supporting its training activities with the objectives of strengthening content management of international training programs and developing training programs for junior and mid level supervisors and regulators.
The agenda for the seminar covered a wide range of topics i.e. latest developments in market structure and how to evaluate its impact on regulation, infrastructure framework for a risk based supervision model, surveillance methodology used for debt trading, supervision framework for collective investment schemes etc.
Many local participants as well as regional participants from Hong Kong, Malaysia, Thailand, India, Nepal, Republic of Korea, Fiji, Nigeria, Mauritius, People’s Republic of China and Taipei attended the seminar.
The resource personnel comprised of Korea Capital Market Institute Research Director Inhyung Lee, Financial Supervisory Service, Korea, Private Fund Team, Asset Management Supervision Office Head Jaeheung Park, Korea Exchange Vice President Market Oversight Coordination Sangho Ha, Securities Commission Malaysia Investment Management Supervision Department Deputy General Manager Kaleon Leong Rahan Leong and Australian Securities and Investments Commission Senior Manager, Market and Participant Supervision Bronwyn Hill.
