Market surveillance is a matter that merits Asia-wide attention at regulator-level, according to the regulators themselves.
Regulators from the Asia-Pacific region convened recently at the Market Integrity Forum in Kuala Lumpur, which included a closed-door, regional regulators’ dialogue.
The session was jointly hosted by the Securities Commission Malaysia and the Australian Securities and Investments Commission.
The closed-door meeting focused on the subject of market surveillance.
Senior regulators from Australia, Japan, Hong Kong, India, Singapore, Thailand and Malaysia discussed the challenges that they share which that undermine market integrity, such as problems caused by rapid advancements in technological and financial innovation.
The discussion identified the need to strengthen inter-jurisdictional regulatory cooperation on cross-border surveillance matters.
“Advancements in trading technology have intensified the need for greater cross-border cooperation and collaboration among regional regulators,” said Dr Nik Ramlah Mahmood, the deputy chief executive of the Malaysian Securities Commission.