COMCEC Capital Markets Regulators Conference and Roundtable
Istanbul | 16.09.2011 -
"COMCEC Capital Markets
Regulators Conference and Roundtable" was held in Istanbul,
the Marmara Taksim Hotel on 16-17 September 2011.
(Please refer to the Final Report
of the event at the COMCEC Secretariat website)
The Conference and the Roundtable
constituted as the first gathering of its kind and served as a
platform for exchange of views and experience of the member states'
respective authorities. Following the discussions on current
state of COMCEC member states' capital markets, the effects of
global financial crisis to the emerging markets, Malaysia, Pakistan
and Turkey delegates delivered presentations regarding their
financial markets and regulatory landscapes. Furthermore, the
OECD Corporate Affairs Division has contributed to the event with a
presentation underlining the value of cooperation for
implementation of international standards and best practices for
today's interconnected financial markets.
In accordance with the
25th and 26th COMCEC general session calls
and the discussions made in the Conference and the Roundtable, with
the unanimity of delegates, it is decided to establish the
"COMCEC Capital Market Regulators Forum" for the COMCEC
member countries' capital market regulators. The Forum is designed
to work through four Task Forces titled "Market Development",
"Capacity Building", "Islamic Finance", and "Financial
Literacy". In addition, Mr. Vedat AKGIRAY appointed as
the Chair and the Capital Markets Board of Turkey as the
Secretariat of the Forum.