Written by Chong Jin Hun
Monday, 09 November 2009 14:16
KUALA LUMPUR : Malaysia's Securities Commission (SC) is pursuing more strategic collaborations with global capital market regulators to expand the market base for local Islamic finance products.
SC chairman Tan Sri Zarinah Anwar said talks on potential mutual recognition agreements (MRA) with policymakers of major international financial hubs were on-going to enable Islamic financial services providers to cross sell their products with minimal regulatory intervention.
" We are in fact discussing with other jurisdictions to sign similar arrangements with them but this is still work in progress," Zarinah said on Monday, Nov 9.
"As regulators, we can only build the regulatory brdge between our two markets. The onus is now on our intermediaries to quickly seize the opportunities that have now been made available to them," added Zarinah.
She was speaking to reporters after signing a mutual recognition agreement with the Securities and Futures Commisssion of Hong Kong (SFC).
About Me
- Nuang
- Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;
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