The Securities Commission Malaysia (SC) is keen to work with intermediaries and financial technology providers to employ: Essentials of Fintech Assignment, APU, Malaysia

University Asia Pacific University (APU)
Subject Essentials of Fintech

The Securities Commission Malaysia (SC) is keen to work with intermediaries and financial technology providers to employ Regulatory Technology (RegTech) as well as Supervisory Technology (SupTech) tools to enhance the nation’s capital market efficiency.

Chairman Datuk Seri Dr Awang Adek Hussin said Malaysia needs to intensify efforts to ensure sustained economic growth amidst the challenging external environment, hence, he called for greater financing of technology and innovative solutions.

At the same time, he noted that it is paramount to preserve investors’ confidence in online platforms and market access points.

“This digital push cannot be at the expense of market integrity. New innovations and technologies typically disrupt the status quo, but they are important tools for progress.

Are You Searching Answer of this Question? Request Malaysian Writers to Write a plagiarism Free Copy for You.

“With the entry of new players into our capital market and industry, digital adoption is a responsibility that the SC does not take lightly,” he said in his speech at the Securities Industry Development Corporation Business Foresight Forum 2022 today.

Awang Adek said the SC expects the intermediaries to practice high standards of accountability and take appropriate measures to ensure the resilience of their systems.

“Concurrently, the SC will continue to closely monitor market activities and transactions.

“From the reporting and supervisory standpoint, there are many opportunities for increased use of technology,’’ he said.

Given the growing demand for online products and services, progressive early steps have ensured relevant regulations and safeguards, including for the trading of digital assets in Malaysia, he said.

Since 2015, Malaysia has registered 10 equity crowdfunding operators, 11 peer-to-peer financing platforms, four digital asset exchanges, and two initial exchange offering operators to provide a variety of alternative fundraising and investment products.

Get Solution of this Assessment. Hire Experts to solve this assignment for you Before Deadline.

Additionally, Awang Adek noted that a holistic talent pipeline is sorely needed as the domestic capital market also suffers from a shortage of skilled resources.

To this end, he said the SC will introduce a multi-year Capital Market Graduate Programme to enhance the marketability of up to 9,000 young Malaysian graduates within the domestic capital market, as announced in Budget 2023.

“An attractive talent pool will raise awareness of industry career opportunities and strengthen the long-term sustainability of our intermediaries.

“In addition, a structured training program for women talents will be devised with the cooperation of the Ministry of Finance, the SC, and market stakeholders,’’ he said, adding that this will help enhance diversity and inclusiveness at all levels of the organization, including boardrooms.

He also urged boards and management to ‘walk the talk’ by integrating environmental, social, and corporate governance (ESG) practices into all aspects of their business.

Stuck in Completing this Assignment and feeling stressed ? Take our Private Writing Services.

“Failure to do so may impact bottom lines in the short-term, and will ultimately cost the company its long-term sustainability,’’ he warned.

He said the sustainability demands from global business partners, as well as national governments, will only grow stronger, therefore Malaysian companies must take this seriously or risk losing business opportunities.

He added that the capital market stands ready to support the green and sustainable transition, with new product structures and innovations.
In June this year, the SC introduced the Sustainable and Responsible Investment linked Sukuk Framework to facilitate fundraising to address sustainability concerns.

Among other things, the framework is meant to encourage further market innovation to support the transition to a net-zero economy.

‘’This is just one of the efforts by the SC recently. Many more initiatives will be introduced going forward,’’ he added. -Bernama.

Are You Searching Answer of this Question? Request Malaysian Writers to Write a plagiarism Free Copy for You.

Get Help By Expert

Get expert Fintech assignment help for Asia Pacific University (APU) students from Malaysia Assignment Help. Our "Do My Assignment" service offers affordable and reliable solutions tailored to your needs. With a team of skilled professionals, we deliver high-quality assignments on time, ensuring your academic success. Don't stress about your Fintech assignments anymore – rely on us to provide exceptional assistance and achieve excellent grades. Visit our website now for the best assignment support in Malaysia.

Answer

Recent Solved Questions

Online Exam & Assignment Writing Services

11770+ Orders Delivered

4.9/5
5 Star Rating

Confidential & Secure Assignment Help For

Group Assignment Help

Online Exam -Test & Quiz

Cheapest Price Quote

Diploma & Certificate Levels

Semester & FYP Papers

Summative & Individual

GBA & Reflective

Last Minute Assistance

Sample Assignment Download

CSC732 Computer Graphics, Visualisation And Animation Assignment Example Malaysia
This course teaches you how to use computer graphics in order for your designs or artwork to come alive. You'll learn about the most important topics like primitives, viewing objects,…
Computer & It
My Entrepreneurial Story Assignment Sample Malaysia
My entrepreneurial journey began when I was a young adult with the ambition to start my own business. With my innovative ideas and determination, I was determined to make those…
Assignment Sample

UP TO 15 % DISCOUNT

Instant Paper Writing Services by Native Malaysia Writers

Plagiarism Free Solutions
100% Original Work
24*7 Online Assistance
Native PhD Experts
Hire a Writer Now

Get Assistance for Assignments, online Exam, and Projects Writing