The Securities Commission Malaysia (SC) is keen to work with intermediaries and financial technology (fintech) 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.
“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.