'I strongly believe that vibrant and efficient capital market
is important for resource mobilisation and supporting the economic development of this region,' he said.
Addressing a forum, PM's adviser says capital markets
can play key role in economic growth
can play a key role in financing economic growth through facilitating trade and investment flows," said Dr.
Sanni said there was a clear alignment between the goals of the FIRS and that of the FLTC in collaborating to introduce the capital market
studies into the curriculum of schools.
Ministry of Finance, reforms in taxation policy to provide level playing field to investors of capital market
, re-structuring of policy board of SECP, viable business model for the brokerage industry, requirements of enhancing capital and capacity of brokerage houses and consolidation thereof, availability of derivatives and options products for retail investors, promoting digital environment, pursuing mega technology/telecom companies for listing, easing account opening process through single KYC for banks, AMCs and Brokerage Houses.
She called for strengthening the governance of SECP, ensuring the ministry of finance capacities are developed for offering an effective interface and support for capital market
development, establishment of an all inclusive institutional coordination mechanism among all key regulators and developing a shared vision and a common plan among all stakeholders and market participants of the industry.
SECP underscored their commitment towards development of a modern and efficient capital market
based on fair and transparent regulatory framework which fosters strong culture of compliance and ensures investor protection and mitigation of systemic risks.
The capital market
is one of the most essential indicators in determining an economy's health.
Zebian repeated Kronfol's comments by saying that people in other countries are buying into their infrastructure through capital markets
. "If citizens use their finances to invest in infrastructure through the capital market
, this will increase capitalization and markets will be liquid," he said.
Chapter 13 (Subramaniam and Legal) discusses the savings shortfall in some Asian countries and how this could be addressed with capital markets
. This idea links well with the estimation done in Chapter 14 (Binh and Park) that examines the degree to which merging Asia's currently fragmented markets into a single larger pool would be an efficient course of action.
In a bid to further strengthen the efficiency, transparency and convenience of capital market
operations, the NCS provides an option to Investors to directly settle their trades and transactions with the NCCPL and also maintain the custody of the securities and cash with NCCPL while they can continue to execute trades and transactions in the capital market
with the Trading Right Entitlement Certificate (TREC") Holder(s) of their choice.
The Islamic capital market
has evolved substantially over the past three decades and it has expanded in terms of diversity of stakeholders, infrastructure, products and services, capabilities as well as its geographical reach.