THE Asean Working Committee on Capital Market Development (WC-CMD) held a virtual handover ceremony last August 11 that was organized by the previous co-chairs, Indonesia's Ministry of Finance Indonesia and the Securities and Exchange Commission of Myanmar. It was attended by prominent committee members, including the Securities Commission of Malaysia and the Monetary Authority of Singapore, in their respective capacities as chairs of the working groups on infrastructure finance and sustainable finance and the Sustainable Finance Institute Asia as a constant Asean partner in matters pertaining to sustainable finance initiatives in the region.
As a quick background, the WC-CMD was established in 2003 as part of Asean's Roadmap for Monetary and Financial Integration. It monitors initiatives and progress toward building capacity and laying the infrastructure for the development of Asean capital markets, with a long-term goal of achieving cross-border collaboration among various member states and a more integrated regional capital market.
Continue reading with one of these options:
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)