The Securities and Futures Commission (SFC) recently participated in a series of dialogues under the International Organisation of Securities Commissions (IOSCO) Asia-Pacific Regional Committee (APRC).
Chaired by Ms. Julia Leung, Chief Executive Officer of the SFC, the IOSCO Asia-Pacific Regional Committee (APRC) convened in Vietnam from 19 to 21 February 2025 for a three-day meeting to strengthen regional collaboration on shared priorities.
Members committed to a coordinated approach to combat scams and online harm, while exchanging insights and strategies for detecting and investigating investment fraud. The committee also explored leveraging technology’s transformative potential to address emerging challenges in the financial landscape.
The Vietnam State Securities Commission hosted these events in Da Nang, bringing together over 70 regulators from 19 jurisdictions across the region. The gatherings served as a platform to address key challenges in capital markets and build consensus on future strategies to tackle a wide range of issues.
Senior executives from the SFC took part in the APRC Enforcement Directors’ Meeting and Supervisory Directors’ Meeting, engaging in discussions and exchanging insights on a wide range of key topics.
These included enforcement priorities and emerging trends, the integration of technology in regulatory duties, the growing adoption of generative artificial intelligence within the financial sector, and supervisory strategies for safeguarding virtual assets.
Ms Leung expressed her appreciation for the State Securities Commission of Vietnam (SSC joining as the 14th and newest signatory to the APRC Multilateral Memorandum of Understanding for Supervisory Cooperation (SMMoU).
The signing ceremony was witnessed by Vietnam’s Minister of Finance, Mr. Nguyen Van Thang. Ms. Julia Leung, Chief Executive Officer of the SFC, said,
“The APRC provides an effective platform for securities regulators across the region to build consensus and collaborate on cross-border issues, which is essential to instil global trust in Asia-Pacific’s growing capital markets.”
The SFC reaffirmed its commitment to advancing robust cross-border regulatory practices while ensuring the global financial ecosystem remains resilient amidst ongoing technological and structural changes.
These discussions demonstrated the collective determination of Asia-Pacific regulators to stay ahead of emerging challenges, underscoring the vital role of initiatives like the IOSCO APRC in achieving sustainable progress.
Source of image: Edited from Freepik