Bangkok--15 Feb--SEC
The SEC hosted the first meeting of heads of capital market policy makers and regulators in the Mekong region on February 8, 2013 in Bangkok. This high-level meeting was attended by H.E. Sou Socheat, Deputy Director-General, Securities and Exchange Commission of Cambodia; Mrs. Vathana Dalaloy, Secretary-General, Securities and Exchange Commission Office of Lao PDR; Mrs. Thida Myo Aung, Deputy Director-General, Central Bank of Myanmar; Mr. Nguyen Doan Hung, Vice Chairman, State Securities Commission of Vietnam; and senior executives of the SEC Thailand. This meeting was initiated to serve as a platform for discussion on Mekong capital markets cooperation to further enhance the roles of capital markets in contributing to the growth and the wealth of people in this region.
All members recognized the importance of effective cooperation and agreed to use this multilateral forum to facilitate policy discussion and further develop cross-border assistance. In addition, they agreed to create a regional database containing key capital markets information as a tool for market development and future cross-border collaboration. To mark the new era of the Mekong capital market cooperation, a multilateral Memorandum of Understanding among the group will also be developed.
Besides the discussion among heads and senior management, Dr. Bandid Nijathaworn and Mr. David Grayson were invited as guest speakers. Dr. Bandid, the President and CEO of the Thai Institute of Directors Association, discussed interesting ideas on raising awareness on corporate governance in regional capital markets, while Mr. Grayson, Co-founder & CEO of Auerbach Grayson & Company, a New York based global stockbroker specialized in emerging markets investment, shared insightful thoughts on how the Mekong capital markets could attract more global funds.
SEC Secretary-General Vorapol Socatiyanurak revealed that “I was very pleased with the outcome of this first meeting of heads of capital market policy makers and regulators in the Mekong region. It reflected the shared visions and regional support toward the SEC Thailand’s initiatives in building a network for Mekong capital markets cooperation. I am confident that with active collaboration among Cambodia, Laos, Myanmar, Vietnam and Thailand, our regional capital markets would become the key driver for the Mekong economic development process.”
The next meeting is set for September 2013 with the State Securities Commission of Vietnam as the host.