ANTD.VN - The Asia-Pacific Regional Subcommittee (APRC) Conference of the International Organization of Securities Commissions (IOSCO) in 2025 took place on February 19, 2025, in Quang Nam.
Mr. Bui Hoang Hai - Vice Chairman of the Vietnam Securities Commission (SSC) chaired the opening and conducted the professional meeting on inspection and enforcement in the stock market.
Attending the meetings were Mr. Rodrigo Buenaventura - Secretary General of IOSCO and experts from regulatory agencies of member countries, observers of APRC - IOSCO.
Speaking at the opening of the meeting, Vice Chairman of the State Securities Commission Bui Hoang Hai said that protecting investors and ensuring effective market operations against cyber threats has become a top priority for IOSCO and the Asia-Pacific Regional Committee (APRC).
IOSCO has actively cooperated with organizations such as the Bank for International Settlements (BIS), the Financial Stability Board (FSB) and the Committee on Payments and Market Infrastructures (CPMI) to issue warnings, conduct research, publish reports and establish task forces to address important issues that may impact financial and securities markets.
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Leaders of securities regulatory agencies share experiences in market supervision |
According to Vice President Bui Hoang Hai, under the impact of science and technology, the regional and global financial markets are witnessing a strong transformation. However, technological advances also pose unprecedented risks and challenges to the financial markets.
The rapid development of the Internet, new financial instruments, virtual assets, cryptocurrencies and social networking platforms has made it easy and quick for financial criminals to reach a large number of investors to commit crimes.
Economic crimes, from fraud and asset misappropriation to market manipulation and money laundering, are becoming more widespread and serious, impacting financial markets worldwide.
Vice Chairman Bui Hoang Hai said that technological advances are accelerating the integration of national markets into the global financial system. Regulators must adapt, use new tools, monitor methods and have a different mindset to achieve their goals. Instant, cross-border and anonymous transactions are becoming common.
“Enhancing real-time information sharing and cross-border cooperation in supervision and enforcement is very important in addition to harmonizing regulatory standards,” the Vice Chairman of the SSC emphasized.
At the technical session on securities market inspection and enforcement, experts discussed regional approaches to technology-based cooperation and contributions to global anti-fraud initiatives, the application of technology in enforcement, shared regional enforcement priorities and trends, and discussed gaps, challenges, and potential improvements in the legal framework for inspection and enforcement.
At the same time, the meeting of managers on stock market supervision chaired by Mr. Vu Chi Dung - Director of the Department of International Cooperation, State Securities Commission also received attention and discussion from members.
The members shared a lot of experiences on monitoring methods for Virtual Asset Secure Storage - VSAP (on-site inspection and off-site monitoring of VASPs) as well as identified security issues and best practices for VASPs, shared experiences and methods of applying information technology to serve monitoring activities.
Source: https://www.anninhthudo.vn/chia-se-kinh-nghiem-giam-sat-thanh-tra-cuong-che-thuc-thi-tren-thi-truong-chung-khoan-post603941.antd
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