Asean capital markets prioritise sustainable network
published : 16 Dec 2020 at 04:00
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Asean Capital Markets Forum (ACMF) is prioritising transparency, regulatory harmonisation and capital building for its next five-year action plan, aiming to sustainably grow regional capital markets and support environmental, social and governance (ESG) transactions.
Ruenvadee Suwanmongkol, secretary-general of Thailand s Securities and Exchange Commission (SEC), attended the 33rd ACMF Chairs Meeting virtually yesterday to endorse five key priorities for ACMF s 2021-25 action plan.
The plan s five priorities comprise improving levels of transparency and disclosure, continuing regulatory harmonisation, intensifying capacity building, amplifying communication and awareness, and strengthening cooperation and coordination.
The meeting also welcomed the provision of technical assistance from the Asian Development Bank (ADB) to engage the climate bonds initiative, sup
Embracing sustainable finance efforts
Embracing sustainable finance efforts - illustration photo
Vietnam is implementing a National Strategy for Green Growth and a National Green Growth Action Plan; with both initiatives backed by the financial sectorâs action plan to implement the national strategy for green growth.
In Singapore, the Monetary Authority of Singapore announced a Green Finance Action Plan in November 2019 to make green finance a defining feature of the financial sector.
In Brunei, the government issued its Blueprint 2016-2025, with the goal of developing Islamic fund management credentials and promoting investment along the sustainable, responsible, and impact criteria.
The Securities and Exchange Commission in Thailand established a committee and a working group relating to sustainable finance in 2019 to engage representatives from various stakeholders, including the Stock Exchange of Thailand, government agencies, and industry associations.
ASEAN Capital Markets Forum set key priorities for next five-year action plan 13:06 | 12/12/2020
ASEAN Capital Markets Forum has drawn up the roadmap for the next five years of cooperation
These key priorities are (i) driving higher levels of transparency and disclosure; (ii) continuing with regulatory harmonisation; (iii) intensifying capacity building; (iv) amplifying communication and awareness; and (v) strengthening cooperation and coordination. The meeting also acknowledged the progress of ACMF working groups on implementation of the six short-to-medium term focus areas identified in the Roadmap for ASEAN Sustainable Capital Markets.
The meeting also accepted the provision of technical assistance from the Asian Development Bank (ADB) to engage the Climate Bonds Initiative to support the ACMFâs implementation of the roadmap focusing on sustainable finance initiatives. Under the theme of sustainable finance, the ACMF will explore an ASE