Regional Financial Integration - South Asian Federation of Exchanges
Transcription
Regional Financial Integration - South Asian Federation of Exchanges
Regional Financial Integration Developing a Harmonized Regulatory Framework for the Capital Markets in Pakistan & South Asia Event Report of 4th Press Briefing held on 21stMarch, 2013 Prepared by South Asian Federation of Exchanges 3/27/2013 Regional Financial Integration Developing a Harmonized Regulatory Framework for the Capital Markets in Pakistan & South Asia 1 TABLE OF CONTENTS Preface ...........................................................................................................................................................................2 Press Briefing .................................................................................................................................................................2 Event images..................................................................................................................................................................3 News Clippings...............................................................................................................................................................5 Marketing Material ......................................................................................................................................................22 1 Regional Financial Integration Developing a Harmonized Regulatory Framework for the Capital Markets in Pakistan & South Asia PREFACE Increased cross border financial activities, trade and economic exchanges are known to create strong intraregional links and an integrated economic region. While in South Asia, efforts have been made to promote intraregional trade, however the intraregional financial integration appears to lag behind due to asymmetric developments in the economic and financial sectors. It is in this context that SAFE applied for USAID's Small Grants and Ambassador's Fund Program (SGAFP) in 2011, to develop standardized market regulations so as to create the necessary environment for an enhanced regional financial integration and achieve convergence across different markets of the Region. Project Objectives: The concept for this project has been developed under the specific needs identified by the South Asian Association for Regional Cooperation (SAARC) Secretariat of facilitating regional financial integration. The objectives of the project are 1. 2. 3. 4. 5. 6. 7. 8. To develop harmonized market regulations for the capital markets; To standardize self-regulatory framework for the management and the operations of the markets in the region; To enhance market integrity and investor confidence; To improve the governance and transparency norms for the listed sector; To facilitate easy capital raising on regional basis and the promotion of cross border listings; To deepen and broaden the region’s securities markets; To assist in, relatively, free movement of capital and portfolio investments; And to promote the greater integration of the South Asian capital and financial markets. PRESS BRIEFING SAFE held its fourth press briefing of its USAID Small Grants Program funded project on developing a regionally st harmonized regulatory framework, on Thursday 21 March, 2013, at LSE auditorium, Lahore Stock Exchange, Lahore Pakistan. The briefing got good quality coverage from prominent media players whereas it was also attended by mainstream print media of Pakistan such as, Business Recorder, Daily Times, The Business and Daily Ausaf etc. The news clippings have been shared with SGAFP team with this communiqué. Mr. Aftab Ahmad Ch., SG SAFE and MD Lahore Stock Exchange (LSE) said that Multiple success stories of cross border linkages of exchanges in European Union (EU), North America and Association of Southeast Asian Nations (ASEAN) have been witnessed and there is a need to increase cross boarder financial activities within the South Asian region to create strong intraregional links and an integrated economic region. SAFE’s prime consultant Mr. Amir Raza Khan, gave an informative presentation on the project progress for the month of March 2013. Main focus of the presentation was to appraise the participants about the consultants’ visits to SAARC countries with the objectives of building relations with the industry working groups; appraising them about SAFE’s project objectives and outcomes; briefing on IOSCO guidelines and getting stakeholders’ feedback on regulations amendments. 2 Regional Financial Integration Developing a Harmonized Regulatory Framework for the Capital Markets in Pakistan & South Asia EVENT IMAGES L-R: Mr. Amir Raza Khan, SAFE’s consultant and Mr. Aftab Ahmad Ch., SG SAFE during the press briefing Media personnel present at the press briefing 3 Regional Financial Integration Developing a Harmonized Regulatory Framework for the Capital Markets in Pakistan & South Asia Media at the press briefing Media at the press briefing 4 Regional Financial Integration Developing a Harmonized Regulatory Framework for the Capital Markets in Pakistan & South Asia NEWS CLIPPINGS Business Recorder Dated Friday, 22nd March, 2013 5 Regional Financial Integration Developing a Harmonized Regulatory Framework for the Capital Markets in Pakistan & South Asia Daily times Dated Friday 22nd March, 2013 6 Regional Financial Integration Developing a Harmonized Regulatory Framework for the Capital Markets in Pakistan & South Asia The Business Dated Friday,22nd March, 2013 7 Regional Financial Integration Developing a Harmonized Regulatory Framework for the Capital Markets in Pakistan & South Asia Daily The Pak Banker Dated Friday, 22nd March, 2013 8 Regional Financial Integration Developing a Harmonized Regulatory Framework for the Capital Markets in Pakistan & South Asia Daily Ausaf Friday 22nd March, 2013 9 Regional Financial Integration Developing a Harmonized Regulatory Framework for the Capital Markets in Pakistan & South Asia Daily Jinnah Friday 22nd March, 2013 10 Regional Financial Integration Developing a Harmonized Regulatory Framework for the Capital Markets in Pakistan & South Asia Daily Khabrain Dated Friday 22nd March, 2013 11 Regional Financial Integration Developing a Harmonized Regulatory Framework for the Capital Markets in Pakistan & South Asia Daily Azkaar Dated Friday 22nd March, 2013 12 Regional Financial Integration Developing a Harmonized Regulatory Framework for the Capital Markets in Pakistan & South Asia Daily Inqilab Dated Friday, 22nd March, 2013 13 Regional Financial Integration Developing a Harmonized Regulatory Framework for the Capital Markets in Pakistan & South Asia Daily Dunya Dated Saturday, 22nd March, 2013 14 Regional Financial Integration Developing a Harmonized Regulatory Framework for the Capital Markets in Pakistan & South Asia Daily C 42 Friday22nd March, 2013 15 Regional Financial Integration Developing a Harmonized Regulatory Framework for the Capital Markets in Pakistan & South Asia Daily Mubaseer Dated Friday 22nd March, 2013 16 Regional Financial Integration Developing a Harmonized Regulatory Framework for the Capital Markets in Pakistan & South Asia Daily NaiBaat Dated Friday 22nd March, 2013 17 Regional Financial Integration Developing a Harmonized Regulatory Framework for the Capital Markets in Pakistan & South Asia Daily Sarzameen Dated Friday 22nd March, 2013 18 Regional Financial Integration Developing a Harmonized Regulatory Framework for the Capital Markets in Pakistan & South Asia Daily Express Dated Friday 22nd March, 2013 19 Regional Financial Integration Developing a Harmonized Regulatory Framework for the Capital Markets in Pakistan & South Asia Daliy Gulf News Dated Friday 22nd March, 2013 20 Regional Financial Integration Developing a Harmonized Regulatory Framework for the Capital Markets in Pakistan & South Asia The Daily Pakistan Dated Friday 22nd March, 2013 21 Regional Financial Integration Developing a Harmonized Regulatory Framework for the Capital Markets in Pakistan & South Asia MARKETING MATERIAL Invitation 22 Regional Financial Integration Developing a Harmonized Regulatory Framework for the Capital Markets in Pakistan & South Asia Pamphlet 23 Regional Financial Integration Developing a Harmonized Regulatory Framework for the Capital Markets in Pakistan & South Asia File Cover Banner 24 Regional Financial Integration Developing a Harmonized Regulatory Framework for the Capital Markets in Pakistan & South Asia Standee 25