How to build a finance hub: the secret to Malaysia’s success

Author: Gemma Varriale | Published: 24 Sep 2013
  • As the world’s leading Islamic finance hub, Malaysia’s strategy for developing its capital markets offers a valuable case study for securities regulators in other high-growth markets;
  • One key lesson to emerge from Malaysia is the need to establish a regulatory framework that’s capable of adapting to changing market realities;
  • Addressing an industry conference in Luxembourg last week, the chairman of Malaysia’s Securities Commission divided the development of the country’s capital market into three distinct phases;
  • While phase one focused on ensuring the fundamentals were in place, issues such as scale and liquidity came to the fore in phase two;
  • Looking to the future, Malaysia’s regulatory chief singled out the importance of creating a culture of corporate governance.
Malaysia's Capital Market Regulatory Framework


As the global leader in Islamic finance, Malaysia’s strategy for developing its capital markets offers a valuable case study for securities...