Boursa Kuwait Participates in the 43rd International Organization of Securities Commissions Conference in Budapest
Press release
The International Organization of Securities Commissions (IOSCO) is the international body that brings together the world's securities regulators and is recognized as the global standard setter for the securities sector.
Boursa Kuwait participated in the 43rd Annual International Organization of Securities Commissions (IOSCO) Conference in Budapest, Hungary, as an affiliate member. During the trip, Boursa Kuwait also took the initiative to meet with several international exchanges.
Many securities regulators and capital market experts have participated in the 2018 IOSCO Annual Conference, which was hosted by the Magyar Nemzeti Bank (MNB) between 7 and 11 May 2018, for a chance to establish new contacts and contribute to the lively discussions on the most relevant capital market related issues. The conference was the first to be hosted by an IOSCO Member from the Central and Eastern European region.
The International Organization of Securities Commissions (IOSCO) is the international body that brings together the world's securities regulators and is recognized as the global standard setter for the securities sector. IOSCO develops, implements and promotes adherence to internationally recognized standards for securities regulation. It works intensively with the G20 and the Financial Stability Board (FSB) on the global regulatory reform agenda.
“Participation in the 43rd Annual IOSCO Conference in Budapest goes a long way to establishing Boursa Kuwait as a leading player in the securities exchanges sector. It is imperative that we attend such conferences to better understand the market and cement our status as a leading, world renowned exchange,” Boursa Kuwait CEO Khaled Abdulrazzaq AlKhaled said.
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Background Information
Boursa Kuwait
Boursa Kuwait was founded on April 21st, 2014 by the Capital Markets Authority Commissioners’ Council Resolution No. 37/2013 dated 20th November, 2013 and the Capital Markets Authority Law No. 7/2010. In addition to being primarily responsible for regulating all aspects of the Kuwaiti capital market, the Capital Markets Authority also has full ownership of Boursa Kuwait, which manages the exchange operations. Boursa Kuwait is responsible for introducing new trading rules, risk management practices, price discovery mechanisms and new technology to ensure that Boursa Kuwait is as robust and secure as possible. The establishment of Boursa Kuwait marked the first step in privatizing the Kuwaiti Stock Exchange, which was founded in 1983.
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