Malaysia's Strong Domestic Liquidity Pool A Buffer To Withstand Volatility -- SC Chairman

KUALA LUMPUR, April 18 (Bernama) -- Malaysia has a strong domestic liquidity pool to allow a strong buffer to be put in place to withstand volatility that many markets face. Securities Commission (SC) Chairman, Ranjit Ajit Singh, said the country has built significant capabilities over the years, including the strength of the stock exchange and market institutions. "The capital markets have remained relatively resilient and continue to be a major source of financing for the economy," he said at the World Federation of Exchanges' (WFE) 33rd Clearing and Derivatives Conference here Monday. He said Malaysia has built a broad and diversified capital market of US$715.54 billion (RM2.82 trillion), or about 2.5 times the size of Malaysia's gross domestic product. "The country has developed the third largest bond market in Asia, the largest unit trust industry in South-East Asia and the globally largest Islamic capital market," he said. Ranjit said Malaysia has also introduced a regulatory framework last year to facilitate funding through crowdfunding platforms. The conference, from April 17-19, 2016, is organised by International Options Market Association. Bursa Malaysia is the host for this year's which brings together global thought leaders for conversations which are timely and important to the capital market industry. --BERNAMA