SEC Secretary-General Ruenvadee Suwanmongkol gave an opening remarks and co-chaired the 5th EU-Asia Pacific Forum on Financial Regulation with Mr. Ugo Bassi, Director of Financial Markets, DG FISMA, European Commission. The Forum welcomed discussion and sharing of experience among regulators in the European Union, including the European Commission (EC) and the European Securities and Markets Authority (ESMA), and IOSCO APRC members from 19 agencies in 14 countries.

SEC Secretary-General said: “Despite COVID-19, we remain committed to organize the EU-Asia Pacific Forum virtually for the first time in order to have cross-regional discussion that serves the objective of this forum. The uncertainties caused by the pandemic have emphasized the importance of the forum as a venue for gathering and sharing knowledge among the EU and Asia-Pacific authorities. The forum has continued to prove its worth as an exemplary platform for cross-regional discussion and cooperation, especially as we contribute toward achieving resiliency of our financial markets and step forward on the path of greater integration, sustainable growth and inclusivity for all.”

The participants raised and discussed issues of common interest among capital market regulators around the world namely, monetary policy and economic recovery in the post-COVID-19 world, establishment of cooperation among international standard setters for disclosure on sustainable finance, use of technologies and digitalization for development and regulation, advancement of financial technologies, supervision to promote the financial innovation, and emerging and cross-border regulatory development, aiming to further specify more consistent rules and regulations.