Partnering with peer regulators for mutual benefit will enhance strategic influence

A partnership between Financial Services Commission Mauritius (FSC) and Capital Markets Authority Kenya (CMA) will strengthen the regulatory authorities and improve financial regulation landscape.

The move is expected to increase knowledge and understanding of the laws and regulations in various fields such as financial instruments, market intermediaries, asset management, Fintech and other components of the financial innovation ecosystem. It will also build internal capacity for both regulators through study tours, exchange programmes and secondments.

“We see this as an opportunity to build our internal capacity through exposure for our technical staff to best practises that can support the capital markets in facilitating economic transformation as espoused in the Capital Market Master Plan (2014-2023) which is aligned to Kenya’s Vision 2030 Economic Blueprint,” said CMA CEO Wyckliffe Shamiah.

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