Development of Capital Markets

Abstract

This capacity-building seminar entitled Development of Capital Markets was jointly conducted by the ADB Institute and the South East Asian Central Banks (SEACEN) Research and Training Center from 16 to 20 July 2001 in Kuala Lumpur, Malaysia. Altogether 32 officials from 25 government agencies from 19 countries in the region such as ministries of finance, securities commissions, central banks and other financial supervisory authorities attended the seminar. The main objectives of the Seminar are to enhance participants' conceptual understanding and practical skills in capital market development and at the same time to provide a forum for knowledge dissemination, exchange of views and country experiences. It was designed largely to cover key areas such as dealing with analytical framework and challenges for developing infrastructure for capital markets, and formulating policy recommendations for developing capital market in the region. The seminar provided an in-depth knowledge and learning experience for participants to discuss the various conceptual and practical policy issues concerning capital market development, particularly the bond market. Comprehensive presentations on both general and country specific policy issues by eminent resource speakers from the academia, government agencies, multilateral institutions and the private sector provided the knowledge base for the seminar. Participants also presented their country reports and exchanged views through interactive discussions.