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Diagram 19
PRIORITISING EFFICIENCY AND OUTCOMES IN THE FACE OF NEW CHALLENGES
Changing demography and market landscape brings new challenges, in particular to investors
Demographic Broader inclusion Growth in changes of Malaysians technology
Growth in complexity of offerings
Evolution in intermediation landscape
adoption
Greater imperative for regulatory efficiency and outcomes
Focus on emerging investor vulnerability, including what they are and how to collectively approach these with the industry
Fit-for-purpose regulatory architecture for effectiveness
of micro and macro prudential supervision and conduct
Supervisory efficiency
to achieve greater effectiveness and proactiveness, amid new developments and greater use of technology
Swift, effective and targeted enforcement to achieve deterrent impact where it matters and with efficient use of resources
Source: SC.
Similarly, in the area of enforcement, regulators are investing in technology and resources to enable more effective intelligence capacity as well as earlier detection of harm, misconduct and breaches before they escalate into adverse consequences. Some regulators are also making strategic changes in how they approach investigations to shorten investigation timeframes, resulting in more effective enforcement outcomes. These include efforts to improve process efficiencies and establish cross-sector collaboration as well as utilise tools such as enforcement undertakings and wells notices. In line with this, the SC’s enforcement approach will be swift, effective and targeted. This will require a shift towards a more focused and outcomes-orientated approach in order to incentivise the right behaviours on the part of market participants.
CAPITAL MARKET MASTERPLAN 3
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