Ratings beat the US, UK
KUALA LUMPUR: The Malaysian capital market scored highly in an international assessment recently, even bettering the US, the UK, Australia and Japan.
Its capital market regulatory framework, as evaluated by International Monetary Fund and World Bank, scored 92 per cent, with ratings "fully implemented" for 34 out of 37 principles of the International Organisation of Securities Commissions that were assessed.
The US scored 55 per cent, the UK and Australia 64 per cent and Japan 59 per cent.
"We wanted to validate our efforts undertaken over the years and that our capital market was appropriately benchmarked against international standards," said Securities Commission chairman Datuk Ranjit Ajit Singh.
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