Bond and sukuk trustees should concentrate on raising their professional standards and creating better service offerings in order to keep up with the growth of the bonds and sukuk market.
Securities Commission Malaysia’s (SC) chairman Datuk Seri Dr Awang Adek Hussin said this includes leveraging technology to better undertake their role to protect investors’ interests and act as intermediaries between issuers and investors more effectively.
He noted significant changes in the way services are provided are expected with the transformation of technology today, with the underlying goal to enhance transparency and accountability in the provision of cost-effective services for issuers and investors, saving them time and reducing the risk of errors.
“Regtech, or regulatory technology, is becoming increasingly important in the financial industry, particularly among trustees, as they face an increasing number of regulatory requirements and increased investor scrutiny.
The growth, integrity and leadership of our market in the region must be at the heart our commitment and responsibility as key market players and participants, he added.
