CMA hosts capital markets’ leadership training programme

Paul Muthaura, Capital Markets Authority Managing Director

The Capital Markets Authority (CMA) has partnered with the Toronto Centre to host a high level regional leadership programme for securities regulators. 

The training programme will be held in Nairobi, December 1-5 2014, and is expected to attract approximately 30 participants from capital market regulators within Africa and the Middle East. 

The CMA Acting Chief Executive, Mr Paul Muthaura, said the decision to host the leadership training programme is underpinned by the desire to facilitate gathering insights, sharing best practice in securities regulations, and discussing cross-cutting/emerging issues among capital market regulators within the continent.

Mr Muthaura observed that with the evolving market environment, changing legal and regulatory framework, increased use of technology, and the development of new products, there is need for building a knowledge and skills base to enable regulators to play their market oversight role more effectively.

‘’The market has changed substantially with the increased use of technology, development of new products, and increase cross-border capital market transactions, which necessitates the need for regulators to work more closely on areas such as information sharing to ensure that market oversight is stepped up to proactively manage any emerging issues in the market place,” disclosed Mr Muthaura.

The CMA Chief Executive added that the training opportunity was critical in enhancing the knowledge and skills for the Authority’s staff in line with the market growth anticipated with the implementation of the Capital Market Master Plan, the ten-year blue print for the Kenyan capital markets industry, and Kenya’s ambition to become a regional and International Financial Centre.