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CMA says keen to use global financial experts to develop local ones

KUWAIT, April 19 (KUNA) -- The Capital Markets Authority (CMA) asserted keenness to attracting renowned financial experts in supervision and regulation to train and develop local experts working in CMA and Kuwait Stock Exchange (KSE).
In a press statement Saturday, CMA said as part of its efforts to realize that goal, it has organized a workshop, scheduled next Monday, as well as other finance-related activities to develop skills of those working in the field.
The workshop will be held in cooperation with the US Securities and Exchange Commission, and will include lectures by experts from the commission with nearly 100 male and female participants.
The statement noted that the three-day workshop can also be considered a forum to exchange expertise in the field of development and regulation of financial markets, and an opportunity to make the best use of the best international practices in the areas of capital markets, especially to workers who wishes to enhance consolidation of relations between the commission and regulators internationally.
The authority said the workshop will address issues like regulating securities companies, money laundering, disclosure, listing, and investment funds, in addition to financial topics like mergers, acquisitions, brokers and international cooperation in applying development of capital markets.
CMA was created in 2010 to supervise and regulate financial markets through transperancy, fairness, and efficiency.
Established in 1929, the US commission goal aims at protecting investors, maintain fair, orderly, and efficient markets, and facilitate capital formation. (end) mka.mb