CMA forges new path to development

KUWAIT, March 26 (KUNA) -- The Capital Markets Authority (CMA) is concocting a strategy that will transcend conventional tasks associated with inspection apparatuses in the capital market, CMA Chairman Nayef Al-Hajraf said on Sunday.
In a speech to open CMA's second conference on capital development in Kuwait, Al-Hajraf said that the authority aims to boost financial knowledge, especially in educational realms.
On the plan, the CMA Chairman said that the goal is to further develop national cadres to meet the growing needs of the job market, adding that the government and private sectors are collaborating to achieve that strategy.
Speaking on the conference, Al-Hajraf said that it comprises three sessions that will examine how far progress has come in CMA's efforts to adhere to international standards.
Moreover, he said that last year witnessed Kuwait Stock Exchange's monumental foray into the private sector, citing a raft of government measures to establish credibility in the capital market.
The CMA Chairman also pointed out that the sessions will tackle issues that run the gamut from new investment tools and ways to develop the capital market to incorporating electronic systems into the works of CMA.
Since its inception in 2010, CMA works to supervise capital market activity in Kuwait and create an environment conducive to investment. (end) fh.nam