Second Capital Market Regulators' Forum

The 2nd Central Asia Regional Economic Cooperation (CAREC) Capital Market Regulators’ Forum concluded in Almaty, Kazakhstan, on 1 November 2023. Co-hosted by the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market (ARDFM) and the Asian Development Bank (ADB), this two-day event explored strategies to reshape the financial landscape within the CAREC region. Discussions covered a proposed Roadmap for the Forum, lessons from the Asian Bond Markets Initiative (ABMI), and the role of capital markets in climate finance. The Forum culminated in the announcement of regularization of the Forum and its renaming as the CAREC Regional Capital Markets Development Forum (CMDF), emphasizing its commitment to sustainable financial sector development in the region.

Key Documents
Agenda
List of Participants
Summary of Proceedings

Presentations
Session 1: CAREC Capital Market Landscape and Proposed Roadmap for CMRF</strong

Session 1a – Capital Market Landscape Study – YQ | RUS

Session 1b – Roadmap for Implementing CAREC CMRF – N. Akamatsu | RUS

Session 1c – Consistency of the Agenda and the Roadmap with Outcomes of the 1st CMRF_MJBhatti | RUS

Session 1d – Kazakhstan’s view on the Regional capital market cooperation and the role of CMRF | RUS

Session 2: Lessons from Asian Bond Markets Initiative (ABMI) – Regional Cooperation Development Initiative for Capital Markets Development

Session 2a – CGIF and ASEAN Corporate Bond Markets – D W Rhee | RUS

Session 2b – Lessons from Asian Bond Markets Initiative – S. Yamadera | RUS

Session 3: Innovations in Capital Markets Infrastructure for Effective Regional Cooperation

Session 3a – Latest development in capital markets Fintech in CAREC countries – G Kvirikashvili | RUS

Session 3b – Innovations in Capital Markets Infrastructure for Effective Regional Cooperation Commodity YQ | RUS