Securities Commission Malaysia restructures digital strategy and innovation unit

Saudi finance ministry warns against cryptocurrencies

Securities Commission Malaysia (SC) has embarked on a reorganization, bringing its Technology Department and People and Organization Development Department under the ambit of the Corporate Resources business group which will be led by Deputy Chief Executive Zainal Izlan Zainal Abidin who will have direct oversight over supervision and surveillance functions in addition to the new enlarged business group.

“To foster greater financial innovation through the use of technology, the restructured Digital Strategy and Innovation business group will consolidate the SC’s efforts in promoting innovative market-based financing models and monitoring the evolving cyber risk landscape,” the regulator said.

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