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Nepal Securities Board hosts consumer protection Asia Pacific conference on July 2

KATHMANDU: The Securities Board of Nepal (SEBON) is organising a OECD-SEBON conference and roundtable on financial consumer protection and education in Asia Pacific on July 2 and 3.
SEBON is organising the two-day international conference for the first time in Nepal in collaboration with the International Network on Financial Education (INFE), an agency of the Organisation for Economic Cooperation and Development (OECD). Finance Minister Dr. Yuba Raj Khatiwada will inaugurate the conference which will be attended by more than 125 experts and regulator around the world.
“Experts from the countries like the United States of America, South Africa, Australia, Kajakistan, Singapore, Thailand, China, Bhutan and India, representatives from the OECD, Securities Board of India (SEBI), Australian Securities and Investment Commission, Centre for Financial Literacy Singapore and financial sector regulators from the east Asian and South Asian countries, and regional organisations will take part in the event,” said Dr. Rewat Bahadur Karki, Chairman of the board.
Similarly, Nepali representatives from the Ministry of Finance, Nepal Rastra Bank, Insurance Board, Company Registrar’s Office, Nepal Stock Exchange, participants of the securities market, Nepal Bankers’ Association and investors’ forums will attend the conference.
The conference will deliberate on financial education, inclusion and financial consumer protection in financial markets in Nepal and across the region, reducing financial vulnerabilities from childhood and supporting and promoting financial inclusion for ageing population.
Likewise, there will also be discussions on understanding the different needs of rural, remote and urban populations and access to finance and financial education for the small and medium enterprises. SEBON said that the conference and roundtable will be a platform to share and exchange experiences, strategies, technology and challenges faced by the financial sectors.
“We can discuss the challenges of financial literacy in Nepal and identify opportunities and ways to address them. It will increase the exposure of Nepal and may help boost the inflow of foreign investment as the event is being organised in the immediate aftermath of the Nepal Investment Summit,” said Dr. Karki.
According to him, it will send positive message to the international financial community and will also help Nepal in devising effective strategies for the regulation of the markets and increase financial literacy.
SEBON had become the member of INFE from January this year. It is also the member of the International Organisation of Securities Commissions (IOSCO).

Published Date: Sunday, June 30th, 2019 | 06:44 PM

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