For the members of the Standing Committee for Economic and Commercial Cooperation (COMCEC) of the Organization of Islamic Cooperation (OIC) "COMCEC Capital Markets Regulators Conference and Roundtable" and an "OIC Capital Market Linkages and Technology Panel" is held in Istanbul, The Marmara Taksim Hotel on 16-17 September 2011, which are hosted by the Capital Markets Board of Turkey (CMB) and the Istanbul Stock Exchange (ISE).
The Conference started with the opening speeches of the CMB Chairman A. Vedat AKGİRAY, the ISE Chairman Hüseyin ERKAN and the General Director COMCEC Coordination Office, M. Metin EKER.
The Conference and Roundtable on 16 September 2011 are scheduled to cover the current state of Turkey’s and OIC Member States financial sectors, the impact of post financial crisis on emerging markets and exploring a level playing field for cooperation areas.
The outcome of this meeting is aimed to increase the coordination between COMCEC member states capital market regulatory authorities, strenghten cooperation possibilities both global and regional levels on behalf of the OIC member states and work on establishing a COMCEC Members States Capital Markets Regulators Forum.
In accordance with the resolutions made at the Roundtable, Vedat AKGİRAY is designated as the Chairman of the Forum titled "COMCEC Capital Market Regulators Forum" and the CMB, as being the secretariat of the Forum.
COMCEC is one of the three standing committees of the OIC and monitors the decisions on economic and commercial cooperation by the OIC. COMCEC takes necessary precautions to increase the economic and commercial capacity and strengthens the economic and commercial cooperation between the member countries. In accordance with the calls of the 25th and 26th Sessions of the COMCEC, the issues for establishing a forum for Capital Markets Regulators have been discussed.
Currently at stock exchanges and central banks level, there is OIC Stock Exchange Forum led by the ISE and central bank cooperation by the Central Bank of the Republic of Turkey. Similar cooperation mechanism for capital market regulators is expected to be established under the COMCEC.