The Securities and Exchange Commission (SEC) has expressed its readiness to collaborate with the Risk Management Association of Nigeria (RIMAN) in its quest to deepen the Nigerian capital market.
The Director-General, SEC, Mr Lamido Yuguda, said the commission had worked with capital market operators and other industry stakeholders to support the emergence of various technological driven innovations around market operations and products including fintech, digital assets and crowdfunding.
He spoke during RIMAN’s 20th international conference, according to a statement on Thursday.
He said: “To support this, we developed a regulatory framework to galvanise these activities while focusing on managing the risk inherent in the products and activities in line with our mandate of market development and investor protection.
“In supporting these innovations, we hope to build a better market, attract more investors, and reduce the demographic of the average age that presently invests in our market. We also hope to include millions who were excluded from the capital market by making it easier for them to gain access.
Addressing the association, Yuguda said: “To achieve this, there is a need to collaborate with an organisation such as yours and we hereby invite you to contribute in whatever way you can in building the Nigerian capital market.
“We invite you to do more in building the risk management capacity in the capital market, to conduct studies in risk capital market processes and products ad contribute your opinions and recommendations to our exposed rules.”