Minister of Finance Anas Al-Saleh encouraged national manpower within the investment community to be "CFA charterholders" in order to help in achieving stability in local markets.
Al-Saleh made this remark, on Tuesday, in his opening speech at the Third Middle East Investment Conference, organized by the Chartered Financial Analysts (CFA) Society.
The Chartered Financial Analyst (CFA) is a program that offers international professional credential by the American-based CFA Institute.
The minister pointed out that obtaining such certification would promote and maintain the highest standards of professional excellence and integrity among the national manpower. It would also enable them to make investment decisions courageously and confidently.
He added that the government has actually taken serious steps in reforming local markets by establishing Capital Markets Authority (CMA) which aims at developing and supervising the activities of capital markets in the State of Kuwait and creating an attractive investment environment that obtains investors' trust.
On his part, CMA Chairman Dr. Nayef Al-Hajraf pointed out that CMA is exerting tremendous efforts in strengthening regulatory frameworks in capital markets in accordance to regulations followed by International Organization of Securities Commissions (IOSCO).
He also added that CMA signed a memorandum of understanding with the Chartered Institute for Securities and Investment (CISI) to provide professional qualifications for those who work in the securities and investment industry.
The CMA strives to build trust in local markets through providing justice and transparency of treatment for all investors, he stressed.
CFA Society Kuwait is an association of local investment professionals, consisting of portfolio managers, security analysts, investment advisors and other financial practitioners, that has served CFA charterholders and CFA Program candidates locally since 2008.
Source: KUNA