New Telegraph

SEC, CRMI Collaborate To Boost Investor Confidence

The Security and Exchange Commission (SEC) and the Chartered Risk Management Institute are set to embark on a strategic collaboration to enhance investor confidence in the nation’s capital markets.

The President of the institute, Dr. Ezekiel Oseni, announced this during a courtesy visit to the Director-General of SEC, Emomotimi Agama, in Abuja recently.

Highlighting the crucial role of effective risk management in boosting investor confidence, Oseni emphasised that robust risk management practices were essential for fostering sound corporate governance and sustainable business growth.

The collaboration between CRMI and SEC will focus on providing capacity-building initiatives to enhance risk management practices within the capital market ecosystem.

Oseni also sought SEC’s support for capacity-building programs and obtaining a new office space, recognising the importance of professional risk managers in addressing market challenges.

“We are here to let him know that we are willing to collaborate with him, and we will provide capacity building and any form of assistance they will need from the institute. “It’s very, very important at this time that Nigeria is looking for investors across the globe.

The commercial banks, they are capitalising. So, we need foreign investors, also the amount of confidence is required. “So, our risk management is very key to instilling confidence in the minds of investors.

So, for us to be able to raise the required fund, for our industry investors need to have confidence in our capital market.“And one of the ways of getting that done is to ensure there’s effective risk management.” he said. He emphasised further that neglecting risk management could prove detrimental to businesses, potentially leading to risky decision-making and adverse outcomes.

However, he expressed optimism that increased awareness and education would lead to broader adoption of risk management practices, even among Small and Medium Sized Enterprises.

Oseni added that the institute was actively championing legislative efforts to institutionalize risk management across all government ministries, departments, and agencies.

The proposed bill aims to mandate the establishment of dedicated risk management departments within MDAs, ensuring that risk considerations are integrated into decision-making processes at all levels of governance.

On his part, Agama assured the institute of the commission’s support and collaboration for the growth of the risk management profession.

He, therefore, stressed the need for effective risk management for managing volatility and speculative practices for economic stability and requested a formal documentation of requests for proper response stating their commitment to responding within 72 hours.

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