Applying technology to protect stock investors

On February 19, 2025, in Quang Nam, Vietnam, the Asia-Pacific Subcommittee (APRC) Conference under the International Organization of Securities Committees (IOSCO) took place, focusing on the issues of supervision, inspection and enforcement in the stock market. The conference was attended by representatives from member management agencies, international experts and APRC - IOSCO observers.

Speaking at the opening of the meeting, Vice Chairman of the State Securities Commission (SSC) Bui Hoang Hai said that protecting investors and ensuring effective market operations against cyber threats has become a top priority for IOSCO and APRC. IOSCO has actively cooperated with organizations such as the International Monetary Fund (BIS), the Financial Stabilization Board (FSB) and the Payment and Market Infrastructure Committee (CPMI) to issue warnings, conduct research, report and establish special forces to address important issues that may impact the financial - securities market.

According to Vice Chairman Bui Hoang Hai, under the impact of science and technology, the regional and global financial markets are witnessing a strong transformation. However, technological advances also pose unprecedented risks and challenges for the financial market. The strong development of the Internet, new financial instruments, virtual assets, cryptocurrencies and social networking platforms has made financial crimes easy and quickly available to the majority of investors to commit crimes. Economic crimes, from fraud and property appropriation to market manipulation and money laundering, are becoming more common and serious, affecting financial markets around the world.

Vice Chairman Bui Hoang Hai said that technological advances are accelerating the integration of national markets into the global financial system. Management agencies must adapt, use new tools, monitor methods and have a changing mindset to achieve their goals. Inmediate, cross-border and anonymous transactions are becoming popular.

Increasing real-time information sharing and cross-border cooperation in supervision and implementation is very important in addition to harmonizing management standards - Vice Chairman of the State Securities Commission emphasized.

At the meeting, experts discussed regional approaches for cooperation on technology platforms and contributions to global anti-fraud initiatives, application of technology in enforcement, sharing priorities and enforcement trends in the region and discussing gaps, challenges and potential improvements in the legal framework for inspection and enforcement.

At the same time, with a professional meeting on enforcement, the meeting of managers on stock market supervision chaired by Mr. Vu Chi Dung - Director of the Department of International Cooperation, UBCKNNN - was also of interest to members and discussed with many rich contents.