Financial Outlook of the OIC Member Countries 2017
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The Forum aims at increasing coordination and cooperation in regulatory and legal
infrastructure with a view to achieving more harmonized policies and regulations among the
OIC Member States, supporting market development and reinforcing capabilities of regulatory
authorities. The Forum has held 5 meetings so far.
In line with the relevant resolution of the COMCEC the Forum has been working on ““Real
Estate Securities Exchange Initiative for COMCEC Member States”. Within this framework, the
COMCEC Capital Markets Regulators Forum submitted a report on “Real Estate Securities
Exchange Initiative for COMCEC Member States” to the 32nd Session of the COMCEC. The
Session took note of the Forum’s proposal to establish COMCEC Real Estate electronic platform
among the interested OIC Member States participating in the Forum. The Session also
requested the Forum/ the Forum’s Secretariat to conduct comprehensive studies to identify
necessary stages towards establishing the suggested platform, with the support of the relevant
national authorities and securities exchanges from the volunteering Member States.
Furthermore, the Session invited the interested member states to actively participate in
studies to support the suggested platform by identifying their authorized bodies to expedite
further technical work for establishing the platform. Moreover, recalling the abovementioned
resolution of the 32nd Session of the COMCEC, the 33rd Meeting of the Follow-up Committee
took note of the efforts made towards the Forum’s proposal to establish COMCEC Real Estate
electronic platform among the interested OIC Member States participating in the Forum and
requested the Forum/the Forum’s Secretariat to complete the comprehensive study for
identifying the necessary stages towards establishing the suggested platform, with the support
of the relevant national authorities and securities exchanges from volunteering Member States
and submit a report to the 33rd COMCEC Ministerial Session
The 6th COMCEC Capital Markets Regulators Forum will be held on October 31st, 2017 in
İstanbul.
4.3.3 COOPERATION AMONG THE CENTRAL BANKS AND MONETARY
AUTHORITIES
The 15th meeting of the Central Banks and Monetary Authorities was held on 21-22
September 2017 in Bodrum, Turkey. The Meeting elaborated on how to design appropriate
policies to strengthen resilience and make growth more inclusive over time. In the Meeting,
Central Banks and Monetary Authorities of the OIC member countries agreed to establish two
working groups to prepare technical reports in the following areas: Financial Inclusion and OIC
Economic Outlook.