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WFE Focus April 2011

Tokyo Stock Exchange Group and IFC sign MOU

The Tokyo Stock Exchange Group and the International Finance Corporation (IFC), a member of the World Bank Group, have signed a Memorandum of Understanding to cooperate in developing capital markets in emerging economies, helping protect investors through better corporate governance, ensure fair markets, and spur economic growth. IFC and TSE Group aim to improve the operation and regulatory framework of these markets by sharing knowledge and expertise in developing information technology infrastructure and implementing corporate governance codes for listed companies.

World Economic Forum’s latest report ranks South Africa first for markets regulation

The latest World Economic Forum Global Competitiveness report ranks South Africa first out of 142 countries for its regulation of securities exchanges. This is the second successive year that South Africa has achieved this ranking. South African standards of corporate governance are highly ranked (the country achieved first place for strength in accounting and auditing standards, as last year, second place for efficacy of corporate boards and third place in protection of minority rights). Other rankings that demonstrate the efficiency of South Africa’s financial markets include: financing through the local equity market at fourth and availability of financial services at third (both from seventh last year).

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