KUWAIT: The Kuwait Capital Markets Academy (KCMA) signed a memorandum of understanding (MoU) on Monday with Harvard University’s International Financial Systems Program (IFSP) to strengthen the skills and efficiency of capital market participants in Kuwait. In a press statement, the Capital Markets Authority (CMA) said the agreement reflects its commitment to elevating the academy to the level of leading international financial institutions through enhanced training and research cooperation with top global universities. The initiative aims to qualify and develop national cadres working in the financial sector by offering specialized programs that build investment and financial management expertise.
The CMA noted that these programs will draw upon the latest global research and best practices adopted by similar academies worldwide. It also reiterated its keenness to partner with prominent educational institutions to deliver advanced, specialized training programs that align with its vision of developing national human resources. As part of the cooperation, a series of executive education programs will be launched targeting professionals in financial and regulatory institutions. These programs will focus on strengthening the skills of financial sector personnel and enhancing their understanding of the global financial system.
The MoU was signed by KCMA Director General Abdulaziz Al-Bader and Harvard University Executive Director John Gulliver. The CMA explained that the International Financial Systems Program, supported by Harvard University, works in coordination with the University’s Executive Education Department to launch specialized training initiatives for decision-makers and regulatory authorities in financial markets. The goal is to reinforce effective financial regulation and build a robust global financial system capable of meeting 21st-century challenges.
Established under CMA Resolution No 5 of 2021, the Kuwait Capital Markets Academy serves as a specialized educational and training institution in the field of securities and capital markets. It provides academic, training, and awareness programs aimed at enhancing financial literacy, advancing securities market activities, and supporting the growth of Kuwait’s knowledge-based economy. — KUNA
