13 MAY 2013 | KURUMBA MALDIVES
Financial Literacy for Good Governance
13 May | Kurumba Maldives
Bringing together social & financial sector, legislators, intellectuals, business leaders and industry experts to one platform for sharing knowledge and financial insights
Capital Market Development Authority (CMDA)
The Capital Market Development Authority (CMDA) is an independent institution responsible for developing and regulating the capital market and the pension industry in the Maldives. It has statutory powers to license securities market intermediaries including brokers, dealers, investment advisers, asset managers, custodians, credit rating agencies as well as stock exchanges and central depositories. The regulatory powers are derived under the Maldives Securities Act, 2006 and Maldives Pension Act 2009.
Bank of Maldives PLC (BML)
The main business of the Bank is retail banking in addition to handling development banking activities in all the atolls of the Republic, Bank of Maldives PLC extends a variety of modern banking services online in a fully computerized environment and is proud to be serving the nation as the leading bank in the Maldives.
Allied Insurance Company of Maldives Pvt Ltd
In 1985, Allied Insurance Company of the Maldives started off as a joint venture between Union Assurance Company, UK and State Trading Organization (STO), the nationwide leader of all commercial activities in Maldives. In early 1987, STO bought back shares of Union Assurance chartering Allied Insurance to continue doing the business as a subsidiary of the organization.
Today with a local management, the company is one of the largest financial institutes and the most prominent insurance brand contributing to the growth and development of the country. Allied has had tremendous growth over the past decades, both in terms of the volume and business profitability.
Our customers are well spread across the geographical divides of the tiny island nation. From the fisherman who owns small fishing boats to the major resort operators, our clients are varied in their trades and in their size.
Having gathered and recognized the experience of the local market, developing professionalism and expertise in the field, we are poised to play a responsible role in the development of the insurance industry in Maldives and its economy as a whole.
Maldives Monetary Authority (MMA)
The Maldives Monetary Authority (MMA) was established on 1st July 1981, and is endowed with the regular powers and obligations of a central bank under the mandate provided by the MMA Act (1981). To this effect, the MMA issues currency, regulates the availability of the Maldivian rufiyaa and promotes its stability, licenses, supervises and regulates institutions in the financial sector, formulates and implements monetary policy, and advises the Government on issues relating to the economy and financial system in order to foster an environment conducive to the orderly and balanced economic development of the Maldives.
Maldives Broadcasting Corporation (MBC)
Maldives Broadcasting Corporation is the public service broadcaster of Maldives.
The Maldives Finance Forum