Regional capital markets’ regulators, under the umbrella of East African Securities Regulatory Authorities (EASRA), have agreed to develop and implement a harmonised Risk-Based Supervision (RBS) framework.EASRA chairperson Japheth Katto said the adoption of RBS would enable early identification of emerging risks and providing a consistent framework for risk evaluation to develop sound regional capital markets."The framework to be implemented will include financial resources rules, conduct of business and governance rules and formulation of a standardised risk based capital adequacy reporting mechanism,” Katto said in a statement issued at the conclusion of the 38th EASRA consultative meeting in Nairobi.Additionally, Katto said the regulators will work to harmonise their market infrastructure in preparation for the adoption of RBS regionally.During the meeting, EASRA members noted the progress made by Burundi in establishing a capital market, and committed to offer technical assistance in support of the effort. "Burundi joined EASRA in 2011 with a focus on leveraging existing expertise to fast-track establishment of its domestic capital markets,” he said.  The meeting also discussed the EASRA 2014-2017 Strategic Plan, which will be launched this year.