"The services of TMDS will provide our clients a greatly added-value service by giving them a comprehensive outlook of the global securities markets
," said Hany Samir, the Head of Custody and Co-Head of Securities & Funds Administration Services at NBAD.
Recommendations of the task force on the rules of registration, listing and transparency and recommendations of the task force on IPOs and subscription of shares on securities markets
and unified rule for listing of securities were also discussed.
The meeting was part of the efforts aimed at achieving better integration of the GCC securities markets
, unified market policies and regulations in implementation of the GCC ministerial resolution issued during the recent GCC foreign ministers council meeting which was held in Jeddah last May.
In the securities markets
, each clearinghouse for corporate and municipal securities has established a payment netting scheme with its associated depository, and several organizations are discussing ways to share (and thereby reduce the need for) collateral.
The reason is that these managers tend to get caught up in a group consensus on which way the various securities markets
He added, We agreed with securities markets
in Jordan, Lebanon and Tunisia to enter into group negotiations to get the best benefits.
He said the main objective of the agreement is to strive for better protection for investors and to ensure high level of safety on the securities markets
, by ensuring that only competent licensed persons work on the securities markets
, adding that this can be achieved by improving the professional standards of those personnel through sound training and orientation programmes.
With the memory of October 1987 still fresh in our minds, it is important that we stand back and review this process--not only to take stock of what has happened but to understand better the economic causes of the globalization of securities markets
and to identify potential accompanying risks and ways to limit such risks.
Industry insiders say it is better to use the US dollar in trading transactions when corporate bonds are issued for the first time in the Cambodian securities market
Recommendations were developed by the Bank of Russia in respect of the joint-stock companies' activities regulation in terms of information disclosure for the purposes of investors' and shareholders` rights protection, and in respect of carrying out securities market
The report, Cyber Security in Securities Markets
- An International Perspective, provides a review of the different regulatory approaches related to cyber security and the potential tools available to regulators to respond to the cyber risk.
The CBSL commented As a result, the CBSL could now access one of the growing securities markets
in the world, realizing a considerably higher return for the funds invested.