AECSD & AMEDA Istanbul Summit issues 8 recommendations for market collaboration
The Association of Eurasian Central Securities Depositories (AECSD) and Africa and Middle East Depositories Association (AMEDA) Summit concluded in Istanbul on October 4.
Themed “Building the Future of the Capital Markets in Eurasia, Africa, and the Middle East: The Role of CSDs,” the Summit focused on fostering collaboration and innovation among key market players.
It issued eight recommendations aimed at strengthening cooperation and innovation among markets and participating countries. These recommendations include:
- Promoting integration and cooperation: Enhancing collaboration among central depositories and strengthening partnerships between member countries.
- Leveraging technology: Utilising artificial intelligence (AI) to improve efficiency, streamline processes, and reduce costs.
- Prioritising sustainability: Supporting initiatives that promote sustainability in financial markets.
- Ensuring data security: Protecting data and systems from cyber threats to maintain secure operations.
- Sharing knowledge: Facilitating knowledge sharing through training workshops and promoting the exchange of best practices.
- Staying updated: Keeping abreast of international standards and developments in the central depository field and fostering data security.
The summit, hosted by Merkezi Kayıt Kuruluşu (MKK), the Central Securities Depository of Turkey, aimed to share best practices, explore the evolving landscape of CSDs in the region, and encourage cooperation between AECSD and AMEDA.
Founded in 2005, AMEDA is a non-profit organisation representing Central Securities Depositories and Clearing Houses in Africa and the Middle East. With 40 members from over 30 countries, AMEDA supports mutual cooperation and achieves its objectives through regional and professional initiatives.
