ISLA hosts first Middle East roundtable
19 December 2017 Abu Dhabi
Image: Shutterstock
The increasing dominance of the region in the global financial market raises the industry interest.
International Securities Lending Association (ISLA) has hosted its first roundtable discussion in the Middle East to discuss topics from regulation reform to new revenue opportunities.
The event was hosted by Andrew Dyson, CEO and Sejal Amin, ISLA’s head of membership and event services in Abu Dhabi on 14 December, who welcomed 40 delegates, mostly from the region.
Delegates from a wide-range of institutions including exchanges, regulators, authorities, sovereign wealth funds, and global investment and custody banks from the region attended the event, where to discuss regulatory reform, cost of capital, revenue opportunities, demand for high-quality liquid assets to different legal constructs such as pledge and central clearing were covered.
Osman Raie, head of equity sales & trading MENA at HSBC Global Banking and Markets, offered a keynote address discussing recent developments across regional markets such as Saudi Arabia, and how the international community is very much focused on how these markets will develop over time.
Amin said: “We were delighted with the response and support to run an event in the Middle East, notably from the local authorities, exchanges and regulators.”
“As highlighted by the Financial Services Regulatory Authority at Abu Dhabi Global Markets, there is a clear focus on the development of a more vibrant capital markets and therefore such initiatives can only further this endeavour.”
The Middle East has seen significant activity in developing its securities financing markets in 2017, including the launch of a regulated short selling (RSS) facility in Saudi Arabia earlier this month.
The Abu Dhabi Securities Exchange (ADX) provided an RSS-licence to Al Ramz Capital, a United Arab Emirates (UAE) investment manager, while Dubai Financial Market (DFM) has also developed a RSS.
International Securities Lending Association (ISLA) has hosted its first roundtable discussion in the Middle East to discuss topics from regulation reform to new revenue opportunities.
The event was hosted by Andrew Dyson, CEO and Sejal Amin, ISLA’s head of membership and event services in Abu Dhabi on 14 December, who welcomed 40 delegates, mostly from the region.
Delegates from a wide-range of institutions including exchanges, regulators, authorities, sovereign wealth funds, and global investment and custody banks from the region attended the event, where to discuss regulatory reform, cost of capital, revenue opportunities, demand for high-quality liquid assets to different legal constructs such as pledge and central clearing were covered.
Osman Raie, head of equity sales & trading MENA at HSBC Global Banking and Markets, offered a keynote address discussing recent developments across regional markets such as Saudi Arabia, and how the international community is very much focused on how these markets will develop over time.
Amin said: “We were delighted with the response and support to run an event in the Middle East, notably from the local authorities, exchanges and regulators.”
“As highlighted by the Financial Services Regulatory Authority at Abu Dhabi Global Markets, there is a clear focus on the development of a more vibrant capital markets and therefore such initiatives can only further this endeavour.”
The Middle East has seen significant activity in developing its securities financing markets in 2017, including the launch of a regulated short selling (RSS) facility in Saudi Arabia earlier this month.
The Abu Dhabi Securities Exchange (ADX) provided an RSS-licence to Al Ramz Capital, a United Arab Emirates (UAE) investment manager, while Dubai Financial Market (DFM) has also developed a RSS.
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