Building african financial markets seminar
This is the first time the BAFM is being hosted outside of South Africa, and it is with great pleasure that I stand before you today opening the two day training seminar dedicated to fostering collaboration and knowledge enhancement among stakeholders in the African financial market. The BAFM seminar is a capacity building initiative championed by ASEA in collaboration with its members, and it is designed to promote growth in African financial markets. Thisis why the topicsto be discussed over the next two days by expertsfrom Europe, Middle East and Africa are designed to build capacity around liquidity enhancement by driving new learnings in the securities trading business, including information security which is increasingly a high risk area in our markets. In addition to being relevant to exchanges, the topics are also particularly apt for the African broker dealer community, clearing, settlement and depository CSD , Regulators, Central Banks and other financial institutions who will benefit from improved liquidity in African capital markets, and also by the users of derivative products that are beginning to gain attention in our markets.
NSE (Nigerian Stock Exchange) Building African Financial Markets Capacity Building Seminar
This is the first time the BAFM is being hosted outside of South Africa, and it is with great pleasure that I stand before you today opening the two day training seminar dedicated to fostering collaboration and knowledge enhancement among stakeholders in the African financial market.
The BAFM seminar is a capacity building initiative championed by ASEA in collaboration with its members, and it is designed to promote growth in African financial markets. Thisis why the topicsto be discussed over the next two days by expertsfrom Europe, Middle East and Africa are designed to build capacity around liquidity enhancement by driving new learnings in the securities trading business, including information security which is increasingly a high risk area in our markets.
In addition to being relevant to exchanges, the topics are also particularly apt for the African broker dealer community, clearing, settlement and depository CSD , Regulators, Central Banks and other financial institutions who will benefit from improved liquidity in African capital markets, and also by the users of derivative products that are beginning to gain attention in our markets.
Indeed we have people from about 17 countries registered. The decline in commodity prices, geopolitical tensions, lower Chinese growth, and the relative weakening of local currencies in Africa resulted in slower growth across a number of economies in This was mirrored by the performance of benchmark indices of many African exchanges, with almost all closing the year on a negative note. Despite the challenging operating environmentin , many countries in sub-Saharan Africa are expected to see a gradual pickup in growth in Now, what doesthis mean for us?
It meansthat we must position African capital markets as a viable funding source for the anticipated growth, and liquidity is the key success factor to this goal. Thus, these initiatives are encouraged to fast-track the integration of their regional markets.
Like integration, technology has become a facilitator of liquidity. Historically, the technology focus for exchanges was on execution, however today, the focus has shifted to information services, pre trade, and post trade dimensions. Accordingly, information services, pre-trade and post-trade are where the next waves of innovation for exchanges are expected to emerge. Emerging technology such as block chain and fintech are gaining traction. Business models such as Uber and Airbnb who have no taxis or rooms but yet create liquidity in them, demonstrate that technology does not create liquidity on its own but instead it brings together market participants, and that leads to liquidity.
In the capital markets, technology can be powerful, as it can bring very diverse market participants together as you will see in some of the sessions scheduled later in this programme.
Building the African financial market is our collective responsibility, hence we must seek out knowledge that empower each of us to remove impediments such as outdated systems and trading practices that impede the ability of African exchanges to handle sizeable capital inflows. These and many more are some of the untapped opportunities waiting to be explored, and it is imperative that we are prepared to take advantage of these opportunities.
Luck they say is what happens when preparation meets opportunity. Therefore, let us create and take ownership of our own luck, by engaging and participating in this rich seminar, and then proceed to leverage the knowledge in innovating, and enhancing efficiencies in our different capital markets. I am confident that the learnings from our interactions during this seminar will elevate our business strategies to ride out the headwinds that our markets have experienced in recent times.
In the end, I hope that we are better positioned to unlock the growth potential of our economies, and are empowered to advance the development of our capital markets. Leave a Reply Cancel reply.
Building African Financial Markets (BAFM) Seminar. Posted on March 30, by asea. Hosted by the Casablanca Stock Exchange. Home · About ASEA. Learn More About ASEA; Mission & Vision; Our Constitution; Governance; President's Corner. Learn More About ASEA. ASEA was.
We talk to Oscar N. This event is coming at a time when Nigeria has turned a corner from its first recession in over two decades, to emerge as the best performing bourse in Africa and 3rd best performing globally in The first being what my vision for the Association was when the mantle of leadership was handed over to me, and what we have achieved in that space of time, and the second being what my vision for ASEA will be after I pass the baton. Oscar, please outline the strategic priorities for NSE for , and the key projects the exchange is working on at the moment.
