On 14-15 June, the Association of Eurasian Central Securities Depositories (AECSD) conducted its annual seminar for AECSD depositories. The event was held in Almaty, the Republic of Kazakhstan.
The discussion of important issues at these regular meetings allows AECSD participants to expand their views regarding other countries’ record-keeping system models, identify important areas for future work, and coordinate their actions for developing and integrating financial markets.
Representatives of ten countries took part in the Almaty event: Azerbaijan, Armenia, Belarus, Kazakhstan, Kyrgyzstan, Uzbekistan, Ukraine, Russia, Tajikistan, and Turkey.
Traditionally, the event has been held as a seminar, at which the host presents guests with activities and services. This year, a new format was used: all participants could share their experiences. Guests described the most important events for their infrastructure, discussed the problems they faced, and highlighted which problems remain unresolved.
The seminar’s topics included various areas of depositories’ operations: settlement services development, cash settlements, e-voting options, and non-depository services, such as collateral management, service bureau activities, and information and repository services. The participants also discussed such matters as servicing government bonds, attracting foreign investors, and issuing government bonds for retail investors.
The priorities of all seminar participants included improving service quality, enhancing the risk management system, and increasing their companies’ financial stability and operational reliability.