The Annual Training Seminar for depositories of the Association of the Eurasian Central Securities Depositories (AECSD) was held on June 3-5, 2020. Due to the current situation with COVID-19 outbreak, the seminar was held online. Discussion of important issues in the framework of annual meetings is a regular format of the Association's work, which allows improving the knowledge of its participants about the models of accounting systems in other countries, identifying important areas of work and coordinating joint actions for the development and integration of financial markets.
Thanks to the new online format, the event was attended by more than 60 representatives of financial institutions and regulatory authorities from the AECSD member and observer countries - Armenia, Belarus, Belgium, India, Kazakhstan, Kyrgyzstan, South Korea, Russia, Tajikistan, Turkey, Uzbekistan and Ukraine, which was a record number for such an event.
During the seminar the participants touched upon a number of important topics such as the organization of accounts and correspondent relations, the implementation of the repository function, electronic voting mechanisms, digitalization, etc. The seminar program also included a discussion of the consequences of the current epidemiological situation in the world for the industry, and participants noted that they have overcome current challenges without significant drawbacks for their activities.
The events of recent months have further emphasized the role of central depositories in ensuring the stability of the financial market infrastructure and reconfirmed the correctness of their course towards the development of risk management, information technology, strengthening financial stability and improving operational reliability.