The World Forum of Central Securities Depositories met in Dubai to discuss a way forward for regional cooperation in the CSD industry.
The objective of the forum is to provide the five regional CSD associations to exchange information on cross-regional and global developments.
Eddie Astanin, chairman of the forum, and also chairman of the executive board of the National Settlement Depository in Russia, said: “The imperative role played by CSD in the financial markets is being widely recognised following the global financial crisis."
"It is through forums such as [ours] that the CSD community is able to make representation at an international level regarding the importance of CSDs as financial market infrastructures and the value we bring to the market.”
The WFC Board confirmed that its next conference of the World’s Central Securities Depositories (WFC 2015) will be held in Cancun, Mexico from 19–22 May, 2015.
