The 20th ACG Cross-Training Seminar 2018 was successfully held in Shanghai, China from May 10 to 12, 2018 hosted by China Securities Depository and Clearing Corporation Limited (CSDC).
Being an active member of the Risk and Recovery Task Force of ACG, CSDI contributed to the task force activities by doing a presentation on “Risk Arising for CSDs Facilitating Foreign Investors and Their Mitigating Factors.” The presentation, delivered by CSDI Research and Development Senior Expert, Masoud Reza Abbasi, mainly focused on custody services to all foreign portfolio investors in the Iranian securities market.
Addressing the gathering, the CSDI R&D senior expert briefed the audience on the risks depositories face while providing custody services, the counterparty's risks, and the significance of transparency and accuracy of the relative laws and regulations, as well as strategies practiced at Central Securities Depository of Iran to contain and mitigate these risks.
Meanwhile during the event, the CSDI representatives held separate bilateral meetings with their counterparts from Japan, China, Pakistan, India, Taiwan and Malaysia depositories on the sidelines to exchange views and reviews grounds for mutual cooperation.
In a final statement of the two-day Seminar in Shanghai, the participants attached great importance to boost cooperation among Asia-Pacific CSD Group member states in internationalization of their financial markets, creation of a global communications plan for a benefits strategy, application of a diverse range of new technologies and combat against cyber threats.
ACG is a representative forum of all depositories and clearing houses of the Asia-Pacific region. The group consists of 34 CSDs from 23 countries. ACG is also one of the five members of World Forum of Central Securities Depositories (WFC), which is the global body of depositories and clearing houses, representing all the five regions, namely Asia, Europe, Middle East & Africa, Americas and CIS states.
In December 2016, Central Securities Depository of Iran was elected as one of the Executive Committee members of the Asia-Pacific Central Securities Depository Group (ACG) with majority of votes.
Release Date: 5/20/2018