IRAN, RUSSIA TO CREATE PLATFORM TO CONNECT CAPITAL MARKETS

Iranian and Russian central securities depositary companies are stepping up their efforts to create platform to connect the two countries’ capital markets.

Central Securities Depositary of Iran and National Settlement Depository of Russia have intensified their efforts to connect the two countries’ capital markets following a landmark Memorandum of Understanding sealed between the two companies.

President and CEO of Central Securities Depository of Iran, Mr. Hossein Fahimi, who is heading a high-ranking delegation to the Russian capital city of Moscow, met and conferred with NSD Chairman of the Executive Board, Mr. Eddie Astanin, where the two sides reviewed the grounds to implement the terms stipulated in the recently signed MoU they signed.

During the meeting, the CSDI President said, “Cooperation between CSDI and NSD are critical to the wellbeing of our capital markets, because it covers the nuts and bolts of an integrated regional capital market in this evolving world.”

Mr. Fahimi went on to say that “Collaboration with NSD is important for us with regard to all new and existing instruments, allowing us to ensure a high level of reliability and technological efficiency; particularly for an effective use of the Blockchain technology in electronic General Meeting.”

Later in the day, in a separate meeting with senior representatives of Central Bank of Russia (CBR), the Iranian delegation raised technical discussions on the role of central banks as providers of support to capital markets.

In an address to the session, Mr. Fahimi termed capital markets as a key component of the financial system and said CSDI was keen to foster relations with Russian key market players whose cooperation will be critical to the wellbeing of both sides’ capital markets.

CSDI President and CEO, Mr. Hossein Fahimi, is heading a high-ranking delegation to the Russian capital to attend Moscow Exchange Forum 2018 upon an invitation by Chairman of Management Board at National Settlement Depository, Mr. Eddie Astanin.

The Moscow Exchange Forum is Russia's largest conference for the professional financial markets community, bringing every year over 1,000 participants including representatives of banks, brokerage firms, local and international investment funds, independent experts, analysts, regulators and business owners.

Release Date: 4/23/2018


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