Day 01

Opening of the Conference

I. The Regulatory Perspective

- The proper level of regulation to enhance capital market development and protection of investors.
- Contain systematic risk, default risk and market disruption
- Entry standards: Capital and prudential requirements
- Minimizing the damage and loss of investors
- MiFid II: what are the new challenges?


Coffee Break

II. Challenges of financial technologies and digitalization

- Regulatory framework: challenges facing financial market infrastructure
- Proper balance between regulation and innovation
- Artificial intelligence, machine learning, distributed ledger technology (DLT): regulatory perspective
- Initial coin offerings (ICOs) and crypto currencies: regulatory implications
- Block chain, implementation in stock market
- Cyber security and cyber resilience

III. Enhancing governance in the Arab capital markets

- Enhancing transparency, disclosure and investors protection: what role international organizations can play?
- Implementing OECD – G20 principles: what are the challenges in the MENA region?
- Role of regulators to protect minority shareholders
- Gender balance in corporate leadership: opportunities to improve
- State-owned enterprises (SOEs): challenges to boost corporate governance


Dinner for the members of the UASA and the participants in the conference

Day 02

IV. Arab Capital Markets Development Updates

- Openness to foreign investment: what are the opportunities and the risks?
- Passporting: why does it matter?
- Exit policies and foreign exchange risks
- Emerging vs advanced markets: where we stand.
- Derivatives markets, CCPs, direct market: What are the challenges?

V. Islamic Finance, Collective investment schemes and fixed income instruments

- Challenges facing Islamic Finance in Arab Capital Markets
- Collective investment schemes: what are the challenges in the Arab markets?
- Fixed income and Islamic Sukuk: Are we on the right track?
- ETFs: impact on liquidity, transparency, and efficiency
- Infrastructure required for asset managers, brokers and investors
- How the new FinTech will help to develop Islamic financial products and CIS in Arab capital markets

Coffee Break

VI. Financial literacy and capacity building

- Financial inclusion: the role of regulators
- Professional certification, continuous education and training
- Ethical and professional standards
- Research and market analysis: what are the challenges?
- Protection of small investors and minority shareholders

VII. Post Trade Transparency: Clearing and settlement update

- New clearing and settlement initiatives
- Derivative markets: Covered short selling, lending and borrowing
- Introduction of T+2 settlement and introducing of delivery versus payments (DVP)
- CCP: what it means for Arab markets?
- Back office as part of the capital markets ecosystem