INVESTORS & CORPORATES
The Capital Markets Authority in collaboration with the Institute for Finance and Governance (IFG) held its first “World Investor Week 2018” conference on October 17, 2018 at l’Ecole Superieure Des Affaires (ESA), Beirut, Lebanon.
Mr. Tarek Zebian, Director of Research & Communications at the CMA delivered the welcome note at the World Investor Week, stressing the importance of collaboration between academia, regulatory institutions and industry experts to better protect and educate investors, which helps nurture ‘smart investors’ a key theme in this year’s World Investor Week global message.
Following the welcome note, IFG Coordinator Mr. Hadi El Assad praised the current relationship between the Capital Markets Authority and the IFG, and the positive implications this collaboration has on developing the Lebanese Capital Markets through spreading investor awareness, and promoting a culture of good governance in Lebanese companies.
Riad Salame, Chairman of the CMA
At the opening of the First “World Investor Week” event held by the Capital Markets Authority, the Chairman of the Authority H.E. Mr. Riad Salame stated that Lebanon will soon launch an Electronic Trading Platform (ETP) which shall facilitate local and international liquidity in the Lebanese markets contributing in the development of the economy and allowing Lebanese diaspora access to invest in Lebanon.
He added that the CMA, in its approach to World Investor Week, had confirmed its full readiness, using the Implementing Regulations it has adopted in cooperation with the World Bank, to help set the framework for better regulation of capital protection and development.
Mr. Salame explained the need for Lebanon to be more closely aligned with Lebanese investors in order to encourage them to buy shares in companies to expand investments and enhance exports. In this context, he stressed on the role and mission of the Capital Markets Authority, which is to establish trust between the investors and the companies they invest with.
The Chairman of the CMA stressed that the institutions that deal with currencies should be ethical in their dealings and focused on the full disclosure of the risks involved in all financial transactions, especially in investment funds and financial instruments offered to investors.
Chairman Salame added that the CMA has launched an educational awareness campaign for investors and will work on introducing investor education modules into the curricula of schools and universities in view of its importance for the development of the economy in general.
Jalil Tarif, Secretary General UASA
In his Speech, UASA Secretary General, Jalil Tarrif stressed on the role of regulatory bodies and its importance in growing market transparency and spreading investor awareness through its regulations, adding that the CMA as President of the Union of Arab Securities Authorities, has been very active on investor education and the strategic plan set forward, including the launching of the UASA online portal for investor education.
Paul Andrews, Secretary General, IOSCO
Through a recorded message to the ‘World Investor Week’ event hosted by the CMA. Mr. Paul Andrews, Secretary General of International Organization of Securities Commissions (IOSCO) praised the initiative done by the CMA in participating in the Global Campaign “World Investor Week” in collaboration with IOSCO. He stressed on how the CMA is contributing to this year’s WIW theme in creating Lebanese smart investors through recently completing a regulatory overhaul and rolling out Implementing Regulations ensuring sustainable capital markets.