FSS 2020 - - PowerPoint PPT Presentation

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• FSS 2020 International Conference

“Capital Market”

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GLOBAL TRENDS Globally, capital markets are becoming increasingly dynamic with series of innovations in infrastructures, products and services. Consolidation of exchanges is the approach undertaken by older and more established exchanges to remain competitive. Therefore, the development of the capital market must be seen in the context

• f regional integration of markets. The Ghanaian and Nigerian SECs have

collaborated on a number of issues through the instrumentality of the bilateral MoU signed in year 2002. Within the Anglophone West Africa, the Nigerian and Ghanaian Exchanges are the leading stock exchanges. Several other exchanges are being established to trade specific securities like commodities futures and exchange traded funds. New products such Assets Backed and Mortgage Backed Securities, Real Estate Investment Scheme, Ethical and Islamic capital market products, Hedge funds are being introduced to deepen the various market.

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• The quality of service delivery has also been enhanced through the

automation of processes e.g. the introduction of electronic filing, e- trading, remote trading, e-po, e-bonus, e-dividend, shelf-registration and electronic issuance of securities. Other global trends include:

• Linkages of Central Securities Depositories (CSD)
• Increase in corporate restructuring, mergers and acquisition
• Simplification of licensing structures (e.g. universal/investment banking

license

• Introduction of risk-based supervision and convergence of international

financial reporting standard

• International cooperation and information sharing between jurisdictions

through the instrumentality of the International Organisation of Securities Commissions (IOSCO) Multilateral Memorandum of Understanding (MMoU).

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