Cyber security, ¨blockchain¨, digital transformation, changes following the elections in the United States and the election of  Javier Jara, DCV’s business and legal manager; as the new vice-president of the Association, were the main issues of the XIX General Meeting of America’s Central Securities Depositories Association (ACSDA).

The meeting, held on April in the city of La Paz, Bolivia, is an instance to share information and experiences with a spirit of collaboration, to develop works and recommend better practices in services relating to the deposit, clearance, settlement of securities, efficiency and risk management.

One of the relevant topics for the attendees was analyzing Latin America’s opportunities following the policies implemented by the newly elected President of the United States, Donald Trump. One of the main conclusions of this panel, led by Diego Martínez Burzaco, director of MB Inversiones, was that the region is better prepared to face increasing rates, whereas commodity prices remain stable trending upwards.

In order to leverage this opportunity, ACSDA’s experts stressed the vital importance of a regional stock markets integration as soon as possible, referring to MILA. They also mentioned that being competitive as to transaction costs and taxes, and providing the investors an easy access to financial information, is extremely necessary.

Financial education is one of the key topics for this purpose, where colloquial language facilitates access for the entire population to the difficult world of finance.

The new digital era

Digital transformation was another topic that drew the attention of the attendees to this meeting. Guidelines of the upcoming technological trends were presented, where speakers provided the main tools in order to keep pace with this new way of conducting things, catalogued as a necessity. It is an ongoing revolution that goes extremely fast”, stated César Heredia, general manager of Arkin Software.

Among the benefits, they stressed the fact that it increases post transactional efficiency, improves reports and monitoring capacities, reduces costs and provides real time transparent information.

New Board

The new board is composed of: chairman, Roberto González Barrera, INDEVAL México; deputy chairman, Javier Jara Traub, Depósito Central de Valores, DCV, Chile; Treasurer, Olga Cantillo, Latinclear, Panamá.

“DCV is very pleased to remain part of ACSDA’s executive committee. Particularly, as secretary during years 2015-2016 and, currently, as deputy chairman. Challenges are big, and improvement is constant; the members of this board will be constantly aimed at making this industry even safer, applying high standards and better practices.” stated Javier Jara, business and legal manager at Depósito Central de Valores de Chile.

Images of the Meeting

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