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DCV participates in a global meeting of securities depositories

DCV participates in a global meeting of securities depositories
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GLOBAL CONFERENCE ORGANIZED BY THE WORLD FORUM CONFERENCE (WFC)

Every two years, securities depositories from around the world meet at a global conference organized by the World Forum Conference (WFC). This year was no exception. Nearly 300 delegates from around the world (where 90 countries were represented, and 40 exhibitors were present) gathered between April 9th and 11th in Morocco. The meeting included the representatives of regional depositories associations of Asia-Pacific, America, Africa and the Middle East, Europe and Central Eurasia, as well as regulators and other actors in the capital markets.

On behalf of the Depósito Central de Valores of Chile attended Fernando Yáñez G., its general manager, and Javier Jara T., commercial and new businesses manager. The latter participated in a round table discussion in his capacity as vice president of the Americas’ Association of Securities Depositories, ACSDA (its acronym in English).

“These meetings are especially important and fruitful in times where technology is advancing by leaps and bounds considering our industry has to be up to date with this trend in order to deliver the best service to our clients. Therefore, information exchange of all types and trends are always a contribution”, explained Fernando Yáñez. In the same line, Javier Jara added that the exchange of good practices between depositories is also very important in these types of events: “We are at a time when many regional and global depositories are seeking to expand the range of services offered. In this way, knowing these experiences first hand is very enriching”.

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Among the topics discussed at the World Forum Conference, cybersecurity, CSD’s expectations and industry perspectives, current and future business challenges, innovation and market diversification stand out.

“The search for new businesses and constant innovation are currently a responsibility in our sector,” explained Yáñez. Additionally, he added that “the ongoing concern for security in the provision of services and being prepared against contingencies and cyber-attacks is of vital importance today in the world of securities depositories, because what we sell is trust and security”.

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