الأمين العام لاتحاد الأوراق المالية العربية جليل طريف لـ CNBCعربية: الهيئات الرقابية تعتمد على التكنولوجيا والذكاء الاصطناعي في أداء دورها الرقابي

CNBCArabia

2 years ago

Transcript

00:00 "No doubt, the issue of challenges is a big issue.

00:04 The financial markets have witnessed many crises in recent years, crises related to the

00:11 coronavirus crisis, and then the geopolitical crises that the region has witnessed.

00:16 Of course, the role of the regulatory bodies as a watchdog on the financial markets is to

00:21 maintain the stability of the financial markets and to ensure that the financial markets work

00:27 in the face of crises, work efficiently and face the problems that investors may face,

00:34 especially in terms of providing the correct and appropriate information to the investor

00:40 who deals with the financial markets.

00:43 Because the main goal of any regulatory body is to protect investors and to ensure stability

00:48 in the global markets."

00:49 "But it works without any of its sides, and it is perhaps for foreign investment, because

00:54 during these crises, we see fluctuations in the size of foreign investments in the main

00:59 financial markets.

01:00 What role does the role of the financial market bodies play in facilitating the entry of foreign

01:05 investors into these markets?"

01:06 "Look, foreign investors are present, and foreign investors are always looking to diversify

01:11 investments and always look to emerging markets.

01:14 Therefore, we find that in many Arab financial markets, the size of foreign investors is

01:20 higher than that of local investors.

01:24 But there is no doubt that the crises that are occurring in the world affect all investments,

01:29 whether foreign or non-foreign.

01:31 But foreign investors look at a number of issues when they decide to invest in any country.

01:39 The first is the process of entry and exit.

01:41 This is essential for investors, that the investments they enter in any country are easy

01:48 to exit.

01:50 Therefore, entry and exit are important."

01:53 "The ease of ownership, and we may have seen some markets facilitating the procedures

01:57 of foreign ownership."

01:58 "Exactly.

01:59 Ownership is part of the process of entry and exit.

02:02 Because if you allow him to enter and exit easily, then this helps the investor.

02:07 Now, the investor has become more complicated.

02:10 Investors' demands have become more complicated than the ease of entry and exit.

02:18 As you know, there is a worldwide interest in sustainability and green tools.

02:26 Therefore, before an investor invests, an important part of his decision, which he studies

02:32 and invests in any country, is that this company or this country is concerned with the issue

02:40 of sustainability, because this is part of the policy of any investor.

02:47 He wants his investments to be based on professional principles.

02:53 Part of it is the issue of sustainability and governance."

02:56 "This was my next question, because in the last period, several markets have started

03:01 to be divided, such as the carbon markets in Tawaia, and finally Egypt.

03:05 To what extent can these markets be divided in order to provide green financing to face

03:10 climate change?"

03:11 "No doubt that the financial markets are an important tool in providing financing,

03:16 whether for green or regular financing.

03:18 Now, the focus is more on the issue of setting specific rules on sustainability.

03:23 Now, the developments that I have seen in the last period, during the last years, are

03:29 huge.

03:30 We find that many financial markets have become committed to companies.

03:35 First, through the FSAH, especially after the International Council of Sustainability

03:42 agreed, in accordance with the IOSCO, to set the main principles on the issue of sustainability.

03:50 Now, this has not become a side issue.

03:53 It has become an important part of the requirements for the development of any capital market.

03:57 In addition to being committed to the FSAH, companies have become interested in setting

04:03 the basics and standards that must be met in order to produce green products, and are

04:10 acceptable to foreign investors.

04:13 Of course, as you know, the financial markets are very complicated, and the regulatory bodies

04:19 have become among their priorities, in terms of sustainability and FSAH, and ensuring

04:25 that investors are not subject to deception from misleading information, especially

04:32 regarding the issue of green investment.

04:36 We are talking about a great technological development worldwide, digital currencies

04:41 and encrypted currencies.

04:43 How can the financial markets and the regulatory bodies play a role in organizing

04:49 digital currencies, of course not encrypted currencies?

04:52 Sir, the investment in encrypted assets, or virtual assets, in its broad sense, has

05:02 become part of the technological development that the world is witnessing.

05:06 We cannot deny that.

05:08 Now, technology has not become a part of the regulatory bodies, nor the financial markets.

05:17 The regulatory bodies use technology to benefit from the issues of monitoring, on the

05:24 parties that are subject to its monitoring.

05:27 The use of artificial intelligence, the use of machine learning, the use of all these

05:31 tools has become important for the regulatory bodies.

05:34 As for the use of technology by the parties that are subject to the monitoring of the

05:40 regulatory bodies, whether the markets or the medium-sized companies and others, there

05:44 is a need for the use of technology to serve the purpose of the regulatory bodies in

05:50 protecting the financial market.

05:54 Of course, the issue of encrypted assets is still a new issue.

06:00 The ISCO organization issued a document a few days ago, which provides evidence of the

06:06 use of the regulatory bodies that organize these operations, and thus serve the financial

الأمين العام لاتحاد الأوراق المالية العربية جليل طريف لـ CNBCعربية: الهيئات الرقابية تعتمد على التكنولوجيا والذكاء الاصطناعي في أداء دورها الرقابي

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