The president of the Israeli capital markets authority expected in Morocco

The President of the Israel Capital Markets Authority, Anat Guetta, will travel to Morocco to participate in the 47th annual conference of the International Organization of Securities Commissions (IOSCO), which will be held in Marrakech from October 17 to 19. .

A statement from said authority specifies that Guetta will present at the conference its positions regarding open finance, fintech and cryptocurrencies, in addition to their impact, benefits and risks.

According to Anat Guetta, “the biggest challenge in implementing technological innovation in financial markets is the need to keep learning and to keep up with the pace of change brought by new technologies. As regulators, it is our responsibility to equalize financial opportunities for the public, participating companies and entrepreneurs”.

She added: “I believe in partnership because we learn from each other, and we have to make an effort to create a global space that allows, on the one hand, legitimate activity, and, on the other hand, manages risks associated with this activity, and I am convinced that this conference is the right place to build international cooperation in this regard”.

According to the statement, last month Israel made a significant achievement in promoting financial innovation, “granting the first licenses to four fintech companies that will pioneer Israel’s consumer finance revolution.”

It should be noted that the annual meeting of the International Organization of Securities Commissions, which is being held for the first time in Morocco, brings together representatives of around a hundred financial market regulators as well as other members of the international financial community.

The International Organization of Securities Commissions is the reference institution in the field of capital markets regulation in the world.

The Organization cooperates with the Group of Twenty (G20), the Financial Stability Board (FSC), the World Bank and the International Monetary Fund, which adopt its standards as a benchmark for the financial sector.

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