FSA participates in the 18th Annual Meeting of the Union of Arab Securities Authorities and Arab Capital Markets Conference titled, “Innovation, Artificial Intelligence, Sustainability, Opportunities and Challenges”
The Sultanate of Oman represented by the Financial Services Authority (FSA) participates in the 18th annual meeting of the Union of Arab Securities Authorities and the 3rd Conference of Arab Capital Markets with an official delegation chaired by HE Sheikh Abdullah Salim Al Salmi, Executive President of the FSA, in Doha, Qatar
The meeting commences on Wednesday 24, April 2024 to discuss a number of issues related to Arab financial markets and issues of common interest related to the development of Arab securities industry including the guidelines on best practices in combating money laundering and financing terrorism, crowdfunding guidelines in Arab capital markets and general sustainability guidelines in Arab financial markets, the guidelines for Fintech and cyber security in addition to reviewing the completed works under the strategic plan of the Union for 2023.
The FSA will take part in the third meeting of the Arab Capital Markets to be held on Thursday 25, April 2024 under the theme “ Innovation, Artificial Intelligence, Sustainability, Opportunities and Challenges” to be hosted by Qatar Financial Markets Authority in collaboration with the Union of Arab Securities Authorities with the aim of discussing the future trends in the relationship between artificial intelligence and management of Arab capital markets as well as the increasing role of AI in the implementation of governance, financial sustainability and social responsibility in such markets beside the growing importance of Fintech in risk management in Arab capital markets.
It is worth to note that the Union of Arab Securities Authorities was established in 2007 and comprises Securities commission and regulators of financial markets in addition to a number of institutions operating in the financial and economic fields. The Union aims to upgrade the legislative and regulatory standards of Arab securities markets to achieve fairness, competence and transparency as well as joining efforts to reach efficient levels of surveillance of the transactions in Arab securities markets in addition to joint cooperation and coordination among the members for utmost degrees of harmony and consistency in laws and regulations.