MKK to Host Global Finance Leaders from 44 Countries at Istanbul Finance Summit
The AECSD & AMEDA Istanbul Summit 2024, hosted by Turkiye’s Merkezi Kayıt Kuruluşu (MKK), is set to bring together financial leaders and central securities depositories from over 44 countries. Scheduled for October 2-4, 2024, at the Istanbul Finance Center, the summit aims to enhance international cooperation and strengthen investment opportunities across Eurasia, Africa, and the Middle East.
MKK’s Expanding Global Reach
During the summit’s promotional event, MKK General Manager Dr. Ekrem Arıkan highlighted the institution’s continued expansion in financial services, technological innovation, and international collaboration. He noted that MKK has successfully grown its product and service network, further positioning Turkiye as a key player in the global financial landscape.
- Global Membership: MKK is part of four out of the five global central securities depository unions, enhancing its international influence.
- Technological Exports: Since 2020, MKK has exported its Electronic General Meeting System (EGKS) to countries like Indonesia, marking a milestone in financial technology exports.
Summit Highlights: Connecting Continents and Markets
With participation from more than 40 countries, the AECSD & AMEDA Summit is expected to bring together representatives from capital markets serving nearly 3 billion people. According to Dr. Arıkan, the combined market capitalization of these countries totals around $16 trillion, with 11,000 publicly traded companies and an annual trading volume of $8.6 trillion.
The summit aims to foster new partnerships, introduce market innovations, and set the stage for future growth in the capital markets of Eurasia, Africa, and the Middle East.
- Core Themes:
- Global finance trends
- The evolving role of central securities depositories
- Technological innovations in capital markets
- Cross-border investment opportunities
Strengthening International Cooperation
As part of the summit’s agenda, MKK will host various panels and bilateral meetings to promote new business opportunities and partnerships across borders. Discussions will focus on:
- Role of Central Securities Depositories (CSDs): Critical players in the future of finance, managing infrastructure and capital markets.
- Technological Collaboration: MKK has significantly ramped up its efforts in financial technology exports, especially with its groundbreaking EGKS platform, which has been adopted by Indonesia and reviewed by the OECD.
Dr. Arıkan emphasized the importance of technology in shaping the future of financial markets:
“We have accelerated our technological exports, and with our presidency of AECSD, we’ve had the chance to present Turkiye and MKK at international events. The collaborations we’ve built will benefit our country in the near future.”
Capitalizing on New Opportunities
The summit’s expected outcomes include:
- New Partnerships: Numerous agreements will be signed between countries, expanding financial collaborations across continents.
- Technological Innovation: The introduction of cutting-edge financial technology solutions to new markets.
- Expanded Influence: Istanbul, a city that connects continents, will serve as the center for these groundbreaking developments, further positioning Turkiye on the global financial stage.
With over 100 participants from 40 countries, the AECSD & AMEDA Summit 2024 will mark a milestone in financial cooperation and innovation. The outcomes of this event will have lasting impacts on capital markets across Eurasia, Africa, and the Middle East.
Source: AA / Prepared by Irem Yildiz