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By: Ahmed Saleh Al Marhoon Director General, MSM. Turkish Arab Capital Markets Forum 20 September 2012 Four Seasons Bosphorus Hotel. Turkish/Arab - Economic Synopsis. Basis of Harmonization. Similar Cultural values Common Religious attributes Geographical proximity
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By: Ahmed Saleh Al MarhoonDirector General,MSM Turkish Arab Capital Markets Forum20 September 2012Four Seasons Bosphorus Hotel
Basis of Harmonization • Similar Cultural values • Common Religious attributes • Geographical proximity • Expansion of trade between the two economies in the recent past • Easy access (e-trade) • Globalization
Benefits of collaboration • Creation of alternative resources for economic development. • Reduced cost and increased investment returns. • Increase cross border order routing & linking (Allowing investors to trade in multiple markets). • Increased competition among brokerage companies – diversification of investment portfolios and reduced the cost of services. • Promote growth of the capital markets by brining more investment opportunities to more people. • Reduced investment risk. • More Capital raising Benefits for listed companies. • Boost in liquidity will enhance the role of local economies. • Better opportunities for risk-sharing.
For the sake of playing a significant role to facilitate A collaboration between the Arab & Turkish Financial Markets, following should be examined: • Policies and regulations related to these markets. • Conditions for companies to go public and be listed in the financial markets. • Clearing and settlement systems • Disclosure and corporate governance rules • Agree on blue-chip companies to be commonly traded. • Conditions for granting licenses and monitor the operations of financial services providers (brokerage firms, consultation firms and market makers)