“Regulators must better anticipate new risks”

For Nezha Hayat, President of the Moroccan Capital Markets Authority (AMMC),

For Nezha Hayat, President of the Moroccan Capital Markets Authority (AMMC), “we must mobilize more resources and offer complementary innovative solutions”. – Credit: Karim Tibari

HASWhile the United Nations Conference on Climate Change in Sharm el-Sheikh, known as COP27, echoes the challenges that the world must face to live better while preserving the planet, Africa continues to be grappling with huge capital needs to finance its development. The political, economic and financial upheavals do not make his task any easier, so it was relevant to reflect, on the sidelines of the 47e annual meeting of the International Organization of Securities Commissions (IOSCO) and the public conference of the Moroccan Capital Markets Authority (AMMC), around the theme “Predicting the unpredictable: a trilemma for capital markets”. Beyond contributions to understanding new forms of risk, there was discussion on the opposition between structural crisis and cyclical crisis, the role of capital markets in the pursuit of the objective of zero exclusion, zero carbon , zero poverty, in their contribution to help restart and reform economies damaged by the Covid-19 health crisis, taking into account the risks associated with new technologies by increasing vigilance in terms of cybersecurity, finally, last but not least, how Africa can bring about a beneficial disruption by limiting the disadvantages of its weaknesses and maximizing the benefits of its advantages. So many crucial points that set the stage for the challenges that Africa must face. […] Read more

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