President of the Israel Capital Market Authority Anat Guetta is expected to arrive in Morocco on Monday to participate in the 47th annual conference of the International Organization of Securities Commissions.
The event will be hosted in Marrakech from October 17 to 19.
The authority said in a press release further stated that the Israeli official will review during the conference its positions regarding open finance, financial technology, and cryptocurrencies, as well as their impact, advantages, and risks.
“The most difficult challenge in implementing technological innovation in financial markets is the need to continue learning and keeping up with the changes that new technology brings,” Guetta said, according to the same source.
“It is our responsibility as regulators to equalize financial opportunities for the general public, participating companies, and entrepreneurs,” she added.
“I believe in partnership, and we learn from one another. We must make an effort to create a global space that allows legitimate activity while also managing the risks associated with it, and I am confident that this conference is the right place to build international cooperation in this regard,” she further stated.
Last month, Israel achieved an important achievement in promoting financial innovation by granting the first licenses to 4 financial technology companies that will pioneer the consumer financial revolution, said the same source.
The International Organization of Securities Commissions’ annual meeting, which is being held in Morocco for the first time, brings together each year representatives from nearly 100 financial market regulators as well as other members of the international financial community, according to the same source.
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