Almaty Welcomes the World Forum of Central Securities Depositories
Almaty, Kazakhstan, has been chosen to host the World Forum of Central Securities Depositories (WFC 2025). This marks a significant milestone as the forum, which gathers Central Securities Depositories (CSDs) from across the globe, will be held in Central Asia for the very first time.
Strengthening Kazakhstan's Financial Hub
The WFC 2025 will take place in Almaty from September 23 to 26, with a diverse group of attendees from various continents. Kazakhstan's designation as a pivotal player in the global financial market positions it perfectly to host such a crucial event.
The Role of the Kazakhstan Central Securities Depository
Leading this year’s forum is the Kazakhstan Central Securities Depository (KCSD), which took on the chairmanship role during the 2023 meeting in Prague. Hosting these international discussions aligns with Kazakhstan’s vision outlined in its "Concept of Development of the Financial System until 2030." This concept aims to transform the KCSD into a vital regional settlement hub, thereby enhancing its influence in global finance.
Global Participation
The WFC brings together five major regional associations that encompass nearly 135 CSDs worldwide. Notable participants at the forum include the Asia-Pacific Central Securities Depository Group (ACG), the Americas' Central Securities Depository Association (ACSDA), the Association of Eurasian Central Securities Depositories (AECSD), and others.
A Platform for Collaboration
Mr. Yedil Medeu, the CEO of KCSD, expressed pride in hosting WFC 2025 in Almaty. He emphasized that this forum serves as a platform that nurtures collaboration and the sharing of expertise and best practices among financial institutions.
Focus on Future Challenges
The central theme for WFC 2025 revolves around the "Evolving Landscape of CSDs: Navigating Challenges, Opportunities, and the Future of Post-Trade Infrastructures." A variety of sessions will address critical topics such as systemic risks, improving settlement efficiency, technology transformation, and the harmonization of global regulatory frameworks.
Keynote Speakers and Participants
The forum will kick off with opening remarks from prominent figures including Yedil Medeu, Timur Suleimenov from the National Bank, and Madina Abylkassymova from the Agency for Regulation and Development of the Financial Market. The opening plenary will feature regional leaders from various CSD associations.
Expert Panels and Case Studies
Among the keynote speakers are notable industry experts like Yuji Yamashita from the Asian Development Bank and Bryan Pascoe, the CEO of the International Capital Market Association. Various panels will also include representatives from the Kazakhstan Stock Exchange, Clearstream, and securities depositories from around the world.
Contributions to the Post-Trade Industry
Case studies presented at the forum will tackle essential issues such as sustainability in post-trading processes and advanced risk management strategies. Engaging discussions will involve notable presenters who are influential within their respective organizations.
KCSD's Role and Influence
Managing around USD 320 billion in custody holdings, the KCSD is a cornerstone of Kazakhstan's financial market infrastructure. With a substantial portfolio of foreign and local securities, KCSD serves both domestic and international clients, and it aims to enhance its service offerings moving forward.
A Broader Vision for the Future
Continuing its development, KCSD is striving to improve client services, broaden its product range, and embrace IT advancements. By participating in the international post-trading community, KCSD is solidifying its position to connect Kazakhstan more effectively with global capital markets.
Join the Conversation
Anyone seeking further information is encouraged to reach out via email at pr@kacd.kz. For additional inquiries related to the forum, feel free to contact WFCSecretariat@kacd.kz.
Frequently Asked Questions
What is WFC 2025?
WFC 2025 is the World Forum of Central Securities Depositories, bringing together key players in the global financial markets.
Why is the event in Kazakhstan significant?
This is the first time the WFC is being held in Central Asia, highlighting Kazakhstan's emerging role as a financial hub.
Who will be participating in the forum?
Representatives from various global financial institutions, including CSDs and industry organizations, will attend.
What topics will be discussed at WFC 2025?
Discussions will cover systemic risks, settlement efficiency, technological advancements, and regulatory frameworks.
How can organizations gain further insights into this event?
Organizations can contact the KCSD for detailed inquiries or follow developments through official communications.
