Central Securities Depository Of IRAN

On the sidelines of the Asia-Pacific CSD Group Cross-Training seminar (ACG-CTS24) in Hong Kong, a high-level meeting took place between representatives from the Central Securities Depository of Iran (CSDI) and the Global Legal Entity Identifier Foundation (GLEIF). The objective of the meeting was to explore potential collaboration opportunities aimed at enhancing transparency and efficiency in the Iranian capital market.

Participants

The meeting was attended by key officials from both organizations:

• CSDI Delegation: Led by Mohammad Baghestani, CEO and Board Member, accompanied by Siavash Azimi, International Relations Director and Corporate Secretary.
• GLEIF Delegation: Alexandre Kech, CEO.

Discussion Highlights

The discussions between CSDI and GLEIF were described as both positive and constructive. The key points of focus included:

• Potential Collaboration: Both parties expressed a strong interest in working together to improve transparency and efficiency in the Iranian capital market through the use of Legal Entity Identifiers (LEIs).
• Enhancing Market Transparency: The integration of LEIs into the Iranian market was highlighted as a key initiative to enhance transparency in entity identification, providing greater clarity and trust in financial transactions.
• Efficiency Gains: Discussions also revolved around how the implementation of global standards, such as LEIs, could lead to improved efficiency in market operations, reducing risk and enhancing the flow of information between entities.

 The meeting between CSDI and GLEIF reflects a promising step toward greater collaboration, with both parties keen on advancing shared goals of transparency and efficiency in the Iranian capital market. Moving forward, ongoing dialogue and cooperation will be key in identifying practical initiatives that benefit both organizations and the broader financial ecosystem.

Release Date: 9/10/2024

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