الأمين العام لاتحاد الأوراق المالية العربية جليل طريف لـ CNBCعربية: الهيئات الرقابية تعتمد على التكنولوجيا والذكاء الاصطناعي في أداء دورها الرقابي
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00:00 "No doubt, the issue of challenges is a big issue.
00:04 The financial markets have witnessed many crises in recent years, crises related to the
00:11 coronavirus crisis, and then the geopolitical crises that the region has witnessed.
00:16 Of course, the role of the regulatory bodies as a watchdog on the financial markets is to
00:21 maintain the stability of the financial markets and to ensure that the financial markets work
00:27 in the face of crises, work efficiently and face the problems that investors may face,
00:34 especially in terms of providing the correct and appropriate information to the investor
00:40 who deals with the financial markets.
00:43 Because the main goal of any regulatory body is to protect investors and to ensure stability
00:48 in the global markets."
00:49 "But it works without any of its sides, and it is perhaps for foreign investment, because
00:54 during these crises, we see fluctuations in the size of foreign investments in the main
00:59 financial markets.
01:00 What role does the role of the financial market bodies play in facilitating the entry of foreign
01:05 investors into these markets?"
01:06 "Look, foreign investors are present, and foreign investors are always looking to diversify
01:11 investments and always look to emerging markets.
01:14 Therefore, we find that in many Arab financial markets, the size of foreign investors is
01:20 higher than that of local investors.
01:24 But there is no doubt that the crises that are occurring in the world affect all investments,
01:29 whether foreign or non-foreign.
01:31 But foreign investors look at a number of issues when they decide to invest in any country.
01:39 The first is the process of entry and exit.
01:41 This is essential for investors, that the investments they enter in any country are easy
01:48 to exit.
01:50 Therefore, entry and exit are important."
01:53 "The ease of ownership, and we may have seen some markets facilitating the procedures
01:57 of foreign ownership."
01:58 "Exactly.
01:59 Ownership is part of the process of entry and exit.
02:02 Because if you allow him to enter and exit easily, then this helps the investor.
02:07 Now, the investor has become more complicated.
02:10 Investors' demands have become more complicated than the ease of entry and exit.
02:18 As you know, there is a worldwide interest in sustainability and green tools.
02:26 Therefore, before an investor invests, an important part of his decision, which he studies
02:32 and invests in any country, is that this company or this country is concerned with the issue
02:40 of sustainability, because this is part of the policy of any investor.
02:47 He wants his investments to be based on professional principles.
02:53 Part of it is the issue of sustainability and governance."
02:56 "This was my next question, because in the last period, several markets have started
03:01 to be divided, such as the carbon markets in Tawaia, and finally Egypt.
03:05 To what extent can these markets be divided in order to provide green financing to face
03:10 climate change?"
03:11 "No doubt that the financial markets are an important tool in providing financing,
03:16 whether for green or regular financing.
03:18 Now, the focus is more on the issue of setting specific rules on sustainability.
03:23 Now, the developments that I have seen in the last period, during the last years, are
03:29 huge.
03:30 We find that many financial markets have become committed to companies.
03:35 First, through the FSAH, especially after the International Council of Sustainability
03:42 agreed, in accordance with the IOSCO, to set the main principles on the issue of sustainability.
03:50 Now, this has not become a side issue.
03:53 It has become an important part of the requirements for the development of any capital market.
03:57 In addition to being committed to the FSAH, companies have become interested in setting
04:03 the basics and standards that must be met in order to produce green products, and are
04:10 acceptable to foreign investors.
04:13 Of course, as you know, the financial markets are very complicated, and the regulatory bodies
04:19 have become among their priorities, in terms of sustainability and FSAH, and ensuring
04:25 that investors are not subject to deception from misleading information, especially
04:32 regarding the issue of green investment.
04:36 We are talking about a great technological development worldwide, digital currencies
04:41 and encrypted currencies.
04:43 How can the financial markets and the regulatory bodies play a role in organizing
04:49 digital currencies, of course not encrypted currencies?
04:52 Sir, the investment in encrypted assets, or virtual assets, in its broad sense, has
05:02 become part of the technological development that the world is witnessing.
05:06 We cannot deny that.
05:08 Now, technology has not become a part of the regulatory bodies, nor the financial markets.
05:17 The regulatory bodies use technology to benefit from the issues of monitoring, on the
05:24 parties that are subject to its monitoring.
05:27 The use of artificial intelligence, the use of machine learning, the use of all these
05:31 tools has become important for the regulatory bodies.
05:34 As for the use of technology by the parties that are subject to the monitoring of the
05:40 regulatory bodies, whether the markets or the medium-sized companies and others, there
05:44 is a need for the use of technology to serve the purpose of the regulatory bodies in
05:50 protecting the financial market.
05:54 Of course, the issue of encrypted assets is still a new issue.
06:00 The ISCO organization issued a document a few days ago, which provides evidence of the
06:06 use of the regulatory bodies that organize these operations, and thus serve the financial