Market harmonisation in Africa: a community in action
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Welcome to your 2009 African regional conference in Marrakech, Morocco.
The global financial industry is in the midst of unprecedented and challenging times. Changes in market conditions drive a very different economic climate which places an increasing emphasis on the importance on risk management, cost reduction and beckons the need to accelerate market harmonisation in Africa. The pressure to remain profitable and to adopt sustainable business models are firmly on everyone’s agenda.
To this end, the theme for this year’s conference is “Market harmonisation in Africa: a community in action”.
After years of impressive growth, Africa’s economies are slowing as the impact of the global financial crisis continues to unfold. This said, Africa is seeking ways in which to capitalise on the opportunities the crisis also holds. More than ever, the African financial community is committed to its ambition to invest in financial integration and reform payment systems to grow cross-border trade and foreign investments. The building blocks for growth are well established with the launch of many regional initiatives such as SADC, WAMZ, EAC, BEAC, BCEAO and COMESA, and provide a sustainable foundation for the future.
What is the infrastructure footprint required to support regional initiatives? In light of the global economic crisis, how can the local community optimise regional expertise and knowledge? What are the lessons that have been learnt in 2008 and what are the new challenges that have emerged? How can regional banks and financial institutions position themselves to take advantage of this changing financial landscape?
These questions and more will be explored during the conference through an array of plenary and work sessions; resulting in critical dialogue and practical insights into how as a community we can address market challenges.
Join us for your annual regional conference in Africa. This is the event where you can hear the views of key spokespersons from the financial industry, learn and share your views across those topics that are most relevant to your organisation and the African community as a whole.
We look forward to meeting you in Marrakech.
Javier Pérez-Tasso
Head of Western Europe, Middle East and Africa, SWIFT
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