West African securities body holds executive council meeting in Morocco

The West African Securities Regulators Association (WASRA) held its fourth executive council meeting on Tuesday, 23rd January 2018 in Rabat, Morocco on the sidelines of the fortieth annual meeting and conference of the African Middle East Regional Committee (AMERC) of the International Organisation of Securities Commissions (IOSCO).

The meeting, which was in continuation of efforts towards building an enduring regulatory framework for the integration of the capital markets in the West African sub-region, held with the full attendance of all the members of the council.

The session, chaired by Mory Soumahoro, executive secretary of Le Conseil Regional de l’Epargne Publique et des Marches Financiers (CREPMF) Abidjan, focused on important issues including a review of the association’s charter to reflect current market dynamics to meet emerging realities and improved liaison between the association and stakeholders, including the Economic Community of West African States (ECOWAS), West African Capital Market Integration Council (WACMIC) and West African Monetary Institute, towards ensuring the required inclusiveness for a successful integration process; harmonization of the regulatory framework of member states for ease of cross border transactions and supervision, and capacity building.

Other members present at the meeting were, Abdul Zubair, Daniel Ogbarmey Tetteh, the chief executive officers of the Securities and Exchange Commissions of Nigeria and Ghana, respectively.