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Source: Thomson Reuters.   Last updated on Feb 17, 2019 at 17:08PM (UTC).   Delayed by at least 15 minutes.
ِAmman Stock Exchange Participates in the Working Committee Meeting of the WFE
Jul 23, 2015
The Amman Stock Exchange (ASE) represented by Mr. Nader Azar, the CEO of the ASE participated in the Working Committee (WC) Meeting of the World Federation of Exchanges (WFE) which was held in Kuala Lumpur / Malaysia during July 21-23, 2015. The Meeting was attended by wide participation of exchanges and participants worldwide.
 
During the Meeting, the participants approved the Draft Minutes of the meeting hosted by SIX Swiss Exchange on 26 February 2015 in London. After that; members of WC discussed the update on WC work plan progress for the year 2015 plus membership review committee. Two breakout sessions held during the meeting namely: Risk Mitigation in Highly Automated Markets – presentation from the Japan Exchange Group (JPX) and Anti-Money Laundering (AML) in Asia.
 
Furthermore, members discussed the WFE projects on Emerging Markets and SME Financing. They also discussed the report of the Statistics Advisory Group on the new liquidity indicator “the Median Simple Spread” and the data collected among WFE members. The findings of the WFE survey were presented during the meeting showing that the exchanges see rising investor interest in sustainability. During the meeting; members tackled the opportunities in Islamic Capital Markets. In addition, it was held a Forum titled with “Global Sustainability and Impact Investing” by Bursa Malaysia on July 23, 2015. It was focused on advocating shared values from sustainability and the transformative power of impact investing.
 
Moreover, during the Meeting, Mr. Azar presented on the importance of transforming the ASE into a for-profit shareholding company in line with the Arab and international experiences in this field. He added that changing the legal status of the ASE will provide more flexibility and help it diversify services and products as well as concluding agreements with the regional and international exchanges. Thus, the ASE competence will be enhanced; its liquidity and capacity to attract new investments will be increased.
 
It is worth mentioning that The WFE’s Sustainability Working Group (SWG) was set up in March 2014. Based on the premise that exchanges are well-placed to drive enhanced transparency on sustainability and Environment, Social and Corporate Governance (ESG) issues and to make recommendations to WFE’s membership. SWG has 50 participants worldwide and represents 21 exchanges. SWG provides a private forum for the frank and forthright exchange of views between exchanges on sustainability topics. 

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