Global Exchanges Set To Boost Corporate Governance

The World Federation of Exchanges has disclosed its commitment to improving corporate governance throughout the entire financial system in 2024.

This was disclosed in a statement signed by the Communications Manager of the WFE, Cally Billimore, recently.

The federation stated that, in 2024, its priorities will focus on fostering efficient market structures that are resilient, robust, fair, transparent and stable amid uncertainty and innovation.

According to WFE, the priorities included, “Fostering better corporate governance in the entire financial ecosystem. At present, scrutiny focuses largely on those entities that are already regulated and within legal parameters.

“The CCPs’ reassurance promise. 15 years on from the biggest financial crisis in living memory, and four years after a global pandemic, central clearing remains the steadying influence in markets. The WFE’s focus in 2024 will be on procyclicality, recovery and resolution and transparency and proportionate capital rules.”

It said this had been the case with creating the WFE Green Equities principles.

"As the WFE’s Market Infrastructure Certificate continues to gather momentum, entering its second year, we’ll focus on rolling out the educational qualifications that will be vital to the next generation of leaders and new technologies, including the evolution of crypto market design, as these new markets begin to grow closer to regulated exchange markets, and the role of AI.

“As the global association for the industry, the WFE unites its members as one voice to work towards achieving these priorities, underpinned by our four strategic pillars of advocacy, education, emerging markets and post-trade," it stated.

According to the Chief Executive Officer of WFE, Nandini Sukumar, “The WFE Board has determined the key priorities and issues we will focus on this year.

“With the WFE’s unique position and global view of market structures, our access to data and information, reinforced by our own analysis & research, and the expertise we have built up through experience, we look forward to engaging with stakeholders in 2024 and championing the role of public markets and market-based finance.”