The Central Bank of Uzbekistan held a meeting with representatives of the regulator, the Central Securities Depository, and Nico Stais, an independent member of the Depository's Supervisory Board.
Participants discussed the current transformation of the Central Depository, its development strategy, and priorities aimed at further improving the post-trade settlement infrastructure in the securities market of Uzbekistan.
Nico Stais has nearly thirty years of international experience in securities market services and post-trade operations. He currently heads the asset management function at Clearstream Services, based in Prague and part of the Deutsche Börse Group.
As an independent member of the Supervisory Board, he also contributes to the development of the Central Depository using his professional international experience.
The meeting covered the Depository's current activities and organizational development, as well as infrastructure tasks necessary for the further growth of the securities market. Particular attention was paid to the development of the secondary market, expanding cooperation with international custodian organizations, and improving foreign investors' access to the Uzbek market.
The parties also discussed the development of specific infrastructure projects within a unified and interconnected ecosystem. Nico Stais emphasized the importance of evaluating proposed solutions from an international perspective and considering various operational scenarios at the early stages of their creation.
During the meeting, the need for continuous improvement of post-trade settlement infrastructure to ensure stability and continuity of settlements, as well as effective asset management, was noted. At the end of the meeting, the parties agreed to continue cooperation and dialogue with Nico Stais regarding the further development of the Central Depository.
