Abu Dhabi Securities Exchange (ADX) announced that it has become a member of The Institute of International Finance (IIF). ADX is the first stock market in MENA region to join IIF membership.
The new membership reaffirms the keenness of ADX for its operational practices to conform to those of the global financial markets. In addition, the new membership demonstrates ADX’s commitment to promote financial stability and growth in the emirate by maintaining the highest standards of practice in financial services as part of its commitment to Abu Dhabi Plan and towards the continuous development of financial performance. The membership also comes as a recognition from the Institute of International Finance of the achievements of the Exchange in terms of contributing to the promotion of capital market capabilities in the UAE.
Membership in the IIF will provide ADX with the opportunity to benefit from the economic and financial research and analysis provided by the Institute to its members as the Institute offers comprehensive assessment of the global outlook with a focus on key emerging economies, timely analysis of capital flows to emerging markets and developments in international financial markets. Consequently allowing ADX to achieve one of its main priorities in the Abu Dhabi Plan, which is contributing to the development of the financial services sector in the emirate. It will also enable ADX to promote the investment opportunities available in the emirate in general and ADX in particular at the international level through continuous communication with members of the Institute of asset managers and investment funds.
The Institute of International Finance is the global association of the financial industry, with close to 500 members from 70 countries. Its mission is to support the financial industry in the prudent management of risks; to develop sound industry practices; and to advocate for regulatory, financial and economic policies that are in the broad interests of its members and foster global financial stability and sustainable economic growth. IIF members include commercial and investment banks, asset managers, insurance companies, sovereign wealth funds, hedge funds, central banks and development banks.
The IIF is the leading voice for the financial services industry on global regulatory issues. It engages constructively with global standard setters and policymakers through formal submissions and reports, as well as through regular dialogue and high-level symposia.
