On 24 November 2022, more than 300 financial sector professionals. CEOs and investment analysts gathered at the 1st Annual Financial Markets Forum in Limassol. The event focused on the development of financial markets in an era of de-globalization and digitalization.
In their presentations, the speakers elaborated on the main trends dominating the global financial industry.
The agenda also included the following topics:
- Anticipated changes in regulatory frameworks and international business models
- Financial transactions under complex sanctions regimes
- Industry facing technologically advanced financial crimes, digitalization of internal monitoring in regulated financial institutions and new EU Authority for Anti-money laundering
- Which sectors will be promising for investors in the next 3-5 years in the global market
- The energy crisis and possible responses
- IPOs of technology companies in the US
The forum was opened by the Minister of Finance of Cyprus, Mr. Constantinos Petrides, speaking on a number of issues, including recent economic developments, the evolution of the financial sector, growth prospects, as well as the ongoing energy crisis and soaring inflation.
He noted that the Cypriot government has the necessary resources and the will to differentiate its production model to develop innovative sectors of the economy. “Cyprus has the necessary infrastructure and potential to become the financial center of the South East Mediterranean. We are getting closer and closer to this goal. This is evidenced by the growing amount of investment coming into the country. We expect that today’s forum will become a permanent meeting place for professionals in the coming years and will contribute to an even greater increase in investment flows”.
In his speech, Mr. Timur Turlov, head of Freedom Holding Corp. and founder of Freedom Finance Europe, stressed that the development of innovative financial technologies is particularly important in the context of instability and inflationary pressures in the global economy. “The market reversal will happen faster than everyone expects. Moments of uncertainty present interesting opportunities for long-term investors. Historically, every bearish trend is followed by a rise in stock prices to new highs. This attracts new retail investors to the market”, he said.
Representatives of Fincap Advisors, Skanestas, Leon Family Office, A.G. Paphitis & Co and Sumsub also addressed the forum. In addition to representatives from Cyprus, delegates and journalists from Greece, Belgium, the Baltic States, Kazakhstan and Ukraine attended the event.
“We are extremely satisfied with the results of the Forum. Next year we plan to expand the programme, attract new speakers and take it to the next level”, said Evgeniy Tyapkin, chairman of the forum organising committee and executive director of Freedom Finance Europe. “See you at the Forum in 2023!”
Sources: https://tradernet.com/news/13281-first-annual-financial-markets-forum-held-limassol
