the interview with the ceo of MCDR -
Dr. Tarrek Abdel Barry
8
In the frames of 7th Onsite Training of FEAS which was hosted by FEAS member Egyptian Exchange, the participants of the training together with the Member Relations Manager of FEAS - Ms. Ani Alikhanyan, had the opportunity to visit also the Misr for Central Clearing, Depository and Registry (MCDR) of Egypt. Here the CEO of MCDR - Dr. Tarrek Ezzat Abdelbary, had a presentation for Training participants and a short interview with FEAS Member Relations Manager.
Read the article below to explore "Why MCDR decided to join FEAS?" "What are the main criteria for its success?" and much more about MCDR.
Good afternoon Dr. Abdel Barry,
Firstly I would like to thank you for welcoming FEAS Onsite Training participants in the premises of MCDR, and for having a very informative and useful presentation for them.
I would like to start our interview with the following question:
This year MCDR has rejoined FEAS community. What are your expectations from FEAS? Why it's important for MCDR to be a part of FEAS?
- MCDR has rejoined FEAS hoping utilizing the world recognition of the FEAS to alter the obsolete concept that CSDs and Exchanges are competitors. Investors must feel the harmony between the two financial entities. They complete each other. Each entity has its own obligations and role in the capital market. Simply Exchanges are trade services provider and CSDs are post trade services provider. This does not waive the fact that both entities need to diverse other sources of revenues other than regular services.
MCDR is one of the oldest Depository Centres in the region. What are the main criteria for its success?
- The main criteria are:
* MCDR commitment towards the services it provides, towards the market and all market players.
* Respecting the different mentalities of different investors.
Investors must feel the harmony between the two financial entities. They complete each other.
Dr. Tarek Ezzat Abdelbary
Managing Director of Misr for Central Clearing, Depository and Registry (MCDR)