Malawi governor announces plans for central depository system
New system will provide security for transactions taking place in the market, Chuka says
The governor of the Reserve Bank of Malawi has announced the bank will be establishing a central securities depository system for corporate equity and debt instruments next year.
Speaking at the 20th anniversary of the Malawi Stock Exchange, Charles Chuka explained the system will provide electronic issuance and custody of financial instruments to enable "efficiency, reliability and security" of the transactions in the market.
This project, along with the government's initiative to automate
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