Demetra Kalogerou, the leader of the retail FX industry’s most influential regulator, speaks exclusively with Forex Magnates about restoring Cyprus' credibility, regulating Binary options and Social Trading.
With Cyprus solidly positioned as a Forex epicenter, its regulatory authority holds great deal of importance for the industry, and should be of interest to everyone in the global FX and binary option retail space.
In a special interview with Forex Magnates, Ms. Demetra Kalogerou, Head of the Cyprus Securities and Exchange Commission (CySEC), discusses the way she perceives the regulatory role, the efforts to restore the island's credibility after the banking crisis and much more.
While other regulator are focusing on defending the local industry against global players, Ms. Kalogerou's top priority is safeguarding investors. "This is the ultimate objective and it is the key determinant, our 'compass' if you will, for all of ouractions and decisions," says the Head of the CySEC, which has recently tightened its reporting regime in accordance with European standard.
However, Ms. Kalogerou cites recent European measures as an indicator for a broader conception: "The Commission proposal on European long-term investment funds (ELTIF), shows that Europe contemplates the role of national regulators with regard not only in terms of investor protection, but also to growth through financing and the creation of new jobs.
Therefore, it is maybe more suitable to consider the role of national financial regulators in a more “holistic” manner, in which multiple objectives are pursued simultaneously and various policies and tools are subsequently developed."
Ensuring Protection
Assessing the current state in Cyprus in light of the crisis, Ms. Kalogerou is convinced that the government's action has helped restore credibility. "The vast majority of the entities supervised by the CySEC have expressed that they do not wish to withdraw their business from Cyprus," she says, "Furthermore, they have voiced their willingness to work together with the authorities in alleviating any challenges affecting the operation of the market."
As the leader of the Cypriot watchdog, another issue on the table for Ms. Kalogerou is social and copy trading, increasingly popular trading methods, both with an uncertain status. Regulators such as the FCA are still mulling whether these forms of trading should be considered a sort of investment advice or even portfolio management before implementing regulation.
It seems that in Cyprus too, the regulation authority still has not set a clear policy. "We will continue to monitor practice and collect information on social and copy trading which is necessary before market policies are formulated," says Ms Kalogerou, who once more expressed her primary concern, namely, "Ensuring the protection of the investors."
With Cyprus solidly positioned as a Forex epicenter, its regulatory authority holds great deal of importance for the industry, and should be of interest to everyone in the global FX and binary option retail space.
In a special interview with Forex Magnates, Ms. Demetra Kalogerou, Head of the Cyprus Securities and Exchange Commission (CySEC), discusses the way she perceives the regulatory role, the efforts to restore the island's credibility after the banking crisis and much more.
While other regulator are focusing on defending the local industry against global players, Ms. Kalogerou's top priority is safeguarding investors. "This is the ultimate objective and it is the key determinant, our 'compass' if you will, for all of ouractions and decisions," says the Head of the CySEC, which has recently tightened its reporting regime in accordance with European standard.
However, Ms. Kalogerou cites recent European measures as an indicator for a broader conception: "The Commission proposal on European long-term investment funds (ELTIF), shows that Europe contemplates the role of national regulators with regard not only in terms of investor protection, but also to growth through financing and the creation of new jobs.
Therefore, it is maybe more suitable to consider the role of national financial regulators in a more “holistic” manner, in which multiple objectives are pursued simultaneously and various policies and tools are subsequently developed."
Ensuring Protection
Assessing the current state in Cyprus in light of the crisis, Ms. Kalogerou is convinced that the government's action has helped restore credibility. "The vast majority of the entities supervised by the CySEC have expressed that they do not wish to withdraw their business from Cyprus," she says, "Furthermore, they have voiced their willingness to work together with the authorities in alleviating any challenges affecting the operation of the market."
As the leader of the Cypriot watchdog, another issue on the table for Ms. Kalogerou is social and copy trading, increasingly popular trading methods, both with an uncertain status. Regulators such as the FCA are still mulling whether these forms of trading should be considered a sort of investment advice or even portfolio management before implementing regulation.
It seems that in Cyprus too, the regulation authority still has not set a clear policy. "We will continue to monitor practice and collect information on social and copy trading which is necessary before market policies are formulated," says Ms Kalogerou, who once more expressed her primary concern, namely, "Ensuring the protection of the investors."
Retail Broker Acetop UK Quadruples 2023 Revenue, Significantly Narrows Losses
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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