The harmonization of stock market regulations and trading practices that would accompany any regionalization of exchanges could deepen regional integration more broadly in policy areas such as foreign exchange, taxation, accounting standards, corporate governance and legal practices. I am aware that SADC exchanges have been working toward adopting a common framework for clearing and settlement.
Among other options under consideration are the establishment of a linked network of individual Central Depository Systems tailored to the specific needs of member exchanges. I hope that the Committee of SADC Stock Exchanges is also drawing up common standards for all stockbrokers operating in the SADC region.