In this era of technological breakthroughs and radical innovation, MAP could not have chosen a more timely and relevant theme for its activities this year. BSP’s planned game changing reforms and initiatives align with your theme. “Competing in the age of disruption.” I like that. It shows 2/5  BIS central bankers' speeches  foresight.
Beginning with this workshop, therefore, work on reforming the Primary Dealer System has started and you will be introduced to new guidelines that will control the system. Primary Dealers are financial intermediaries who promote investment in issued securities. In the developed securities market a Primary Dealer is licensed only after a long period as a demonstrated participant.