LSEG Selected by Banque Centrale de Mauritanie for Financial Modernization Project

(IN BRIEF) London Stock Exchange Group (LSEG) has been chosen as a strategic partner by the Banque Centrale de Mauritanie (BCM) for its Financial Infrastructure Modernization Programme, funded by the African Development Bank. This initiative aims to modernize Mauritania’s financial sector by upgrading primary and secondary trading workflows and infrastructure. It includes improvements in auctions, interbank trading, price discovery, and market surveillance, while also providing enhanced reporting capabilities to the central bank. The collaboration is seen as a significant step in enhancing Mauritania’s financial market and its integration into the global financial system, with the potential to drive efficiency, reduce risks, and improve transparency.

(PRESS RELEASE) LONDON, 14-Dec-2023 — /EuropaWire/ — London Stock Exchange Group plc (LSEG) announces that it has been selected by the Banque Centrale de Mauritanie (BCM) to play a pivotal role in its Financial Infrastructure Modernization Programme, funded by the African Development Bank.

This ambitious project aims to revolutionize Mauritania’s financial landscape by modernizing its primary and secondary trading workflow and infrastructure. The transformation will encompass various aspects, including auctions, interbank trading, price discovery, and market surveillance. Furthermore, it will introduce robust reporting capabilities for the central bank.

Mr. Mohamed Lemine DHEHBY, Governor of the Banque Centrale de Mauritanie (BCM), expressed, “Our partnership with LSEG marks a significant step in the ongoing enhancement of Mauritania’s financial market. The Financial Infrastructure Modernization Program will bolster the market’s capabilities and facilitate its seamless integration into the global financial system.”

Nadim Najjar, Managing Director, Central and Eastern Europe, Middle East, and Africa at LSEG, commented on the collaboration, saying, “We are delighted to have been chosen by the Banque Centrale de Mauritanie to support them in this important journey. The implementation of advanced technology and streamlined processes is expected to drive efficiency, reduce risks, and enhance transparency. This will ultimately benefit the entire financial community and enable Mauritania to be more competitive on the international stage.”

Media contacts:

Tarek Fleihan
‏Global Communications
‏London Stock Exchange Group
+971562162575
‏Tarek.fleihan@lseg.com

About BCM

The Central Bank of Mauritania (BCM) is Mauritania’s national monetary institution, responsible for formulating and implementing monetary policy.

BCM established by law W 73-118 of May 30, 1973, operates as an autonomous public institution with a pivotal role in ensuring price stability and overseeing monetary and exchange policies within the country.

The BCM diligently manages monetary issuance, foreign exchange reserves, and the payment system, while also

About LSEG

LSEG (London Stock Exchange Group) is a leading global financial markets infrastructure and data provider, playing a vital social and economic role in the world’s financial system.

With our open approach, trusted expertise and global scale, we enable the sustainable growth and stability of our customers and their communities. We are dedicated partners with extensive experience, deep knowledge and a worldwide presence in data and analytics; indices; capital formation; and trade execution, clearing and risk management across multiple asset classes.

LSEG is headquartered in the United Kingdom, with significant operations in 70 countries across EMEA, North America, Latin America and Asia Pacific. We employ 23,000 people globally, more than half located in Asia Pacific. LSEG’s ticker symbol is LSEG.

SOURCE: LSEG

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