Manama:Bahrain Clear has announced a new initiative to enhance its central securities depository and clearing operations, aligning with international standards and global best practices. The program includes appointing Seven Pillars Consultancy as an independent adviser to evaluate Bahrain Clear's operations and develop a strategic roadmap for future enhancements in its post-trade infrastructure.
According to Bahrain News Agency, the announcement was made during the Gateway Gulf 2026 event, attended by notable figures such as Yusef AlYusef, Chairman of Bahrain Bourse; Shaikh Khalifa bin Ebrahim Al Khalifa, Chairman of Bahrain Clear; and representatives from Seven Pillars Consultancy, including Khaldoun Al-Tabtabaie and Abdullah AlSenan.
The initiative aligns with the Capital Market Development Plan (2026-2028), aiming to introduce new services and instruments to boost the efficiency and competitiveness of Bahrain's capital market. It involves a thorough review of Bahrain Clear's operations, regulatory compliance, and technology infrastructure, resulting in prioritized recommendations and a detailed implementation roadmap.
Shaikh Khalifa bin Ebrahim Al Khalifa emphasized that appointing an independent adviser is a significant move in Bahrain Clear's efforts to improve its post-trade infrastructure. This engagement aims to conduct a comprehensive assessment, identify development opportunities, and enhance efficiency, resilience, and market confidence.