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Santo Domingo.– The Superintendent of the Securities Market (SIMV), Ernesto Bournigal Read, presided over the award ceremony of the First Dominican Capital Market Competition, which was organized on the occasion of the institution's 21st anniversary.
Bournigal Read expressed in his speech that “The initiative seeks to impact future generations in a sustained manner over time; therefore, the contest will be launched every year as part of the activities commemorating our anniversary.“.
On this first occasion, the Superintendency of the Securities Market (SIMV) had the collaboration of the Association of Investment Fund Management Companies (ADOSAFI) as a strategic partner of the contest, and the central theme was “Collective Investment Mechanisms”.
The call was addressed to young professionals and university students, who were invited to submit projects based on any of the four established thematic axes: innovation; behavioral economics and finance for investor projection; financial analysis in the stock market and social, environmental and corporate governance commitment.
The competition awards went to the following works, each of which received a recognition plaque and was endowed with RD$200,000:
Firstly, the work “Investment funds in the Dominican Republic: dynamics, determinants and strategies to boost their development”, an academic article submitted under the thematic axis of financial analysis by authors Jorge Eduardo Szabo and Manuel Alberto Pérez.
Another of the selected works is titled “DILIGY: Simple Diligence”, and consists of the design of an innovative and disruptive platform to centralize and automate money laundering prevention processes for stock market participants, presented by Luis A. Hernández, Diego A. Rodríguez and Frank L. Ramírez.
Also awarded was the work “Transforming the capital market: Microlearning and gamification platform for financial education in the Dominican Republic”, an innovative platform designed to educate and motivate users to invest in the stock market, designed by Jean Carlo De León Mercedes.
Superintendent Ernesto Bournigal Read highlighted the important work of the jury, made up of a specialized group of 35 financial sector professionals and distinguished academics, who thoroughly and objectively evaluated the 28 works received from 50 authors.
Meanwhile, Santiago Sicard, executive president of ADOSAFI, highlighted the importance of this contest that seeks to educate and interest young Dominicans to actively participate in the stock market, through investment funds or other products, and benefit from this financial service that is available to everyone and allows financing companies and projects that develop the economy, contribute to the country and multiply wealth.
During the awards ceremony, Bournigal Read was accompanied by officials from SIMV and the Central Bank of the Dominican Republic, as well as members of the jury and participants.
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