Annual General Meeting of the Treasury Markets Association
The Treasury Markets Association (TMA) held its eleventh Annual General Meeting today (Tuesday). At the meeting, Mr Howard Lee, the Chairman of the TMA Executive Board and Senior Executive Director of the Hong Kong Monetary Authority (HKMA), reported that the Association continued to make major progress in 2016 in enhancing the professionalism of Hong Kong’s treasury market practitioners and the competitiveness of Hong Kong’s treasury markets.
Mr Lee said that “the TMA played a central role in 2016 in ensuring the robustness and credibility of Hong Kong’s financial benchmarks. The Association also continued to contribute to the global initiative in establishing a single set of principles of good practices for the wholesale FX market, i.e. the FX Global Code. In addition, the Association reviewed the individual components of its Professional Qualification Framework and proposed changes to its Level 2 training, a work which helps enhance the professional competence of our market participants in serving their corporate clients.”
“In the coming year, the TMA will continue to focus on strengthening the synergies of renminbi business, Belt-and-Road, Corporate Treasury Centre and Islamic finance, enhancing market transparency as well as robustness and creditability of financial benchmarks, and building Hong Kong financial market’s human capital, with a view to consolidating Hong Kong’s status as an international financial centre,” added Mr Lee.
At end 2016, the TMA had 75 institutional members including banks, asset managers, money brokers and major corporations, and over 1,400 individual members working in various segments of the treasury markets.
Chief Executive of the HKMA, Mr Norman T. L. Chan, continues to serve as the Honorary President of the Council, and Mr Howard Lee was re-elected as the Chairman of the Executive Board.
For more information, please refer to the TMA’s website at www.tma.org.hk.
Treasury Markets Association
20 June 2017