Annual General Meeting of the Treasury Markets Association
The Treasury Markets Association (TMA) held its twelfth Annual General Meeting today (Thursday). At the meeting, Mr Howard Lee, the Chairman of the TMA Executive Board and Deputy Chief Executive of the Hong Kong Monetary Authority (HKMA), reported that the Association continued to make progress in 2017 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 Association continued to enhance the robustness and credibility of Hong Kong’s interest-rate and FX benchmarks in 2017. To promote good practice in the FX market, the Association joined the Global Foreign Exchange Committee last year and incorporated the FX Global Code into the FX part of the TMA Code of Conduct. In addition, in partnership with the HKMA, the Association has taken over the administration of the Enhanced Competency Framework for Treasury Management since January 2018, with a view to enhancing the professional competence of Hong Kong’s market practitioners.
“In the coming year, the Association, together with market participants, will seek to explore opportunities arising from the Belt-and-Road Initiative and Guangdong-Hong Kong-Macao Greater Bay Area in order to further strengthen Hong Kong’s status as an international financial centre,” added Mr Lee.
At the end of 2017, the TMA had 74 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 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
21 June 2018