Many members have agreed to form formal working groups to engage with each other on important issues, such as industry regulation, Treasury and ALM activity, money market liquidity, etc. Also, often regional working groups are formed when communication needs to take place across borders in a non-partisan way.
Ìý
​
​
Board of Education (BoE)
Education Matters!
The Board of Education (BOE) is responsible for and advises аÄÃÅÁùºÏ²Ê¹ÙÍø’s Executive Board on all decisions concerning formal education within аÄÃÅÁùºÏ²Ê¹ÙÍø that is of an international nature. It proposes an ongoing strategy, defines the format and content, and also implements a marketing and communication policy of аÄÃÅÁùºÏ²Ê¹ÙÍø’s education and examination program.
The BOE evaluates publications and study materials to be published under the аÄÃÅÁùºÏ²Ê¹ÙÍø logo or in relation to аÄÃÅÁùºÏ²Ê¹ÙÍø’s examinations, monitors examination centres or the relationship with the supplier of examination centres. It is an advisory body for all education matters of a domestic (national) nature. It advises all local аÄÃÅÁùºÏ²Ê¹ÙÍø associations in the organisation of International Dealer Seminars and oversees the relationships with Academic partners.
Missions Statement
аÄÃÅÁùºÏ²Ê¹ÙÍø’s education mission is to promote the highest global standards of professionalism, competence and ethics in activities and products in financial markets through ongoing educational programs and examinations.
Members of the BoE
Title | Name | Company | аÄÃÅÁùºÏ²Ê¹ÙÍø Member / Country |
---|---|---|---|
Chair | Rui Correia | аÄÃÅÁùºÏ²Ê¹ÙÍø FMA | аÄÃÅÁùºÏ²Ê¹ÙÍø FMA |
Vice-Chair | Elena Trimceska | Grant Thornton | аÄÃÅÁùºÏ²Ê¹ÙÍø FMA |
Member | Chris Howlett | аÄÃÅÁùºÏ²Ê¹ÙÍø Australia | аÄÃÅÁùºÏ²Ê¹ÙÍø Australia |
Member | Daniel Varni | Dreyfus Söhne & Cie AG, Banquiers | аÄÃÅÁùºÏ²Ê¹ÙÍø Suisse |
Member | Gavriela Fraseri | аÄÃÅÁùºÏ²Ê¹ÙÍø FMA | аÄÃÅÁùºÏ²Ê¹ÙÍø FMA |
Member | Kennedy Bwalya | First Capital Bank | аÄÃÅÁùºÏ²Ê¹ÙÍø Zambia |
Member | Lloyd Shamu | CBZ Bank Limited | аÄÃÅÁùºÏ²Ê¹ÙÍø Zimbabwe |
Member | Martin Runo | SBM Bank | аÄÃÅÁùºÏ²Ê¹ÙÍø Kenya |
Member | Michael Guarino | аÄÃÅÁùºÏ²Ê¹ÙÍø Americas | аÄÃÅÁùºÏ²Ê¹ÙÍø Americas |
Member | R Ravichandran | FMA Singapore | FMA Singapore |
Member | Ranya Moosa Alaraj | Arab Bank plc | аÄÃÅÁùºÏ²Ê¹ÙÍø Jordan |
Member | Sharma Rambocus | Dinosaur Merchant Bank Limited | аÄÃÅÁùºÏ²Ê¹ÙÍø United Kingdom |
Member | Sladjana Sredojevic | Association of Serbian Banks | аÄÃÅÁùºÏ²Ê¹ÙÍø Serbia |
Member | Tamer Khalifa | Arab African International Bank | аÄÃÅÁùºÏ²Ê¹ÙÍø Egypt |
Ìý
Digital Assets Committee (аÄÃÅÁùºÏ²Ê¹ÙÍø DAC)
Ìý
The аÄÃÅÁùºÏ²Ê¹ÙÍø DAC has been established to provide leadership and support to the membership, specifically:
- To monitor changes and engagement within Regulatory regimes;
- To monitor progress on Central Bank Digital Currencies (CBDCs) as well as on other stablecoins such as Tether, Circle and Algo stablecoins;
- To support the development of suitable ELAC (аÄÃÅÁùºÏ²Ê¹ÙÍø FMA E-Learning, Attestation and Certification Portal) materials to enable the membership to broaden their skill set to encompass this new technology and Asset Class.
Terms of reference of the аÄÃÅÁùºÏ²Ê¹ÙÍø DAC
- аÄÃÅÁùºÏ²Ê¹ÙÍø DAC Terms of Reference (version 22 May 2022)
Questions raised for discussion
1. How will the Crypto community view this initiative?
аÄÃÅÁùºÏ²Ê¹ÙÍø is an individual member-based organisation, our purpose is to provide information, operational frameworks and educational to them. We have invited Global Digital Finance (GDF) represented here by Lawrence and Teana to also bring this outside perspective.
At present, GDF has 3 parts of the GDF Code ratified with the community:
- Part 1: Overarching Principles for Cryptoassets Participants
- Part 2: Principles for Token Sales
- Part 3: Principles for Trading Platforms
They have two additional sets of principles in open consultation now, which will close on 31 January and will brought the the community for discussion and possible ratification at our next Mini Summit on 20 February:
- Part 4: Principles for Cryptoasset Funds and Fund Managers
- Part 5: Principles for Token Comparison and Rating Websites
More information:ÌýÌýandÌý
2. What is the Association Digital Asset Markets (ADAM) and how does it align with аÄÃÅÁùºÏ²Ê¹ÙÍø DAC and GDF?
Both ADAM and GDF are corporate or entity member organisations. Their purpose is therefore different but compatible with our own. I will ask Lawrence and Teana to put this into their own words and also give us some background on ADAM and any other Industry initiatives at the meeting.
More information:Ìý
3. More broadly beyond Lawrence and Teena from GDF how is the group composed?
We have put together a group that has real professional regulatory experience (Anne and Nigel), Buy side market knowledge (Bob and Rebecca) and Sell Side/Broker experience (Caspar and Simon). David, Stephane and myself bring the working knowledge of аÄÃÅÁùºÏ²Ê¹ÙÍø committee structures along with many years on both the Sell side and electronic platforms that straddle both.
4. How does crypto fit with Regulation?
Traditional assets tend to be regulated in Silo’s (Securities, FX, Metals …) bit with Crypto, the Asset is both a new class and a re-invention of existing classes. STO’s are securities that are tokenized. Please see attached the FCA Guidance that Rebecca sent around.
Our focus is on the Wholesale Markets or OTC and the practitioners therein. Today this does not really exist for Crypto but as it grows and evolves, we all expect one to develop. This is a forward leaning initiative which intends to prepare and inform our members.
5. Why do a White Paper? What is envisaged here?
This White Paper from SIX (Swiss Stock Exchange operator) is interesting because it researches future scenarios and ranks them in terms of most likely to occur. It then accesses the impact and market infrastructure requirements of each scenario. In effect it is an open call for the organization to be prepared. The authors hope the information contained within is valuable but also hope that the broader community will point out it’s failings and where it can be improved. In other words, it's a tool for engagement that goes beyond the walls of the entity.
Members of the аÄÃÅÁùºÏ²Ê¹ÙÍø DAC
Title | Name | Title | Company | Ìý |
---|---|---|---|---|
Chair | Alan Scott | CEO & Founder | Smart Money Dealing | Ìý |
Vice-Chair | Ramy Soliman | President and Head of BD | GMO | Ìý |
Member | Rebecca Venis | Associate Director | Record Currency Management | Ìý |
Member | Anne Pounds | Senior Executive | AEP Associates | Ìý |
Member | Lawrence Wintermeyer | Co-Chair | GDF | Ìý |
Member | Madeleine Boys | Secretary | GDF | Ìý |
Member | Stephane Malrait | MD Global Head | ING | Ìý |
Member | Caspar Marney | Founder / Managing Director | Velador Associates | Ìý |
Member | Nigel Brahams | Partner | Collyer Bristow LLP | Ìý |
Member | Robin Henry | Partner and Head of Dispute Resolution | Collyer Bristow | Ìý |
Member | Cameron Dickie | Head of EMEA Sales | Laser Digital | Ìý |
Member | Martin Gymer | CEO / Founder | FX Sales | Ìý |
Member | Patrick Heusser | MD Senior Trader | G20 Advisors | Ìý |
Member | Luke Marriott | Global Head of eFICC | ANZ | Ìý |
Member | Josef Jericha | Senior Dealer | CSOB | Ìý |
Member | Mpumi Ngwenya | Financial Markets Specialist | South African Reserve BankÌý | Ìý |
Member | Ritish Dutta | MD Markets and Asset Management | Seba | Ìý |
Member | Mike Schwitalla | Head of Trading | Crypto Finance | Ìý |
Member | Nsajigwa Kasyanju | Senior Global Markets Trader | CRDB Bank | Ìý |
Forex Exchange Committee (FXC)
Forex Exchange Committee Mission Statement
- To inclusively represent the entire professional FX Market, including in the membership of аÄÃÅÁùºÏ²Ê¹ÙÍø all Professional Market Participants (PMP’s), who, based on the principle of personal integrity, will individually uphold the values of the FX Global Code.
- The committee to be focused on and comprised of FX Experts who will support both the Executive Board and Regional аÄÃÅÁùºÏ²Ê¹ÙÍø’s and ensure that the views of the professional FX community are heard at the highest levels, in co-operation with other associations that have an FX voice when applicable.
- The аÄÃÅÁùºÏ²Ê¹ÙÍøFXC to work in concert with regulators and other FXC’s to promote a common global, orderly and transparent FX market and to lobby on regulatory issues as required. To recommend best practices and changes to the FX Global Code as and when necessary from a professional FX market perspective.
- The аÄÃÅÁùºÏ²Ê¹ÙÍøFXC will fully represent current and future trading styles and execution choices available to the FX markets professional participants and will actively facilitate the development of Regional Foreign Exchange Markets and their integration into the global marketplace.
Members of the FXC
Title | Country | Name | Financial Institution | Ìý |
---|---|---|---|---|
Chair | UK | John Estrada | Societe Generale Corporate and Investment Banking - SGCIB | Ìý |
Vice-Chair | UK | Jonathan Healey | Ìý | Ìý |
Observer | UK | Stephane Malrait | ING | Ìý |
Member | UK | David Woolcock | Derivative Consulting Ltd. | Ìý |
Consultant | Belgium/UK | Stefan Hamberger | CA-CIB | Ìý |
Member | Israel | Sergey Romanchuk | Metallinvestbank | Ìý |
Member | UK | Anne-Maria Rothenstein | Lysis Group / Themis Interim Management | Ìý |
Member | UK | Asif Razaq | BNP Paribas | Ìý |
Member | UK | Bob Noyen | Record Currency Management | Ìý |
Member | UK | Alan Scott | Smartmoney | Ìý |
Buy side | The Netherlands | Tjerk Methorst | PGGM | Ìý |
Member | Greece | Lina Charitoudi | Piraeus Bank | Ìý |
Member | UK | Simon Bevan | ING | Ìý |
Member | Australia | Luke Marriott | Australia and New Zealand Banking Group | Ìý |
Member | Africa | Nsajigwa Kasyanju | CRDB Bank | Ìý |
Member | UK | Sam Horowitz | CMC Markets | Ìý |
Member | Denmark | Jørn Luffe Sodborg | аÄÃÅÁùºÏ²Ê¹ÙÍø Denmark / Jyske Bank | Ìý |
Member | France | Philippe Jeanne | Groupe BPCE | Ìý |
Member | UK | Caspar Marney | Velador Associates Ltd. | Ìý |
Member | UK | Andrew Brodie | Bank of America | Ìý |
Member | UK | Jeffery Roberts | CME Groups | Ìý |
Member | UK | Chris Cox | BNP Paribas | Ìý |
Member | UK | Liam Crellin | Natwest Markets Plc | Ìý |
Member | Australia | Colin Lambert | аÄÃÅÁùºÏ²Ê¹ÙÍø Australia | Ìý |
Member | UK | Peter Bollier | Basler Kantonalbank (BKB) | Ìý |
Member | Hong Kong | Abdul Munim | HSBC | Ìý |
Member | Zimbabwe | Lloyd Shamu | CBZ Bank | Ìý |
Investment Committee (IC)
The inaugural meeting of the аÄÃÅÁùºÏ²Ê¹ÙÍø FMA Investment Committee took place on February 1, 2024. During this meeting, Alan Strapart, аÄÃÅÁùºÏ²Ê¹ÙÍø FMA Treasurer, was nominated by the members as Chair of the Investment Committee.
Members of the IC
Title | Name | Company | Role | аÄÃÅÁùºÏ²Ê¹ÙÍø Member / Country |
---|---|---|---|---|
Chair | Franck Hebeisen | аÄÃÅÁùºÏ²Ê¹ÙÍø FMA | аÄÃÅÁùºÏ²Ê¹ÙÍø FMA Treasurer | аÄÃÅÁùºÏ²Ê¹ÙÍø FMA |
Member | Stephane Malrait | аÄÃÅÁùºÏ²Ê¹ÙÍø FMA | аÄÃÅÁùºÏ²Ê¹ÙÍø FMA Chairman | аÄÃÅÁùºÏ²Ê¹ÙÍø FMA |
Member | Kim Winding Larsen | аÄÃÅÁùºÏ²Ê¹ÙÍø FMA | аÄÃÅÁùºÏ²Ê¹ÙÍø FMA President | аÄÃÅÁùºÏ²Ê¹ÙÍø FMA |
Member | Mohammad Bdair | Palestine Islamic Bank | Head of Treasury & Investment | аÄÃÅÁùºÏ²Ê¹ÙÍø Palestine |
Member | Omar Mohammed Khattab | Arab African Investment Holding | Chairman | аÄÃÅÁùºÏ²Ê¹ÙÍø Egypt |
Member | Jack Loh | ING | Managing Director, APAC Head of Corp. Sector Coverage | FMA Singapore |
Money Market & Liquidity Working Group (MMLWG) merged with European Money Market Expert Committee (EMMEC)
The аÄÃÅÁùºÏ²Ê¹ÙÍø FMA Money Market & Liquidity Working Group (MMLWG), originally founded at the аÄÃÅÁùºÏ²Ê¹ÙÍø Milan Congress in July 1999, has been integrated and merged into the European Money Market Expert Committee (EMMEC) as of March 2023. The EMMEC operates under the European Money Markets Institute (EMMI). The EMMEC is a forum for interaction between money market professionals that represent national associations in Europe, being active in financial markets with particular expertise in short-term money markets.
The objective of the EMMEC is to exchange views and knowledge as well as share best practices related to important topics including (but not limited to) market liquidity, treasury, payment and settlement, market infrastructures, regulation, trends, and evolutions in financial markets.
Frederic Pailloux, the former Chair of the аÄÃÅÁùºÏ²Ê¹ÙÍø FMA Money Market & Liquidity Working Group (MMLWG), presently holds the position of Chair for the European Money Market Expert Committee (EMMEC).
Please find the list of members, which includes representatives from national associations from Austria, Belgium, Denmark, France, Finland, Germany, Ireland, Italy, Luxembourg, the Netherlands, Spain, and Switzerland, in addition to observers and the EMMEC Secretariat.
More details can be found on the аÄÃÅÁùºÏ²Ê¹ÙÍø FMA website: /index.php/news/european-money-market-expert-committee-interview-spot-forward-emmec
The EMMEC is scheduled to convene a maximum of four times per year and, for detailed information, you can access the Committee's Terms of Reference .
For further details regarding the EMMEC, please visit the official EMMI website at:
Regulatory Working Group (RWG)
Members of the RWG
Title | Country | Name | Institution |
---|---|---|---|
Chair | United Kingdom | Anne-Maria Rothenstein | Lysis Group / Themis Interim Management |
Vice-Chair | Singapore | John Ho Hee Jung | Standard Chartered Bank |
Member | Denmark | Kim Winding Larsen | аÄÃÅÁùºÏ²Ê¹ÙÍø FMA President |
Member | Czech Republic | Josef JerichaÌý | Financial Markets Association of the Czech Republic |
Member | Czech Republic | Milos Smaha | Financial Markets Association of the Czech Republic |
Member | United States | John Drohan | Drohan Lee |
Member | Switzerland | Martin Liebi | Ìý |
Member | The Netherlands | Roland Knibbe | ABN AMRO BANK NV |
Member | The Netherlands | Frank Beset | Rabobank |
Member | United Kingdom | Peter Massey-Cook | Monex Group |
Member | Denmark | Helle Søby Thygesen | Finance Denmark |
Member | Romania (аÄÃÅÁùºÏ²Ê¹ÙÍø) | Florin Bota-Avram | Banca Transilvania Cluj Napoca |
Member | Indonesia | Nisha Asha Bhambhani | PT Bank HSBC Indonesia |
Member | Botswana | Reetsang Taudi | FNB Botswana |
Regulatory Working Group Documents
10 February 2016: The European Commission extends by one year the application date for MiFID II package.
Please find the following documents from various regulatory consultations from the European Commission. We trust that this information will be of interest to you. Should you be interested in assisting the аÄÃÅÁùºÏ²Ê¹ÙÍø FMA on these matters, or should you have a question, please contact the аÄÃÅÁùºÏ²Ê¹ÙÍø Regulatory Working Group by phone or email. We will be delighted to help.
More information: .
Strategy Committee (SC)
The inaugural meeting of the аÄÃÅÁùºÏ²Ê¹ÙÍø FMA Investment Committee took place on February 1, 2024. Mario Kolinsky was elected as Chair and Ileana Pietraru as Vice-Chair during the second meeting of the Committee, which occurred on February 23rd.
Members of the SC
Title | Name | Company | Role | аÄÃÅÁùºÏ²Ê¹ÙÍø Member / Country |
---|---|---|---|---|
Chair | Mario Kolinski | Kolinsky Consulting | Founder and CEO | аÄÃÅÁùºÏ²Ê¹ÙÍø Croatia |
Vice-Chair | Ileana Pietraru | Societe Generale | Global Head of Short-Term Treasury | аÄÃÅÁùºÏ²Ê¹ÙÍø France |
Member | Thomas Djernis | Danske Bank | Director eFX | аÄÃÅÁùºÏ²Ê¹ÙÍø Denmark |
Member | Lawrence Osilaja Boampong | GCB Bank PLC | Head, Fixed Income Sales and Distribution | аÄÃÅÁùºÏ²Ê¹ÙÍø Ghana |
Member | Mats Hansen | SEB | Senior Dealer - Macro Advisory Sales | аÄÃÅÁùºÏ²Ê¹ÙÍø Norway |
Member | Jack Loh | ING | Managing Director, APAC Head of Corporate Sector Coverage |
FMA Singapore |
Member | Daniel Schatzl | Danske Bank | Fx/Derivate Sales Corporate & Institutions | аÄÃÅÁùºÏ²Ê¹ÙÍø Sweden |
Member | Marcel Zimmermann | аÄÃÅÁùºÏ²Ê¹ÙÍø Suisse | Vice President | аÄÃÅÁùºÏ²Ê¹ÙÍø Suisse |
Member | Hugh Whelan | EBS | Head of EBS Direct Trading Platforms, CME Group | аÄÃÅÁùºÏ²Ê¹ÙÍø UK |
Women in Global Markets Committee (WIGMC)
аÄÃÅÁùºÏ²Ê¹ÙÍø FMA Women in Global Markets Committee's first meeting took place on April 4, 2024
Members of the WIGMC
Title | Name | Company | Role | аÄÃÅÁùºÏ²Ê¹ÙÍø Member / Country |
---|---|---|---|---|
Member | Jessica L Russell | National Australia Bank | Associate DirectorÌý | аÄÃÅÁùºÏ²Ê¹ÙÍø Australia |
Member | Lisa Trish | ANZ | FX Investor Sales | аÄÃÅÁùºÏ²Ê¹ÙÍø Australia |
Member | Lene Hjortshoej | Fenixys | Head of Nordics | аÄÃÅÁùºÏ²Ê¹ÙÍø Denmark |
Member | Anne-Mette Habaek Bright | Nykredit | Head of FX & Rates Advisory | аÄÃÅÁùºÏ²Ê¹ÙÍø Denmark |
Member | Iman Sherif | Export Development Bank | Head of Treasury | аÄÃÅÁùºÏ²Ê¹ÙÍø Egypt |
Member | Maame Adjoa Thompson | Savvy Securities | аÄÃÅÁùºÏ²Ê¹ÙÍø Ghana VP | аÄÃÅÁùºÏ²Ê¹ÙÍø Ghana |
Member | Lina Charitoudi | Piraeus Bank | Senior Manager, FXÌý | аÄÃÅÁùºÏ²Ê¹ÙÍø Greece |
Member | Mutahe Karuoro | Bank of Kenya Ìý | Head Treasury | аÄÃÅÁùºÏ²Ê¹ÙÍø Kenya |
Member | Anju Issur | SBM Bank Mauritius | Head of Financial Markets | аÄÃÅÁùºÏ²Ê¹ÙÍø Mauritius |
Member | Aleksandra Matic-Gregovic | NLB Komercijalna Banka | Executive Director, Financial Markets | аÄÃÅÁùºÏ²Ê¹ÙÍø Serbia |
Member | Tan Yan Pheng | Bank of America Ìý | Managing Director | FMA Singapore |
Member | Melody Martinez Davidson | BBVA | Global Head of FX Institutional Sales | аÄÃÅÁùºÏ²Ê¹ÙÍø Spain |
Member | Trimalie Fernando | Peoples Bank | Chief Treasury Dealer | аÄÃÅÁùºÏ²Ê¹ÙÍø Sri Lanka |
Member | Anna Andrén | SEB | Global Head of FX | аÄÃÅÁùºÏ²Ê¹ÙÍø Sweden |
Member | Carolina Trujillo | SEB | Head of e-FX Distribution | аÄÃÅÁùºÏ²Ê¹ÙÍø Sweden |
Member | Jana Krichel | UBS Investment Bank | Director FX Structuring | аÄÃÅÁùºÏ²Ê¹ÙÍø Suisse |
Member | Theonna Crihan | Bank J. Safra Sarasin AG, Investment Banking | Executive Director | аÄÃÅÁùºÏ²Ê¹ÙÍø Suisse |
Member | Gladness Deogratias | NMB Bank PLC | Head Global Markets | аÄÃÅÁùºÏ²Ê¹ÙÍø Tanzania |
Member | Charity S. Kesiime | аÄÃÅÁùºÏ²Ê¹ÙÍø Uganda | Country Coordinator | аÄÃÅÁùºÏ²Ê¹ÙÍø Uganda |
Member | Jasmin Fellner-Bozdag | BNY Mellon | Director – Head of eFX Sales EMEA | аÄÃÅÁùºÏ²Ê¹ÙÍø UK |
Member | Martina Doherty | MD Consulting, Lda. | Business Psychologist & Executive Coach | аÄÃÅÁùºÏ²Ê¹ÙÍø UK |
Member | Mwaka Kopakopa | United Bank For Africa | Country Treasurer | аÄÃÅÁùºÏ²Ê¹ÙÍø Zambia |
Member | Aoife McSweeneyÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý | аÄÃÅÁùºÏ²Ê¹ÙÍø FMA | аÄÃÅÁùºÏ²Ê¹ÙÍø FMA Head Office Assistant | аÄÃÅÁùºÏ²Ê¹ÙÍø FMA |
Observer | Anne-Maria Rothenstein | аÄÃÅÁùºÏ²Ê¹ÙÍø FMA | аÄÃÅÁùºÏ²Ê¹ÙÍø FMA Management Board Member | аÄÃÅÁùºÏ²Ê¹ÙÍø FMA |
Observer | Conception Alonso | European Central Bank (ECB) | Head of Int. Markets Section | ECB, Europe |
Observer | Roswitha Hutter | European Central Bank Ìý(ECB) | Team Lead Market Operations | ECB, Europe |