ICMA and Hong Kong Treasury Markets Association Move Towards Greater Co-operation
The International Capital Market Association (ICMA) and the Hong Kong based Treasury Markets Association (TMA) have agreed to work together more closely on matters of mutual concern and have signed a Memorandum of Understanding underlining their cooperative approach to promoting best practice in capital markets.
The two associations intend to foster enhanced cooperation and links through seminars and events for their respective memberships. There will also be an exchange of information and consultations in the critical areas of regulation and self-regulation, market infrastructure, and professional training and accreditation. Among the areas for imminent cooperation will be promotion of the understanding and acceptance of the Global Master Repurchase Agreement (GMRA) within the Asian region.