ICMA and UAE Financial Markets Association formalise cooperation in securities markets
26 October 2022 (London, UK - Dubai, UAE) The International Capital Market Association (ICMA) and the United Arab Emirates Financial Markets Association (UAE FMA) today formalised their cooperation to further develop and foster closer engagement. ICMA Chief Executive Bryan Pascoe and UAE FMA Chairman Mohammed Al Hashemi signed an agreement conferring reciprocal membership of each other’s associations at a ceremony in Dubai.
Areas of cooperation between UAE FMA and ICMA will include:
- Sharing of information on best market practice and regulatory developments in the capital market
- Communicating on efficient trading practices as well as clearing and settlement procedures
- Closer partnership across a programme of industry outreach opportunities
The ICMA and UAE FMA will cooperate closely on a schedule of events and expand their existing partnership on educational training programmes. UAE FMA will bring their knowledge and expertise of the region, while ICMA will provide its expertise and experience in the broader international capital markets. To coincide with the signing, ICMA and UAE FMA are today co-hosting a joint conference entitled “Dynamics and developments in the international repo markets - a lens on the MENA region”.
Commenting on the new formal relationship, ICMA Chief Executive Bryan Pascoe said “We look forward to a mutually beneficial partnership with the UAE FMA. The profile of the GCC within the international capital market landscape continues to grow apace, so strengthening our relationships with key partners such as the UAE FMA will help drive our objective to assist the development of the capital markets in the region.”
UAE FMA Chairman Mohammed Al Hashemi added “We welcome the partnership with ICMA, who bring decades of experience in the international markets that we can leverage for the benefit of our underlying membership. At the same time, UAE FMA will be able to provide further insight of the GCC capital markets to assist ICMA’s work in the cross-border markets.”
For further information, please contact:
ICMA Communications
Allan Malvar Oliver Tinkler
Managing Director Senior Director
+44 20 7510 2691 +44 20 7213 0323
+44 7738 696 451 +44 7931 100 499
allan.malvar@icmagroup.org oliver.tinkler@icmagroup.org
UAE FMA Marketing and Public Relations
Eman Adel
Event and Marketing Manager
+971 425 66622
+971 552 589 011
eman@uaefma.com
