governance structure
Committees of the Association
The Association’s committees play a vital role in supporting governance, professionalism, and member standards. Each committee has a specialized role that contributes to strengthening trust, competence, and cooperation across the market.
Key Characteristics:
Competency Framework Committee (CFIC)
The CFIC drives professional standards and continuous development within the Association.
Key responsibilities include:
- Overseeing competency frameworks, assessments, and skill benchmarks
- Collaborating with the training function to help members stay current, competitive, and future-ready
Dispute Resolution Committee
This committee provides a neutral and structured mechanism for resolving disputes between institutions and market participants. Its key role is to:
- Facilitate amicable and credible resolution of disagreements
- Promote fairness, professionalism, and confidence in market relationships
Investment Committee
The Investment Committee oversees and guides the Association’s investment strategy, with responsibilities including:
- Evaluating investment opportunities
- Managing risk
- Ensuring prudent deployment of the Association's funds in line with approved policies and long-term objectives
Training & Capacity Building Committee
The Training & Capacity Building Committee of the Financial Markets Dealers Association is a vital component of the Association’s efforts to promote professionalism and excellence in the financial markets. The committee is responsible for designing, developing, and delivering training and capacity-building programs that enhance the knowledge, skills, and competencies of market participants.
Key Functions include:
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Training Needs Assessment
Identifying training needs and gaps in the market, and developing programs to address these needs. -
Program Development
Designing and developing training programs that cater to the needs of market participants, covering topics such as market operations, regulatory compliance, risk management, and industry trends.
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Capacity Building
Providing capacity-building programs that enhance the skills and knowledge of market participants, including workshops, seminars, and conferences. -
Evaluation and Monitoring
Evaluating the effectiveness of training programs and monitoring their impact on market participants.
The workgroups bring together industry experts and practitioners to provide valuable insights and perspectives, facilitate collaboration and knowledge-sharing among stakeholders, drive innovation and thought leadership, and ensure the Association’s decisions reflect the needs and interests of the broader market.