FMDQ Hosts its Maiden Members Only Market Architecture Meeting. FMDQ, having successfully activated its three (3) membership categories and just provisionally licenced Members under the Associate and Registration Member categories, hosted its maiden “Members Only” meeting in December 2014. FMDQ saw this – having achieved what it believes to be some ‘critical mass’ in its membership – as an opportune time to bring together the different areas of the FMDQ market as represented by its respective membership categories, to help design and craft the architecture of the financial market in which the participants will operate.
The Members Only Market Architecture Meeting, which held at the InterContinental Hotel, Victoria Island, Lagos, on December 16, 2014, provided a platform, where for the first time, representatives of the different membership categories, consisting of banks, discount houses, investment banks, pension fund administrators, fund managers, brokers, inter-dealer brokers, corporate treasurers etc., came together, under one “roof”, to determine how their market should operate. Deliberations centered around products, infrastructure, people/institutions and supervision of the market.
The topics on the agenda discussed were as follows:
- ▪FMDQ Market Architecture
- ▪Memberships Profiling
- ▪Infrastructure
- ▪Products & Services
- ▪Supervision
- ▪Markets Participants Empowerment
- ▪Q1 2015 Activities – Debt Capital Market (DCM) Workshop
- ▪Program Accountability
The session proved to be very interactive and insightful. Feedback received from the attendees at the forum confirmed the success of the meeting.
FMDQ intends to hold the “Members Only” meetings semi-annually.