Treasury Support Workgroup of the Financial Markets Dealers Association of Nigeria (FMDA) is set to organise its maiden seminar with the theme “Addressing the Issues and Challenges of Treasury Automation for Process Efficiency.”
The programme, which aims to improve service delivery by using automated straight through processes for its financial markets, is slated for June 2, in Lagos.
Dipo Fatokun, director, banking and payment system department, Central Bank of Nigeria (CBN), is the keynote speaker, with Deola Adejuyigbe, managing director/CEO of Serve Consulting Limited, Chika Sanni, head, cash management operations, Citibank Nigeria, and Dipo Odeyemi, senior vice president, FMDQ OTC Securities Exchange, as guest speakers.
FMDA was established as an Association of Licensed Banks and Discount Houses, Corporate Treasurers, Other Institutions and individuals authorised by regulatory authorities to carry out dealing/trading activities in Money Market Instruments: (domestic and foreign exchange) Fixed Income Securities, Derivatives and OTC Equities.
The FMDA leads the development of knowledge, skills and competencies of its individual members in treasury market practice through capacity building and promoting professionalism in the OTC markets. It also arbitrates on disputes involving counterparties in the fixed income and foreign exchange markets.
The Association is the principal interface with the monetary authorities through policy advocacy and engagement aimed at promoting sound market practices and ethical conducts comparable to international standards that facilitate liquidity, transparency and price discovery and engendering market deepening.
