The New Zealand Financial Markets Association is the professional body for wholesale (institutional) banking in New Zealand. The Association represents the interests of its members in ensuring the sound management of the over-the-counter financial markets. This is achieved by promoting effective self-regulatory initiatives, advocating for the industry, providing relevant education, and developing and implementing high professional standards to be used by members when dealing in these markets.
NZFMA also maintains and is the Benchmark Administrator for benchmarks and indicative closing rates calculated and published by the NZdata Service.
NZFMA membership is institutionally based, with members providing a wide range of financial services such as corporate banking, trading in financial instruments and trade finance.
European Union Benchmark Regulation
From 1 January 2018 a new European Union (EU) regulation applied to the use of, contribution to and administration of indexes used as financial benchmarks in the EU ("the EU Benchmark Regulation"). The EU Benchmark Regulation applies to benchmarks used by EU regulated entities regardless of whether the benchmark administrator is located in the EU. As such the New Zealand Financial Markets Association's BKBM and potentially the `Closing Rates' are captured by this regulation.Read More
Global Code of Conduct
The New Zealand Financial Markets Association fully supports the new FX Global Code released by the GFXC on 25 May 2017. The Code sets out global principles of good practice in the global foreign exchange market. Importantly, the Code covers appropriate conduct for both the buy and sell side, non-bank participants and the trading platforms. This initiative has been further endorsed by both the Reserve Bank of New Zealand and the Financial Markets Authority.
NZFMA are supporting the Global FX Committee's initiative to encourage public registers that publish 'Statements of Commitment' to the FX Global Code. These registers provide market participants with a platform to declare their recognition of, and commitment to adopting the good practices set out in the Global Code. It also assists interested parties to identify market participants that have committee to the Code. View the Code / Submit a Statement of Commitment
NZ Financial Markets Charity Golf Classic 2018
The 2018 NZ Financial Markets Charity Golf Classic was held at the Wairakei Golf + Sanctuary and Hilton Lake Taupo over the weekend of 26 to 28 October. There was some fantastic golf played and the charity auction raised over $53,000 for The Neonatal Trust. Further information can be found here
NZFMA News and Events
The 2018 NZ Financial Markets Charity Golf Classic will be held at Wairakei International Golf Course and Hilton Lake Taupo on 26-28 October.
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