The newly elected President, Financial Markets Association of Nigeria (FMDA), Mrs. Anwuli Femi-Pearse, has revealed her plans to make the fixed income market more transparent in the near future.
She recently shared that Nigeria needs a digitized fixed-income market for operational efficiency.
Speaking at her swearing-in ceremony during the 32nd Annual General Meeting of FMDA in Lagos, Femi-Pearse, who is also the Group Head, Treasury, Assets & Liability Management at Sterling Bank, said that equipping fixed income market traders with appropriate skills is a clear priority for the association.
She mentioned that plans are already ongoing to ensure that bonds and T-Bills trading become more effective as well.
According to her, major progress has been made to trigger transparency and efficiency in the forex market, and she intends to apply the same energy to aid the transformation of the fixed income market while she is president.
“There has been lot of work done in the past to promote efficiency and transparency in forex operations which helped to stabilise the forex market. In the last few years, we have been able to support forex market stabilization by making the market operations more effective and transparent.
We want to channel that energy to the fixed income market. We want to ensure that bonds and T-Bills trading are seamless, and more transparent,” she said.
Femi-Pearse further noted that the Financial Markets Association of Nigeria (FMDA), during her tenure, will ensure training and financial markets knowledge are steadily available to dealers and traders, stressing that such a reality will go a long way towards deepening the understanding of how the market operates.
She concluded by appreciating the association for entrusting its affairs to her until 2027, while vowing to work tirelessly to move the association forward.
The FMDA is a self-regulatory financial services body created to aid the development of financial market infrastructure and human capital. They are also tasked with promoting professional and ethical standards in treasury activities across Nigeria.
Folami David is a dynamic journalist who views the world through an analytical lens, translating complex narratives across multiple industries into compelling stories. With an insatiable appetite for information and a keen eye for emerging trends, Folami specializes in uncovering the interconnections between technology, business, culture, and society.
