ACI Financial Markets Association (ACI) has announced the appointment of two additional professional roles to enhance its educational and attestation offerings.
Paul Chappell has been appointed director of education and will be supported by deputy director for education, Rui Correia.
Together, ACI says, the two men they will be responsible for delivering the association’s strategic educational initiatives to its global membership.
ACI says it has “gone through a period of evaluating and streamlining its vision and focus to reflect the current needs of financial markets and the individual members it represents”.
The UK’s Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) have announced the appointment of Marshall Bailey as chair of the Financial Services Compensation Scheme (FSCS) with effect from 1 April 2018.
The appointment was made by the FCA Board and the Prudential Regulation Committee (PRC) with the approval of HM Treasury. Bailey succeeds Lawrence Churchill who is stepping down after two terms as chair. Bailey has worked in financial services for over two decades, and has held senior positions in a number of firms.
Currency manager Millennium Global has committed to the FX Global Code of Conduct and will ensure adherence to its principles in partnership with ACI Financial Market Association by adopting the association’s E-Learning, Attestation and Certification (ELAC) Portal, an accredited and continuous professional development solution.
Millennium is the first major UK-based buy side asset management firm to sign up to ELAC, which was launched last year and has also been adopted by ANZ Bank among others to help demonstrate adherence to the Code.
ACI – the Financial Markets Association (ACI FMA) is launching a new online version of its FX Global Code Certificate. The new exam will be available from 25 May 2018.
ACI says the 60-minute online exam is aimed at certifying that market participants across buy side, sell side as well as intermediary institutions, regulators, central banks, middle and back-office, operations personnel and compliance and risk officers have taken the first step towards demonstrating adherence and knowledge of the FX Global Code.
In this column on June 7 2018 I wrote that the time had come for someone to show industry leadership when it comes to arguing the foreign exchange industry’s corner specifically around pre-hedging and Mark Johnson’s pending appeal. I looked particularly at the industry associations and, some believe, called them out on it. It is pleasing to see that there is a response from the industry, but it is not yet enough and more can be done - especially by one or two associations.
And so, dear readers, we commence the second 500 of these columns by returning to a theme that has dominated the past 100 – and which remains the biggest single issue facing the foreign exchange industry at this time. I refer of course, ...
And so, with the usual mixture of celebration and regret, we arrive at the final Accolade of 2018 – my FX Person of the Year.
Obviously last year was a little controversial as I awarded it to an anonymous person (although I think I know the identity of the person concerned) and, you will be pleased to hear, this year is little different.
There was a reasonable field this year, although perhaps not quite up to the standards of previous years.