Source: Icma
The Association of National Exchanges Members of India (ANMI) and the International Capital Market Association (ICMA) have today signed a Memorandum of Understanding which will strengthen their relationship and enable sharing of expertise and information between the two organisations as they seek to raise standards of market practice in the international and Indian capital markets respectively.
The two associations share common interests and will cooperate by a bilateral exchange of skills and experience in securities regulation, market infrastructure, and professional training for market participants.
At the signing of the MoU which took place at ANMI's offices in Mumbai the President of ANMI said:
"ANMI looks forward to establishing a long term mutually beneficial relationship with ICMA. With the rapid growth of the Indian Capital Markets and global attention to it, there shall be significant opportunities for joint collaboration and exchange of best practices between both associations to enhance overall integrity and efficiency of the financial markets."
Commenting for ICMA, Martin Scheck, its Chief Executive, said: "In the rapidly growing economy of India with more companies wishing to tap the national and international capital markets to finance their growth and expansion, access to stable and well organised markets is essential. ICMA is very pleased to be co-operating with ANMI in sharing our 40 years of experience in providing a sound framework for market practice in cross border markets, as they work with their members to set standards for best practice and seek to encourage participation in financial markets".