GCMA Talks Debt Markets with Visiting US Treasury Delegation
The Gulf Capital Market Association Talks Debt Markets with Visiting US Treasury Delegation
Dubai, April 2, 2015 – The Gulf Capital Market Association (GCMA), the trade association representing the Arabian Gulf fixed income market, held a roundtable meeting in Dubai on Monday with a delegation from the US Treasury led by Acting Assistant Secretary for Financial Markets Dr. Seth Carpenter.
The meeting, part of GCMA’s “Breakfast Exchange” series, focused on developments in the region’s economy and financial markets. The delegation also exchanged views with GCMA members on developments in the market for US Treasury securities, US government borrowing strategies as well as global financial market regulation.
The US Treasury Secretary chairs the Financial Stability Oversight Council, an interagency committee meant to identify and constrain excessive risk in the financial system.
GCMA President Michael Grifferty said, “GCMA offers its members the ability to dialogue directly with key global financial leaders and officials.” He went on to add, “The US treasury market is the largest and most liquid capital market in the world and what happens in it has daily consequences for our region. So having this kind of roundtable is more important than ever.”
The GCMA’s committees, working groups and National Chapters bring together the thought leaders of the regional credit markets to create a more collective voice on key issues affecting the industry.
NOTE FOR EDITORS:
The Gulf Capital Market Association
The Gulf Capital Market Association (GCMA) is the regional trade association representing the Arabian Gulf bond and sukuk market. GCMA is involved in all major matters concerning development of bond markets in the region.