Georgian Financial Markets Treasuries Association GFMTA

Georgian Financial Markets Treasuries Association (GFMTA) was established on 21st of November 2018 by National Bank of Georgia, commercial banks and microfinance organizations. GFMTA is the largest professional organization working on the development of financial markets in Georgia. GFMTA unites 17 members working in financial markets of Georgia, including 12 commercial banks and 4 microfinance organizations. One of the main objectives of the Association is to implement principles of FX Global code on Georgian financial market. The objective of the code is to make the market more transparent, establish fair rules of conduct among market participants and create minimum requirements for organizational structures of financial institutions so that their activities are compliant with the best industry standards. GFMTA aspires to create sustainable, competitive, transparent, fair and liquid financial markets in Georgia by implementing internationally recognized best practices and standards. Georgia Financial Markets Treasury Association GFMTA was established on November 21, 2018 by the National Bank of Georgia (NBG), various commercial banks and microfinance organizations. Today, the Association is the largest professional organization that cares about the development of financial markets in Georgia and unites 17 entities operating in different segments of the financial markets of Georgia, including 11 commercial banks and microfinance organizations. One of the main tasks of the Association is to implement and enforce the principles of the FX Global Code. The FX Global Code was developed by a working group initiated by the Bank for International Settlements (BIS) and it establishes uniform rules and principles of conduct in the foreign exchange market.