Understanding Financial Markets: Ethics, Risk Management, and Dealing Principles Training Course

1. Foundation Module • Objectives • To understand the structure of Financial Markets • To be aware of Ethics & Behavioural Standards in Dealing • To acquire a basic understanding of risk management • To familiarize with General Dealing Principles & Market Conducts Topics Proposed FMRP Course for Middle & Back Office Support Functions • Target Audience • Compliance / Audit / Risk Management • Operational / Internal Control

2. Proposed FMRP Course for Middle & Back Office Support Functions Specialist Course Modules Pre-Execution of Deal Module Execution of Deal Module Post-Execution of Deal Module • Objectives • To understand the local regulatory requirements on dealers • To be aware of restrictions imposed by MAS • To be aware of relevant guidelines and regulations on various financial markets products • Objectives • To understand risk management • To familiarize with internal controls • To learn how to manage trade disputes • To be aware of steps to handle market disruptions • Objectives • To understand market practices for different financial markets products • To be aware of restrictions on dealing • To understand internal controls on dealing • Acquire practical control functions on monitoring benchmark rate setting • Topics • Specific Dealing Principles & Market Conduct for different types of products • Dealing Practices – • FX/NDF, • MM, • OTC Derivatives • Other Market Instruments • Benchmark Rate Setting • Policies setting • Risk mitigation measures • Internal control steps on rate setting • Principles governing the broking process in the financial markets • Rollover of FX transactions at off-market rates • Handling credit issues • Topics • MAS Fit & Proper Criteria • SFA S131 and SFR (L&C) Regulation 5 • MAS Notice 757 • Customer Due Diligence • Rules and Market Practices of SGS • Guidelines for Banks whose Business includes Dealing in Government Securities • Topics • Risk Management • Transaction screening for Money Laundering, Fraud and Other Criminal Activities • Risk monitoring tools • Exception management • General Dealing Principles & Market • After-hours/Off-premises dealing • Back Office • Confirmation Procedures • Market Practices on Settlements • Management of transaction dispute • Handling Market Disruptions • Contingency Planning • Target Audience • Compliance • Operational / Internal Control • Audit • Target Audience • Middle Office • Operational / Internal Control • Risk Management • Audit • Target Audience • Risk Management • Operational Control • Back Office • Audit