Setting standards internationally

The International Capital Market Association (ICMA) is a unique organisation and an influential voice for the global capital market. It represents a broad range of capital market interests including global investment banks and smaller regional banks, as well as asset managers, exchanges, central banks, law firms and other professional advisers. ICMA’s market conventions and standards have been the pillars of the international debt market for almost 50 years.

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Liquidity in the European secondary bond market: perspectives from the market. ICMA publishes survey on current state and future evolution of the European corporate bond market
25 November 2014 A new study from the International Capital Market Association (ICMA) identifies the main causes of the potential crisis facing liquidity in the corporate secondary bond markets in Europe and calls for constructive and coordinated action from all market stakeholders to find solutions.
To view the report, click here.
To view the press release, click here.
Participate in the ICMA European Repo Council's 28th European repo market survey
All European repo market participants are invited to submit data on their repo business outstanding at close of business on Wednesday, 10 December 2014.
PARTICIPATE
ICMA is pleased to welcome the following new members in November 2014:
Loyens & Loeff N.V., Amsterdam
Macfarlanes LLP, London
Click here to view the full list of ICMA members.

ICMA now has 466 members in 54 countries.
Eurepo index to be discontinued on 2 January 2015
3 November 2014 (Brussels) The European Money Markets Institute (EMMI) and the ICMA European Repo Council (ERC) announce the discontinuation of the Eurepo index as of 2 January 2015.
To view the press release, click here.
AFME-ICMA Capital Markets and Growth Roundtable and Dinner Discussion
AFME and ICMA held a roundtable at the European Parliament in Brussels on 30 September 2014. The event was held under the Chatham House Rule. Participants were from both the official sector and the private sector. Click here to view the summary notes.
ICMA’s European Repo Council reports successful migration of the European bond markets to T+2
15 October 2014 (London, UK) ICMA and the ICMA ERC report that the initial feedback from members and operations working groups indicates that that the transition to settlement at T+2 for the European fixed income markets has been largely successful with few issues. To view the press release, click here.
To view the report, click here.

Market Practice & Regulatory Policy

ICMA responds to ESMA Consultation Paper on draft technical standards on the Market Abuse Regulation
15 October 2014 ICMA has responded to ESMA Consultation Paper on draft technical standards on the Market Abuse Regulation.
To view the response, click here.
AMIC: Maternity leave cover
ICMA is considering the appointment of a buy-side expert to provide maternity cover. For more information, click here.
ICMA AMIC Responds to FCA Discussion Paper DP14/3 - the use of dealing commission regime
10 October 2014 The AMIC has responded to the FCA's Discussion Paper DP14/3.
To view the response, click here.
ICMA Quarterly Report Fourth Quarter 2014
8 October 2014 The latest edition of the ICMA quarterly report is now available.
To download the report, click here.
Move to Settlement at T+2 on 6 October
On 6 October 2014 the settlement period for securities transactions in Europe migrated from T+3 (trade date plus 3 days) to T+2. The move to T+2 for many securities markets will also impact the repo and securities financing markets.
For more information click here.
ICMA ERC briefing note on CSDR Mandatory Buy-ins and the treatment of SFTs
22 September 2014 The ICMA ERC has published a briefing note on CSDR Mandatory Buy-ins and the treatment of SFTs.
Click here to view.
The AMIC responded to the IOSCO consultation paper
5 September 2014 (London, UK) The AMIC responded to the IOSCO consultation paper on Good Practices on Reducing Reliance on CRAs in asset management. To view the report, click here.
The impact of T+2 settlement on repo
To avoid confusion and fragmentation around settlement dates in the European bond markets, the ICMA ERC’s Operations Group has prepared a report on the impact of T+2 settlement on the European bond and repo markets. To view the report, click here.
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