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 over 40 years.
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News from Thomson Reuters
- UPDATE 2-SEC charges South Miami with fraud over debt deals
- European banks stop sending money to North Korea - aid groups
- UPDATE 2-Fisker fields $20 mln offer from Bob Lutz, Wanxiang -sources
- WRAPUP 3-U.S. home sales close in on 3-1/2-year high
- UPDATE 2-ECB can expand its tools to fight crisis -board member
- PIMCO's Gross says US Fed likely to ease stimulus in Sept -CNBC
- UPDATE 1-Bob Lutz, Chinese parts maker offer $20 mln for Fisker -sources
- UPDATE 4-Oklahoma tornado victims astounded at how they survived
- UPDATE 2-Europe targets Switzerland in fight against bank secrecy
- UPDATE 2-Germany takes bilateral paths to tackle EU jobs crisis
- At tornado-hit school, colored stickers and pencils litter ruins
- Vatican financial body investigating possible money laundering
- INTERVIEW-Delta will wait for new planes to prove themselves-CEO
- UPDATE 1-Monte Paschi director accused of insider trading
- UPDATE 1-Carrefour sells stake in Middle East venture for $683 mln
- Stern Advice-Why pension funds are eating your 401(k)'s lunch
- UPDATE 4-State-backed UK banks gain approval for capital plans
- UPDATE 2-Uralkali to delay potash expansion if BHP mine proceeds
- Bernanke stimulus comments push European shares to new high
- UPDATE 3-Lowe's sales improve after weak start to spring
- Turkish dollar, euro debt to join some Barclays global indices June 1
- Russia raises deficit forecasts, won't balance books by 2015
- UPDATE 1-Zale taps rival's ex-CEO as new chairman, shares jump
- China to lend $580 mln for Sri Lanka development projects
- Swiss seek to facilitate restitution of dictator loot
Follow the ICMA AGM and Conference in Copenhagen, 22-24 May!
The ICMA AGM and Conference, a long established industry event for the international debt capital markets, brings together the global financial community to discuss market and regulatory developments. You can follow us on Twitter throughout the event.
#ICMAAGM
For the full programme including networking receptions, click here. The systemic importance of collateral and the role of the repo market
7 May 2013 ICMA European Repo Council paper highlights the disruptive impact of the proposed FTT on the widespread use of collateral that underpins the modern financial system To view the press release, click here.To view the supplementary paper, click here.
ICMA publishes 2013 legal opinions on global master repo agreement
10 April 2013 (Zurich, Switzerland) ICMA has today published the 2013 legal opinions which support the Global Master Repurchase Agreement (GMRA), the standard agreement used for international repo transactions.The 2013 opinions support the use of the GMRA in 63 jurisdictions worldwide, with the notable addition of an opinion for Russia and an expansion of counterparty coverage in a number of key jurisdictions. To view the press release, click here.For more information about the legal opinions, including a list of covered jurisdictions, click here.
ICMA European Repo Council calls for exemption of repo transactions from FTT
8 April 2013 The proposed EU Financial Transaction Tax would cause the short-term repo market in Europe to contract by an estimated amount of at least 66%, with serious negative consequences for other financial markets and the real economy, according to a study commissioned by the European Repo Council of the International Capital Market Association. To view the press release, click here.To view the report, click here.
ICMA submits comments to IOSCO regarding principles for benchmarks
16 May 2013 The ICMA has submitted a response to IOSCO’s consultation regarding principles for financial benchmarks. To see the response, click here.ICMA ERC submits comments to CPSS/IOSCO on trade repositories
10 May 2013 The ICMA ERC has submitted comments to CPSS/IOSCO in relation to their joint consultative report regarding “Authorities’ access to trade repository data”. To see the ERC response regarding one aspect of this consultation, click here.ICMA Quarterly Report Second Quarter 2013
9 April 2013 The latest edition of the ICMA quarterly report is now available.To download the report, click here. To access the recording of the related Quarterly briefing call click here (ICMA members only).
Economic Importance of the Corporate Bond Markets
8 April 2013 ICMA has prepared a paper for policy makers about why corporate bond markets are so important for economic growth, for investors, for companies, and for governments, around the world; and why it is therefore essential that laws and regulations that affect them avoid any unintended adverse consequences that could inhibit those markets. To view the paper, click here.Repo FAQs
A comprehensive list of FAQs on the repo market, ranging from the simplest enquiries such as “What is a repo?” to more detailed topical discussions on specialist questions, for example “Do haircuts/margins exacerbate pro-cyclicality?”, is now available to the market from the link below. Click here to viewICMA submits comments regarding benchmarks to IOSCO and to ESMA-EBA
11 February 2013 The ICMA has submitted responses to IOSCO and ESMA-EBA consultations regarding benchmarks. To see the responses, click here.
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