A number of councils operate under the auspices of ICMA, these include: the ICMA Financial Institution Issuer Forum (FIIF) representing ICMA’s issuer community; the ICMA Asset Management and Investors Council (AMIC), representing ICMA’s buy side community; the ICMA Euro Debt Market AMTE Council specialising in market practice in the government and government-guaranteed debt markets; the ICMA Covered Bond Investor Council (CBIC), an independent voice for investors in covered bonds and; the ICMA European Repo Council (ERC) which is a forum for discussing developments in the European repo market.