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CLASS:PUBLIC
CREATED:20120222T101857Z
DESCRIPTION:The long awaited Commission proposal for MiFID II was published
	 on 20 October. Political agreement on the text is not expected before the
	 middle of 2012\, with the likelihood that a further year will be required
	 to develop the necessary secondary legislation. There is still a long way
	 to go to implementation and a number of serious questions have to be reso
	lved.\n\nThe current proposal raises specific concerns for participants in
	 the international debt markets as it seeks to apply the lessons learnt fr
	om the application of pre and post trade transparency in equity markets un
	der MiFID I to the OTC markets.\n\nICMA members are invited to attend a lu
	nchtime roundtable briefing on the MiFID II proposals and its implications
	 for the OTC markets\, the discussion will be lead by John Serocold of ICM
	A and Adam Jacobs from ISDA.\n\nThe event will take place at ICMA Limited'
	s London office at 23 College Hill at 12.30 on Thursday\, 17 November 2011
	\, lunch will be provided.\n\nRegister for the event by e-mail to Suzanne 
	Atkins <mailto:suzanne.atkins@icmagroup.org?subject=ICMA%20roundtable%20br
	iefing%20for%20members%20on%20MiFID%20II%20–%20London\,%2017%20November%
	20-%20Registration>  giving your name\, job title and company name.\n\n
DTEND;TZID="GMT Standard Time":20120301T133000
DTSTAMP:20111114T104656Z
DTSTART;TZID="GMT Standard Time":20120301T123000
LAST-MODIFIED:20120222T101857Z
LOCATION:International Capital Market Association\, 23 College Hill\, Londo
	n\, EC4R 2RP\, United Kingdom
PRIORITY:5
SEQUENCE:0
SUMMARY;LANGUAGE=en-gb:International Capital Market Association (ICMA) Lunc
	htime Roundtable discussion ‘Shadow banking\, the repo market and regula
	tion’\, London\, 1 March 2012
TRANSP:OPAQUE
UID:040000008200E00074C5B7101A82E0080000000070B29CBABAA2CC01000000000000000
	01000000092CAD92DE83E374383E93926494EC15E
X-ALT-DESC;FMTTYPE=text/html:<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 3.2//E
	N">\n<HTML>\n<HEAD>\n<META NAME="Generator" CONTENT="MS Exchange Server ve
	rsion 14.02.5004.000">\n<TITLE></TITLE>\n</HEAD>\n<BODY>\n<!-- Converted f
	rom text/rtf format -->\n\n<P DIR=LTR><SPAN LANG="en-gb"></SPAN><SPAN LANG
	="en-gb"></SPAN><SPAN LANG="en-gb"><FONT FACE="Calibri">Last year the Fina
	ncial Stability Board (FSB) published its recommendations on strengthening
	 oversight and regulation of shadow banking\, with the regulation of secur
	ities lending/repo as one of the work streams defined in the report.  ICM
	A’s European Repo Committee (ERC) is actively engaging with the work whi
	ch is now underway and has commissioned an academic study from Richard Com
	otto of the ICMA Centre at the University of Reading to provide greater un
	derstanding of what shadow banking is\, how repo and securities lending is
	 seen as fitting into this system and what regulators are contemplating fo
	r these markets.</FONT></SPAN><SPAN LANG="en-gb"></SPAN><SPAN LANG="en-gb"
	></SPAN><SPAN LANG="en-gb"></SPAN></P>\n\n<P DIR=LTR><SPAN LANG="en-gb"></
	SPAN><SPAN LANG="en-gb"></SPAN><SPAN LANG="en-gb"><FONT FACE="Calibri">ICM
	A members are invited to attend a lunchtime roundtable where the author wi
	ll introduce his new work\, focussing particularly on the repo market and 
	its perception by regulators\, the possible effects of current regulatory 
	proposals and the macroeconomic risks of impairing the functioning of the 
	repo market. Godfried De Vidts\, Chair of ICMA’s ERC will comment on the
	 study and on regulatory developments in this area.</FONT></SPAN><SPAN LAN
	G="en-gb"></SPAN><SPAN LANG="en-gb"></SPAN><SPAN LANG="en-gb"> </SPAN></P>
	\n\n<P DIR=LTR><SPAN LANG="en-gb"></SPAN><SPAN LANG="en-gb"></SPAN><SPAN L
	ANG="en-gb"><FONT FACE="Calibri"> </FONT></SPAN><SPAN LANG="en-gb"></SPAN
	><SPAN LANG="en-gb"></SPAN><SPAN LANG="en-gb"></SPAN></P>\n\n<P DIR=LTR><S
	PAN LANG="en-gb"></SPAN><SPAN LANG="en-gb"></SPAN><SPAN LANG="en-gb"><FONT
	 FACE="Calibri">The event will take place at ICMA’s London office at 23 
	College Hill at 12.30 on Thursday\, 1 March 2012.  A light lunch will be 
	provided.</FONT></SPAN><SPAN LANG="en-gb"></SPAN><SPAN LANG="en-gb"></SPAN
	><SPAN LANG="en-gb"></SPAN></P>\n\n<P DIR=LTR><SPAN LANG="en-gb"></SPAN><S
	PAN LANG="en-gb"></SPAN><SPAN LANG="en-gb"><FONT FACE="Calibri">Register f
	or the event by e-mail to</FONT></SPAN><SPAN LANG="en-gb"></SPAN><SPAN LAN
	G="en-gb"></SPAN><SPAN LANG="en-gb"><FONT FACE="Arial"></FONT></SPAN><SPAN
	 LANG="en-gb"> </SPAN><A HREF="mailto:shannelle.rose@icmagroup.org?subject
	=Shadow%20Banking%20roundtable%20registration\,%201%20March%202012"><SPAN 
	LANG="en-gb"></SPAN><SPAN LANG="en-gb"></SPAN><SPAN LANG="en-gb"><U><FONT 
	COLOR="#0000FF" FACE="Calibri">Shannelle Rose</FONT></U></SPAN><SPAN LANG=
	"en-gb"></SPAN></A><SPAN LANG="en-gb"></SPAN><SPAN LANG="en-gb"></SPAN><SP
	AN LANG="en-gb"><FONT FACE="Calibri"> giving your name\, job title and com
	pany name.</FONT></SPAN><SPAN LANG="en-gb"></SPAN><SPAN LANG="en-gb"></SPA
	N><SPAN LANG="en-gb"></SPAN></P>\n\n</BODY>\n</HTML>
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