Quick Find:
  • News
  • ICMA launches its 2nd European IG Corporate Bond Secondary Market Study
ICMA launches its 2nd European IG Corporate Bond Secondary Market Study
Following the seminal study published in 2014, ICMA is pleased to announce the launch of its 2nd study into the current state and ongoing evolution of the European investment grade corporate bond secondary market. The new study is intended to be more forward looking and focused on potential solutions to the identified risks to market quality and liquidity, as well as re-highlighting the sources of these risks. We intend to complete the study over the coming months, with a view to publishing the final report at the end of June.
 
As in the previous study, ICMA will rely on the active participation and input of its member firms, including broker-dealers, asset managers and investors, corporate and financial issuers, as well as platform providers and intermediaries. Over the coming weeks we will reach out with surveys and/or requests to interview (on an anonymized basis). If you or your firm is happy to participate in the study, we would be delighted to hear from you.
 
We are pleased to attach the Terms of Reference for the study, which was drafted with input and guidance from both sell-side and buy-side members of the Secondary Market Practices Committee (SPMC). If you would like to play an active role in steering the study during the research and writing stages, please do not hesitate to contact us directly.
 
We would like to thank you in advance for your generous cooperation and participation, as it is this that makes the ICMA study truly representative of the state and evolution of the European IG corporate bond market.

Note that an ICMA Asian corporate bond secondary market study will be conducted in parallel. This will be led by Mushtaq Kapasi (Chief Representative, ICMA Asia Pacific), in close coordination with Andy Hill, and will be based on the same approach. The intention is to publish both studies on the same date.

Click here to view the terms of reference for this study.

Click here to see the 2014 study 'The current state and future evolution of the European investment grade corporate bond secondary market: perspectives from the market'.


Contacts:

Andy Hill
Senior Director, Market Practice and Regulatory Policy; Secretary to the Secondary Market Practices Committee
Direct line: +44 20 7213 0335
EMAIL | DOWNLOAD BUSINESS CARD

Mushtaq Kapasi
Chief Representative, ICMA Asia Pacific
Direct line: +852 2531 6590
EMAIL | DOWNLOAD BUSINESS CARD


AGM 2017

ICMA Executive Education