- ICMA responds to European Commission’s Call for Evidence on cumulative impact of regulation
ICMA responds to European Commission’s Call for Evidence on cumulative impact of regulation20 January 2016 ICMA has submitted its response to the European Commission’s Call for Evidence on the cumulative impact of regulation. The response focuses principally on the issue of market liquidity within the context of rules affecting the ability of the economy to finance itself and grow. It draws on much of the work and research ICMA has undertaken previously related to both European corporate bond secondary market liquidity and collateral and repo market liquidity, and which highlights the real economy impacts of reduced market liquidity on both investors and capital raisers.
ICMA hopes that this ‘call for evidence’ is the first step in a continual process of consultation with market stakeholders to support the ongoing refinement and improvement of the European regulatory process, and to ensure the successful attainment of intended outcomes, while promoting resilient and well-functioning European capital markets.
To view the response, click here.
For more information on Capital Markets Union, click here.