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As part of its commitment to maintaining orderly markets ICMA has assisted members with the application of the ICMA Rules and Recommendations. Questions on these as well as those regarding the GMRAs should be directed to the ICMA Legal Helpdesk.
A document containing FAQs is available to ICMA members.
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November 2009. Priorities in the International Capital Markets for the New European Commissioner
The purpose of this paper, which has been prepared in consultation with ICMA’s Regulatory Policy and Market Practices Committees of market experts in response to the European Commission’s request, is to recommend priorities in the international capital markets for the new European Commissioner, taking into account the lessons from the international financial crisis.
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October, 2009. Financial crisis guide Published by IFLR in association with ICMA and SIFMA
The economic fallout has created an unprecedented raft of financial regulation across the globe. This is why IFLR decided to publish the Financial crisis guide for the first time. The hope is that this inaugural edition will also be the last edition.
This Financial crisis guide is published in association with ICMA (International Capital Market Association) and Sifma (Securities Industry and Financial Markets Association). Both organisations have written perceptive and useful articles.
On page 6, David Hiscock, Senior Advisor for Regulatory Policy at ICMA, has a warning: regulatory reform still has a way to go before it is truly effective.
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July 2, 2009
ICMA response to European Commission consultation on the “Communication on Financial Supervision in Europe”
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April 7, 2009
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April 2, 2009
Declaration on Delivering Resources Through the International Financial Institutions
Progress Report on the Actions of the Washington Action Plan
March 9, 2009. Joint trade associations' briefing paper for the London Summit
ICMA, together with LIBA, SIFMA, ICMA, ISDA, FOA, and IIAC have subscribed to the attached paper that provides a briefing for the key G20 working groups who are preparing reports for submission to finance ministers in preparation for their 14 March meeting – which sets the stage for the London, 2 April G20 leaders follow up summit. This has been sent to HM Treasury and further distributed to the co-Chairs and members of the G20 Working Groups, the IMF, FSF, IOSCO, Basel Committee, and G20 Deputies.
The paper starts with a summary of key points - support for the G20 Action Plan; active engagement by industry through own initiatives and participation in the work of relevant international fora; desire for global consistency of policy responses; and suggestions that progress be tracked and the aggregate impact of initiatives be carefully considered. Section A then summarises suggested points of particular priority in order to restore market confidence and effective market operation; section B summarises some of the main areas where the industry is working with supervisors to deliver improvements (supporting detail is provided in Annex 2); and section C reviews each point for working groups 1 & 2 from the November Action Plan, expressing support and identifying related considerations.
February 25, 2009
Report of the Jacques de Larosière High-Level Group on Financial Supervision in the EU
January 20, 2009
ICMA letter to M. Jacques de Larosière Chairman, High Level Expert Group on EU Financial Supervision
January 7, 2009
UK objectives for the G20 in 2009
November 15, 2008 G20 Summit
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November 10, 2008. Global regulatory modernisation: key objectives and principles. Joint trade associations' note for the G20 Summit
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We are aware that the European Commission, along with Heads of Government, is preparing for the G20 Summit in Washington on 15th November. An international group of associations, which represents major firms active in international financial markets, suggests that a key aim of the Summit should be to agree the high-level objectives and principles in the context of which the global regulatory modernisation discussions that will flow from the Summit should be conducted. The attached paper suggests what those high-level objectives and principles should be. In summary, they relate to:
- The need to re-establish financial stability, liquidity and market confidence
- The need to enhance tools and infrastructure for effective coordination, cooperation and exchange of information between regulators and policy makers globally
- The need to minimise and better anticipate systemic risk to the world financial system.
On behalf of LIBA, ICMA, ISDA, SIFMA, BBA, and FOA 10th November 2008 |
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