25 November 2020 ICMA responds to ESMA Consultation Paper on MiFID II/ MiFIR review on the functioning of Organised Trading Facilities (OTF)...20 November 2020 Joint trade association letter regarding the third country transitional provisions of the EU Benchmarks Regulation...20 November 2020 ICMA responds to ESMA's MiFIR review report on the obligations to report transactions and reference data...16 November 2020 First edition of the ICMA ERCC's Repo and Collateral Newsletter – read about our work and other market news...13 November 2020 ESG, finance, and building back better: a silver lining for COVID-19?...12 November 2020 ICMA publishes European and Asian repo surveys ...10 November 2020 Participate in the ICMA European Repo and Collateral Council's 40th European repo market survey...5 November 2020 ICMA launches a scholarship programme...3 November 2020 NEW: ICMA online self-study course...3 November 2020 ICMA Electronic Trading Council (ETC) publishes paper on Axe Distribution Best Practice Standards...29 October 2020 ICMA ERCC publishes fifth edition of its SFTR recommendations ...16 October 2020 ICMA AMIC responds to ESA's survey on templates for Environmental and/or Social financial products under SFDR...12 October 2020 Buy-side starts reporting under SFTR...12 October 2020 ICMA AMIC publishes position paper on ESMA's letter on AIFMD review...9 October 2020 Green Bond Principles and Social Bond Principles Executive Committee announces 2020/2021 Advisory Council composition...8 October 2020 ICMA Quarterly Report Fourth Quarter 2020 now available...6 October 2020 Translations of the Sustainability-Linked Bond Principles are published...6 October 2020 New ICMA members in October 2020...6 October 2020 Amendments to the ICMA Primary Market Handbook published...2 October 2020 Who is automating the primary bond markets? ICMA publishes new edition of technology directory...2 October 2020 ICMA responds to the EC consultation on the EU Green Bond Standard (EU GBS)...1 October 2020 ICMA publishes preliminary thoughts on the new Capital Markets Union Action Plan...1 October 2020 ICMA’s Head of Sustainable Finance, Nicholas Pfaff appointed to the Platform on Sustainable Finance...29 September 2020 ICMA publishes discussion paper on Transparency and liquidity in the European bond markets...24 September 2020 ICMA publishes updated Guide to Best Practice in the European Repo Market...15 September 2020 ICMA responds to ESMA consultation on calculation of positions under SFTR...11 September 2020 ICMA AMIC responds to EC consultation on investment research...7 September 2020 ICMA publishes a briefing note on CSDR mandatory buy-ins and the requirement to appoint a buy-in agent...7 September 2020 ICMA ERCC publishes fourth edition of its SFTR recommendations...1 September 2020 ICMA AMIC responds to ESAs' consultation on the Sustainable Finance Disclosure Regulation...1 September 2020 ICMA AMIC responds to ESMA consultation on guidelines for NCAs when they consider potential financial stability risk associated with leverage in AIFs...21 August 2020 Amendments to the ICMA Primary Market Handbook published...14 August 2020 ICMA responds to EBA consultation on contractual recognition of stay powers under BRRD...5 August 2020 Update on netting enforceability in the People's Republic of China...29 July 2020 Joint association letter on digital future for financial markets...28 July 2020 ESMA preparing new RTS to further postpone CSDR Settlement Discipline to 1 February 2022...28 July 2020 New ICMA members in July 2020...22 July 2020 Almost 1.5 million trades reported under SFTR in week one...15 July 2020 ICMA responds to EC consultation on the Renewed Sustainable Finance Strategy...13 July 2020 SFTR goes live...10 July 2020 ICMA submits response to ESMA Survey on Topics for the CSDR Review...6 July 2020 ICMA AMIC submits response to the EC consultations on the integration of sustainability risks in UCITS, AIFMD and MiFID...2 July 2020 ICMA publishes updated FinTech Mapping Directory...30 June 2020 ICMA expands scope of Bond Market Transparency Directory...30 June 2020 Transition to risk-free rates: an official sector panel discussion from ICMA...30 June 2020 ICMA ERCC publishes second update to its SFTR recommendations...30 June 2020 ICMA responds to the European Commission call for feedback on the Report from the High Level Forum (HLF) on Capital Markets Union...25 June 2020 ICMA responds to European Commission Consultation on a new digital finance strategy for Europe / FinTech Action Plan...24 June 2020 ICMA statement on decision of UK government not to implement CSDR-SD measures...15 June 2020 ICMA ERCC responds to ESMA’s consultation on its First Report on Central Clearing Solutions for Pension Scheme Arrangements...12 June 2020 ICMA preliminary thoughts on the Report of the High Level Forum on the Capital Markets Union...12 June 2020 ICMA responds to ESMA's consultation paper on MiFID II/ MiFIR review report on the transparency regime for non-equity and the trading obligations for derivatives...11 June 2020 ICMA responds to EC consultation on the Review of the Non-Financial Reporting Directive (NFRD)...9 June 2020 Green & Social Bond Principles publish Sustainability-Linked Bond Principles and update the Social Bond Principles and other key guidance...3 June 2020 ICMA publishes update memorandum to the 2020 ICMA GMRA legal opinion for Russia relating to moratorium measures introduced to the Bankruptcy Law...2 June 2020 First edition of ICMA’s FinTech Newsletter – read about our work and other market news on FinTech and market electronification...28 May 2020 ICMA issues report on performance of the European investment grade corporate bond markets during the COVID-19 crisis...22 May 2020 Message from Martin Scheck, ICMA’s Chief Executive...21 May 2020 ICMA publishes briefing note on CSDR Settlement Discipline - cash compensation in the case of bond markets...21 May 2020 ESMA confirms ICMA proposals for reporting of central bank repos under MiFIR ...20 May 2020 ICMA submits letter to European Commission and ESMA outlining industry concerns on timely implementation of CSDR mandatory buy-in provisions...15 May 2020 ICMA responds to European Commission MiFID II/R review consultation paper ...12 May 2020 New online education courses from ICMA...11 May 2020 ICMA issues high-level definitions for sustainable finance...30 April 2020 ICMA publishes update memorandum on the EU’s sustainability disclosure regime...29 April 2020 ICMA publishes an in-depth report on consolidated tape for greater post-trade transparency in the EU bond markets...22 April 2020 ICMA ERCC releases updated version of its SFTR recommendations...21 April 2020 ICMA publishes 38th survey of the European repo market and report on market conditions during the COVID-19 pandemic...17 April 2020 ICMA AMIC publishes its response to the EC consultation on the EU Ecolabel for financial products...16 April 2020 ICMA publishes 2020 legal opinions on global master repo agreement...8 April 2020 ICMA ERCC launches webinars on key topics that have impacted the repo market...7 April 2020 ICMA publishes Bond Market Post-Trade Transparency Directory...6 April 2020 ICMA Quarterly Report Second Quarter 2020 now available...2 April 2020 ICMA publishes Repo Trading Technology Directory...31 March 2020 Green and Social Bond Principles with ICMA underline relevance of Social Bonds in addressing COVID-19 crisis and provide additional guidance...31 March 2020 ICMA offers clarification of ESMA’s delay to the SFTR go-live...31 March 2020 New ICMA members in March 2020...26 March 2020 ESMA clarifies position on backloading...25 March 2020 Amendments to the ICMA Primary Market Handbook published...23 March 2020 ICMA Euro commercial paper (ECP) materials are made available to the wider market...19 March 2020 ICMA AMIC responds to EC consultation on improving resilience of financial services against cyberattacks...19 March 2020 COVID-19 – ESMA postpones reporting obligations under SFTR...18 March 2020 ICMA responds to the European Commission's consultation on an EU framework for markets in crypto-assets...16 March 2020 ICMA together with ISLA writes to ESMA to request a delay to the implementation of reporting under SFTR...12 March 2020 Announcement re: 52nd ICMA AGM & Conference, Vienna, June 24 - 26...10 March 2020 ICMA AMIC publishes its first Review of 2020...9 March 2020 European Commission’s TEG on Sustainable Finance releases Usability guide for the EU Green Bond Standard and the Final report on the EU Taxonomy...5 March 2020 ICMA publishes FAQs on CSDR mandatory buy-ins and Securities Financing Transactions...4 March 2020 Time to act - ICMA issues study on the state of the European investment grade corporate bond secondary market...27 February 2020 ICMA publishes Quick Guide to the transition to risk-free rates in the bond market...24 February 2020 ICMA’s ERCC publishes guide to reporting under the SFTR ...20 February 2020 ICMA publishes a Compendium of international policy initiatives and best market practice for sustainable finance...6 February 2020 Results of the 2020 ICMA ERCC elections...5 February 2020 New ICMA members in February 2020...30 January 2020 ICMA AMIC and the IA write to European Commission expressing concerns about the potential bond market impacts of the CSDR mandatory buy-in provisions...23 January 2020 Green Bond Principles establishes a Working Group on sustainability/KPI-linked bonds...22 January 2020 ICMA AMIC and EFAMA update their report on Managing Fund Liquidity Risk in Europe...17 January 2020 ICMA AMIC publishes discussion paper - review of the European Long-Term Investment Fund (ELTIF) Regulation...14 January 2020 The European repo market at 2019 year-end - an ICMA European Repo and Collateral Council Briefing Note...13 January 2020 ICMA responds to ESAs’ Joint Consultation Paper concerning amendments to the PRIIPs KID...10 January 2020 ICMA Quarterly Report First Quarter 2020 now available...3 January 2020 New ICMA members in January 2020...2 January 2020 ICMA ERCC responds to the European Commission’s public consultation on Implementing the Final Basel III Reforms in the EU...20 December 2019 European bond markets still facing challenges in 2nd year of MIFD II/R implementation...19 December 2019 ICMA responds to the European Commission’s consultation on the EU Benchmarks Regulation...19 December 2019 ICMA publishes briefing note on the political agreement on the EU taxonomy...19 December 2019 ICMA publishes Master Regulatory Reporting Agreement...18 December 2019 ICMA publishes Distributed Ledger Technology (DLT) Regulatory Directory and Brief...17 December 2019 Amendments to the ICMA Primary Market Handbook published...27 November 2019 New market buy-in regime threatens European bond market liquidity...27 November 2019 ICMA AMIC publishes its latest Review...22 November 2019 ICMA publishes updated Electronic Trading Platform (ETP) mapping directory...14 November 2019 ICMA to update its buy-in rules to support implementation of EU CSDR mandatory buy-in provisions...13 November 2019 ICMA European repo survey sets market size at EUR 7,761 billion...22 October 2019 New ICMA members in October 2019...1 January 1970 ICMA NEWS ARCHIVE...
Key Issues
COVID-19 Market Updates
Updates and guidance on market and regulatory issues. ...Brexit: Implications for ICMA members
Following the UK’s withdrawal from the EU on 31 January 2020 ...Benchmark reform and transition to risk-free rates
ICMA has been engaging with regulators and members on the global issue of benchmark reform ...Mandatory buy-ins under CSDR
Inclusion of mandatory buy-in regime in CSDR has been highly contentious. ...EU SFT Regulation
On 13 July SFTR introduced an extensive reporting regime for repo and other securities ...
ICMA Education
ICMA Fixed Income Certificate (FIC)
Livestreamed, 29 October-27 November 2020ICMA Primary Market Certificate (PMC)
Livestreamed, 3 November-2 December 2020Corporate Actions - Operational Challenges
Livestreamed, 30 November-8 December 2020Securities Operations Foundation Qualification (SOFQ)
Online self-study, 1 December-31 May 2021Introduction to Green, Social and Sustainability (GSS) Bonds
Online self-study, 1 December-31 May 2021Introduction to Bond Markets Qualification (IBMQ)
Online self-study, 1 December-31 May 2021Financial Markets Foundation Qualification (FMFQ)
Online self-study, 1 December-31 May 2021Introduction to Primary Markets Qualification (IPMQ)
Online self-study, 1 December-31 May 2021
600 members
62 countries