ICMA - International Capital Market Association

MiFID II/R comes into force on January 3, 2018

MiFID II/R will have profound implications for the capital markets. ICMA is working with its sell and buy side members to resolve issues around implementation and a MiFID II/R resource centre is available on this site.

Green and Social Bond Principles Sustainability Bond Guidelines

Aiming to enable and develop the key role debt markets can play in funding projects that contribute to environmental sustainability and positive social outcomes.

Online Learning

ICMA Executive Education offers candidates the opportunity to study several of our qualifications online through our bespoke training platform.

ICMA GMRA Legal opinions

The 2017 GMRA legal opinions cover both the enforceability of the netting provisions of the GMRA as well as the validity of the GMRA as a whole. The legal opinions, presenting major cost savings for member firms active in the repo market, currently cover 66 jurisdictions and are updated annually.

ICMA Women's Network

A geographically broad women’s network grounded firmly within the existing ICMA structure, which fosters the pipeline into management by focusing on career strategy and provides an impartial and open forum to discuss issues relevant to professional women.

ICMA in Asia Pacific

With a growing membership in Asia Pacific, ICMA set up a representative office in Hong Kong in 2013 and stepped up its activities and offering for its members in the region. Find out more about ICMA’s work in Asia Pacific.

News in brief

19 October 2017 Panda bonds - the foreign issuer perspective - new report from ICMA and NAFMII outlines progress made in making China’s domestic bond markets accessible to international issuers...

17 October 2017 Latest ICMA survey sets baseline size of the European repo market at EUR 6,455 billion - Suggests recovery in market volumes since December 2016...

16 October 2017 ICMA responds to IOSCO’s consultation paper on Regulatory Reporting and Public Transparency in the Secondary Corporate Bond Markets...

12 October 2017 ICMA Quarterly Report Fourth Quarter 2017 now available...

5 October 2017 ICMA responds, jointly with the ASF, GFMA and IIF, re BCBS/IOSCO’s Consultative Documents on “Criteria for and capital treatment of simple, transparent and comparable short-term securitisations...

26 September 2017 Results of the pilot survey of repo markets in Asia-Pacific are published...

18 September 2017 ICMA AMIC responds to IOSCO consultations on investment fund liquidity risk management...

14 September 2017 Green Bond Principles publishes translations of its international guidelines...

24 August 2017 New ICMA members in August 2017...

23 August 2017 MiFID II/R implementation update August 2017...

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22 August 2017 High-level data on European investment grade bond markets from multiple sources on ICMA website...

15 August 2017 ICMA AMIC responds to Central Bank of Ireland consultation on ETFs...

19 July 2017 AMIC & EFAMA publish report on leverage in investment funds...

13 July 2017 ICMA & AFME publish review of the state of infrastructure financing in Europe...

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4 July 2017 ICMA Future Leaders launches Get Involved! A guide for young professionals in the international capital market....

27 June 2017 Join the new ICMA Mentoring Platform – connecting ICMA members for personal and career growth in capital markets ...

22 June 2017 ICMA publishes study into the state and evolution of the European credit repo market...

14 June 2017 Green Bond Principles evolve to encourage new categories of issuers and embrace Social & Sustainability Bond market participants...

2 June 2017 ICMA ERCC launches bilateral SFTR reconciliation exercise...

31 May 2017 New ICMA members in May 2017...

17 May 2017 Professional training programmes for today's international financial markets – an update from ICMA Executive Education...

15 May 2017 ICMA response to the Commission’s consultation on the operations of the ESAs...

15 May 2017 ICMA publishes a Position Paper on CSDR Settlement Discipline...

12 May 2017 ICMA Bail-in Working Group held a seminar on 7 April 2017...

12 May 2017 ICMA AGM & Conference 2017 highlights...

11 May 2017 Save the date! ICMA 50th AGM and Conference 2018...

11 May 2017 ICMA response to the FSB consultation on Framework for G20 Reform Evaluation...

11 May 2017 MiFID II/R Post-trade transparency: trade reporting deferral regimes. An ICMA Position Paper - May 2017...

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4 May 2017 New ICMA Chairman...

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2 May 2017 ICMA meets in Luxembourg to discuss forces shaping the cross-border capital markets...

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26 April 2017 UK Money Markets Code...

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20 April 2017 The euro repo market at March 2017 quarter-end ...

19 April 2017 Stay connected with the ICMA app...

12 April 2017 ICMA publishes 2017 GMRA Legal Opinions...

28 March 2017 ICMA is pleased to welcome the following new members March 2017:...

16 March 2017 The latest version of the ICMA Regulatory Grid on the cross-border securities markets...

14 March 2017 GDP-linked sovereign bonds...

12 March 2017 ICMA response to the European Commission consultation on Capital Markets Union Mid-Term Review...

7 March 2017 ICMA now has 509 members in 60 countries...

1 March 2017 ICMA announces an update of its Buy-in Rules...

20 February 2017 Results of 2017 ICMA ERCC Committee elections...

14 February 2017 Latest ICMA survey sets baseline size of the European repo market at EUR 5,656 billion...

14 February 2017 Best practice in the European repo market...

14 February 2017 The euro repo market at year-end 2016...

10 February 2017 ICMA is pleased to welcome the following new members February 9, 2017:...

30 January 2017 Stéphane Janin, AXA IM, and Axel van Nederveen, EBRD, to be new vice-chairs of the Executive Committee for ICMA’s Asset Management and Investors Council...

17 January 2017 ICMA response to FMSB’s Transparency Draft New Issue Process standard for the Fixed Income markets...

5 January 2017 ICMA is pleased to welcome the following new members January 1, 2017:...

22 December 2016 ICMA is pleased to welcome the following new members in December 2016:...

21 December 2016 ICMA Bail-in Working Group’s latest discussion letter to the ECB...

2 December 2016 Results of the consultation on the ICMA Buy-in Rules...

1 December 2016 ICMA ERCC responds to ESMA’s consultation paper on SFTR...

ICMA NEWS ARCHIVE...

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Key Issues

MiFID II/R implementation

MiFID II/R will impact almost all of our members ...

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Green, Social and Sustainability bonds

2017 update of the GBP is now available. ...

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Brexit: Implications for ICMA members

Brexit negotiations and the implications for international capital markets ...

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Market Abuse Regulation (MAR)

Primary market aspects of Market Abuse Regulation including new market soundings ...

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Central Securities Depository Regulation (CSDR)

Inclusion of mandatory buy-in regime in CSDR has been highly contentious. ...

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Quarterly Report ICMA Primary Market Handbook ICMA Rule Book Repo Documents Legal or Regulatory queries? Members Register

ICMA Executive Education

ICMA Fixed Income Certificate (FIC)

Amsterdam, 23-27 October 2017

Collateral Management

London, 25-26 October 2017

Corporate Actions - An Introduction

London, 2-3 November 2017

Financial Markets Foundation Qualification (FMFQ)

London, 6-8 November 2017

Fixed Income Portfolio Management

London, 9-10 November 2017

Inflation-Linked Bonds and Structures

London, 13-14 November 2017

Securities Operations Foundation Qualification (SOFQ)

London, 15-17 November 2017

ICMA Operations Certificate Programme (OCP)

Brussels, 20-24 November 2017

Securitisation – An Introduction

London, 22-23 November 2017

The ICMA Guide to Best Practice in the European Repo Market

London, 27 November 2017

ICMA Primary Market Certificate (PMC)

London, 27 November-1 December 2017

Credit Default Swaps (CDS) - Pricing, Applications & Features

London, 28-29 November 2017

Introduction to Primary Markets Qualification (IPMQ)

London, 29-30 November 2017

Credit Default Swaps (CDS) - Operations

London, 30 November 2017

Securities Lending & Borrowing - Operational Challenges

London, 11-12 December 2017

Compliance and Fixed Income

London, 13 December 2017

ICMA Workshop: MiFID II/R - practical implications for fixed income trading

Frankfurt, 26 October 2017

ICMA Workshop: MiFID II/R - practical implications for fixed income trading

Milan, 27 October 2017

The internationalisation of the Chinese capital market: Opportunities and challenges

Shanghai, 31 October 2017

ICMA Workshop: Bond syndication practices for compliance and middle office professionals

London, 1 November 2017

Developments in Green and Social Bond Markets – the Asian perspective

Tokyo, 2 November 2017

The 11th ICMA Primary Market Forum

London, 8 November 2017

ICMA Asset Management and Investors Council Conference

London, 8 November 2017

ICMA Workshop: Repo and securities lending under the GMRA and GMSLA

London, 8-10 November 2017

ICMA European Repo and Collateral Council General Meeting

Brussels, 14 November 2017

ICMA Women’s Network & UniCredit Diversity Network: Challenging Perceptions: Unconscious bias – how it affects networking & career progression

London, 15 November 2017

ICMA Seminar: Bank resolution and bail-in – the market perspective

Zurich, 16 November 2017

ICMA Workshop: GMRA Masterclass – a clause-by-clause analysis & Annex I negotiation

London, 20-21 November 2017

ICMA Future Leaders : Quelle est la nouvelle donne ? L’évolution de la relation entre les employeurs et les salariés

Paris, 5 December 2017

ICMA Switzerland & Liechtenstein Ski Weekend 2018

Switzerland, 19-21 January 2018