ICMA | International Capital Market Association
ICMA Update for Members June 2014
Very many of you will have attended our recent AGM and conference in Berlin, where we heard a series of wide ranging keynote speeches and panels on the capital markets. These highlighted how the capital markets are increasingly contributing to economic growth, and considered how they need to evolve in order to fulfill this role even more actively. The AGM also provided a good opportunity to update you our members on our activities and allowed you to review how we are operating and the progress of our key initiatives. I hope that you will feel able to contact me directly with your views on our work programme and our performance, or to get involved with the work of the association.

Martin Scheck
Chief Executive, ICMA

If you have any comments on this update or its contents please contact us at: ICMACorporateCommunications@icmagroup.org

The helpdesk service for members is the first point of contact to get directly in touch with ICMA legal and regulatory experts for information and guidance on a range of issues that affect your business in the debt capital markets. The helpdesk numbers are answered by ICMA staff during normal business hours, usually 8.00 to 18.00 CET. Outside those hours you can contact us through two dedicated e-mail addresses:
For legal queries: legalhelpdesk@icmagroup.org
For market practice and regulatory policy queries: regulatoryhelpdesk@icmagroup.org

Telephone: + 44 20 7213 0341 | + 41 44 360 5237
New ICMA Members in June
E D & F Man Capital Markets Limited, London, United Kingdom
HSBC Securities (USA) Inc., New York, United States
Nomura Financial Products & Services, Inc., Tokyo, Japan
Sberbank (Switzerland) AG, Zurich, Switzerland
Sberbank CIB (UK) Limited, London, United Kingdom
Sberbank Europe AG, Vienna, Austria
Scotiabank (Ireland) Limited, Dublin , Ireland
SIB (Cyprus) Limited, Nicosia, Cyprus
Philippines Bureau of Treasury, Manila, Philippines

These new members bring the size of ICMA's membership to 457 firms in 53 countries.
Contact: Sanaa.clausse@icmagroup.org
ICMA AGM elects new board members
At the ICMA Annual General Meeting held on 5 June 2014 in Berlin Bertrand de Mazières, European Investment Bank, Luxembourg was elected to the ICMA Board for the first time. Baudouin van Caubergh KBC Bank N.V., Brussels; Spencer Lake ,HSBC Bank plc, London and Tim Skeet, The Royal Bank of Scotland plc, London were re-elected.
ICMA establishes Asian Advisory Council
Following the successful opening last autumn of its Asia Pacific Representative office in Hong Kong to support members in the region, ICMA has established an Asian Advisory Council to provide strategic direction for its regulatory policy and market practice work.

Contact: Mushtaq.kapasi@icmagroup.org
ICMA Women's Network
ICMA has established a women's network within its membership with the following aims:
• Opening up a geographically broad women's network grounded firmly within the existing ICMA structure
• Fostering the pipeline into management by focusing on career strategy
• Providing an impartial and open forum to discuss issues relevant to professional women

Contact: ICMAWomensNetwork@icmagroup.org
ICMA AGM and Conference 2014 and 2015
The 46th ICMA AGM and Conference took place in Berlin from 4 to 6 June. More than 650 senior capital market participants and observers attended the conference at the InterContinental Hotel Berlin and the networking events at the New National Gallery and the German Historical Museum. Delegates heard an impressive line-up of regulators, politicians, central bankers and market participants speaking on topics related to ICMA's work programme including: the importance of capital markets in financing economic growth; the role of collateral and repo; prospects for European banking union; and developments in Chinese and in German capital markets.

Save the date for the 47th ICMA AGM and Conference
Amsterdam, 3 - 5 June, 2015
Contact: shannelle.rose@icmagroup.org
New Chair for ICMA Gulf region
We are delighted to welcome Fawaz Abusneineh, Managing Director, Head of Debt Capital Markets, National Bank of Abu Dhabi as the chair of the ICMA Gulf Region Committee. ICMA's regional structure was created with a view to establishing an appropriate means of acknowledging the geographic diversity of its global membership. There are currently 13 regions and 3 chapters within ICMA, each of which has its own regional committee to represent the interests of the region's members.
ICMA Members Register 2014
The 2014 ICMA Members' Register will be published later this month and copies will be mailed to the Principal Delegate at each ICMA member firm in July. Additional printed copies are available to order.

Contact: membership@icmagroup.org
Video presentations
Presentations by ICMA staff and Committee chairs on key aspects of ICMA's work can now be viewed from the website.
Market Practice and Regulatory Policy update
For a full list of ICMA's Market Practice and Regulatory Policy experts and their areas of expertise click here.
New ICMA Members in June
ICMA AGM elects new board members
ICMA establishes Asian Advisory Council
ICMA Women's Network
ICMA AGM and Conference 2014 and 2015
New Chair for ICMA Gulf region
ICMA Members Register 2014
Video presentations
Market Practice and Regulatory Policy update
ICMA Executive Education
Most ICMA events are accredited under the Solicitors Regulation Authority (formerly The Law Society's) CPD Scheme. See ICMA website for details.
European Regulation: An Introduction for Capital Market Practitioners

London, 27 June
SAVE THE DATE for these ICMA Events in the second half of 2014
Global Master Agreements for Repo and Securities Lending Workshop
London, 24-26 September
The 7th Annual bwf and ICMA Capital Markets Conference
Frankfurt, 1 October
Bond syndication practices for compliance professionals and other non-bankers - an ICMA Workshop
London, 11 November
The 8th ICMA Primary Market Forum
London, 12 November
ICMA European Repo Council (ERC) General Meeting
London, 19 November
4th Africa Debt Capital Markets Summit
London, 30 June
The Collateral World Summit
London, 23-24 September
More detailed information on ICMA Market Practice and Regulatory Policy work on behalf of members can be found in the ICMA Quarterly Report for the Third Quarter which will be published on 9 July.
The ICMA Regulatory Grid which summarises proposed financial regulations affecting the cross-border securities market in Europe is available for download on the locked members-only area of the ICMA website. It is a working draft provided by the ICMA Market Practice and Regulatory Policy team and is periodically updated.
ICMA Executive Education
New course - the ICMA Guide to Best Practice in the European Repo market
ICMA’s Guide to Best Practice in the European Repo market was published in March, it aims to encourage an orderly market in repo in Europe by recommending practices which market experience suggests can help avoid uncertainties or disagreements, and the consequent delays or disruption to repo trading & settlement. The new one day course will look in detail at the issues covered in the Guide and will ┬ábe relevant to staff in trading and sales, treasury, trade support, product and business management, collateral management, margining, settlement and legal/documentation.

Primary Market Certificate in Hong Kong
The long established ICMA Primary Market Certificate Course will run in Hong Kong for the first time from 22 to 26 September. The programme examines the entire life cycle of bond issuance, from considering the financing choices through to the closing of transactions in the marketplace. While the course examines the theoretical principles underpinning the markets, and the instruments and financing techniques that are available, emphasis is placed on interpreting and using that knowledge in practical case studies. Candidates who gain this qualification therefore will have all the requisite tools to add value now to their company’s activities in the primary markets.

IFID Distance Learning
ICMA Executive Education’s IFID training programme is the benchmark qualification for the fixed income market, putting emphasis on developing practical skills for trading, investment and risk management. The IFID is available online as a Distance Learning programme, where students work through the training at their own time (subject to a six month exam deadline), pace and location with ongoing support from expert e-tutors at the IFID OnLine Campus. Register online and join our global student community!
Contact: david.senior@icmagroup.org

New courses added for autumn 2014
ICMA Executive Education courses are accredited under the Solicitors Regulation Authority (formerly The Law Society's) CPD Scheme - please see ICMA website for details.

ICMA Executive Education Skills Courses
Mastering Mandates:
London: 7-8 October 2014
Part I, Introductory Programmes
Financial Markets Foundation Course (FMFC):
Luxembourg: 22-24 September 2014
London: 5-7 November 2014

Securities Operations Foundation Course (SOFC):
London: 10-12 September 2014
Brussels: 12-14 November 2014
  Part II, Intermediate Programmes
International Fixed Income and Derivatives (IFID) Certificate Programme:
Next classroom-based course:
Barcelona: 26 October-1 November 2014

Operations Certificate Programme (OCP)
Brussels: 16-22 November 2014

Primary Market Certificate (PMC):
Hong Kong: 22-26 September
London: 17-21 November 2014
  Part III, Specialist Programmes
****New courses added for autumn 2014****

The ICMA Guide to Best Practice in the European Repo Market:
London: 22 September 2014
London: 17 November 2014

Collateral Management
London:9-10 October 2014

Credit Default Swaps (CDS) - Features, Pricing & Applications
London:22-23 October 2014

Fixed Income Portfolio Management
London:27-28 November 2014

The full 2014 course schedule is available here, www.icmagroup.org/Training-Development
This communication is presented by the International Capital Market Association (ICMA). ICMA believes that the information contained in the communications is accurate and reliable but makes no representations or warranties, express or implied, as to its accuracy and completeness. © International Capital Market Association (ICMA), Zurich, 2014. All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means without permission from ICMA.

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