Updates:
February 2021: Proposed reconstitution of the Commercial Paper Committee
Following the ICMA European Commercial Paper workshop in November 2020 and follow-up call in December 2020, it is proposed that ICMA’s executive committee:
- rename the Euro Commercial Paper Committee (ECP Committee) as the Commercial Paper Committee (CPC).
- widen the membership of the CPC to reflect the entire ecosystem of the European commercial paper market, including representatives of issuers (financial and corporate), investors, dealers, and infrastructures.
November 2020: The European Commercial Paper Market Reimagined
In November 2020, in response to member interest, ICMA hosted a workshop entitled The European Commercial Paper Market Reimagined. The objectives of the workshop were: (i) to look back on how the European Commercial Paper (CP) market performed during the peak of the COVID-19 crisis, and (ii) to identify possible initiatives, whether market-based or regulatory, that could help in developing the market. Participants in the workshop included issuers (financial and corporate), investors (including money market funds), dealers, and infrastructures. ICMA has published a note of the workshop, which was held under Chatham House Rules.
The current composition of the ICMA Euro Commercial Paper (ECP) Committee is as follows:
Giles Chapman
ABN AMRO Bank N.V.
Mahmoud Francis
Aurel BGC
Sylvie Nevejans
Aurel BGC
Bruno Tokarski
Aurel BGC
Stewart Cutler
Barclays Capital Securities Limited
Audrey Berthe
BNP Paribas
Julien Tapin
BNP Paribas
Christine Mahamba
BRED Banque Populaire
Marc Ryszfeld
BRED Banque Populaire
James Barnard
Citigroup Global Markets Limited
David Hayes
Citigroup Global Markets Limited
Jean-Luc Sinniger
Citigroup Global Markets Limited
Guenter Rutner
Commerzbank Aktiengesellschaft
Alexander Stumpf
Commerzbank Aktiengesellschaft
Robert Ruisch
Coöperatieve Rabobank U.A. (trading as Rabobank)
Leon Vermeulen
Coöperatieve Rabobank U.A. (trading as Rabobank)
Laurent Giovanetti
Crédit Agricole Corporate and Investment Bank
Jonathan Eyles
Credit Suisse Securities (Europe) Limited
Samora Hunt
Credit Suisse Securities (Europe) Limited
Marnix Bruning
ING Bank N.V.
Sietske de Bruine
ING Bank N.V.
John Kodweis
J.P. Morgan Securities plc
Daniel Singer
J.P. Morgan Securities plc
Gary Arndt
Merrill Lynch International
Natalie Mordi-Hillaert
Merrill Lynch International
Sloane Klonsky
Morgan Stanley & Co. International PLC
Naeem Choudry
MUFG Securities EMEA plc
Valerie Bichat
Natixis
Christophe Carlet
Natixis
Sylvain Teukap
Natixis
Jonathan Ragon-Paxton
NatWest Markets plc
Jonas Andersson
Skandinaviska Enskilda Banken AB (publ)
Soazig Chapelain-Perfetti
Société Générale S.A.
Paolo Galimberti
UBS AG
Anthony Nicholls
UBS AG
Alberto Covin
UniCredit S.p.A.
Contact:
Andy Hill
Senior Director, Market Practice and Regulatory Policy; secretary to the Secondary Market Practices Committee and also responsible for overseeing repo policy.
Direct line: +44 20 7213 0335