Welcome to the ICMA Quarterly Report Fourth Quarter 2020

The International Capital Market Association's Assessment of Market Practice and Regulatory Policy
This Quarterly Report is produced by the Market Practice and Regulatory Policy team at ICMA.

The ICMA Quarterly Report for the Fourth Quarter of 2020 highlights three main themes. The first is COVID-19 as a catalyst for change in international capital markets. This the focus of the Foreword by Janet Wilkinson of RBC, and a Member of the ICMA Board, and the Message from ICMA’s Chief Executive, Martin Scheck. The second is post-Brexit: the way ahead in international capital markets. And the third is sustainable finance, including a feature article by Dr. Tammo Diemer, Member of the Executive Board of Deutsche Finanzagentur. Other features are on Capital Markets Union and financing the recovery from COVID-19; the role of the Eurobond markets; transparency and liquidity in the European bond markets; lessons from COVID-19 and bond ETFs; and Asian bond market developments. The ICMA Quarterly Report also covers other international capital market practice and regulatory developments in the primary markets, secondary markets, repo and collateral markets, sustainable finance, asset management, the transition to risk-free rates, and FinTech in international capital markets.

We welcome feedback and comment on the issues raised in the report; please e-mail regulatorypolicynews@icmagroup.org or alternatively, the ICMA contact whose e-mail address is given at the end of the relevant article.

PDF version: issue no 59: ICMA Quarterly Report Fourth Quarter 2020



If you would like to subscribe to the free ICMA Quarterly Report please click here and select the Market Practice and Regulatory Updates preference. This will ensure that you receive each report as soon as it is published.

Previous editions are available here.

ICMA Zurich

T: +41 44 363 4222
Dreikönigstrasse 8
8002 Zurich
ICMA London

T: +44 20 7213 0310
110 Cannon Street
London EC4N 6EU
ICMA Paris

T: +33 1 70 17 64 72
62 rue la Boétie
75008 Paris
ICMA Hong Kong

T: +852 2531 6592
Unit 3603, Tower 2
Lippo Centre
89 Queensway, Admiralty
Hong Kong
Copyright © 2020 International Capital Market Association.