The ICMA Secondary Market Practices Committee is an open forum for sell-side and buy-side member firms active in the international, cross-border secondary bond markets. Through open dialogue and engagement, as well as through its subsidiary working groups and work-streams, it seeks to be the representative body of the international, cross-border secondary bond markets: addressing practical issues directly relevant to market practitioners; standardising market best practice; disseminating relevant market information; and promoting the best interests of efficient and liquid markets.

2019 Priorities

• Bond market liquidity
• MiFID II/R implementation (particularly with respect to data and reporting)
• Market electronification and technology
• Developing the Secondary Market Rules & Recommendations
• CSDR mandatory buy-ins 
• Brexit implications for secondary bond markets
• Developing ICMA’s secondary markets franchise in the APAC region

Any member firms active in the European IG corporate bond secondary market should contact Andy Hill, secretary to the SMPC, to learn more about its objectives, work-streams, and output, as well as to participate in future meetings.

Please find minutes from the previous SMPC meetings below.

• 19 March 2019
• 28 November 2018
• 19 September 2018
• 3 May 2018
• 6 February 2018
• 30 November 2017
• 18 September 2017
• 2 May 2017
• 25 January 2017
• 3 November 2016
• 10 August 2016
• 17 May 2016
• 4 February 2016
• 8 October 2015
• 2 July 2015
• 26 March 2015

The minutes from the meeting held in London on 5 June 2019 will be published here in due course.

The next meeting of the SMPC will take place from 3-5 p.m. BST on 24 September 2019, hosted by T. Rowe Price in London. The agenda (and dial-in details) will be provided here soon.

The subsequent meeting is provisionally scheduled for the afternoon of 26 November 2019 (with ICMA to host).

Sell-side and buy-side traders and market structure experts active in the international cross-border secondary bond markets are encouraged to participate in the SMPC meetings. Anybody interested in attending the next meeting, or wishing to learn more about the various SMPC work-streams and Working Groups, should contact Andy Hill or Mathilde Babel.


The current composition of the Committee

David Camara    
Co-chair
Goldman Sachs International

Yann Couellan
Co-chair
BNP Paribas AM

Ruud Teeuwen    
ABN AMRO Bank N.V.
   
Christophe Marcilloux    
Amundi Asset Management

Yannig Loyer
AXA Investment Managers GS Limited

Lee Sanders
AXA Investment Managers GS Limited

Mark Watters
AxeTrading Limited

Gherardo Lenti Capoduri
Banca IMI S.p.A.

Pablo Fenoll
Banco Bilbao Vizcaya Argentaria, S.A.

Dominic Holland    
The Bank of New York Mellon

Christian Pfund    
Bank Vontobel AG

Andrew Wallhead
Barclays Capital Securities Limited

Nick Atkinson    
Bayerische Landesbank

Arran Rowsell
BGC Brokers L.P.

Stephen Fisher    
BlackRock Investment Management (UK) Limited

Olivier Renart    
BNP Paribas London Branch

Martina Ben-Shaul    
Canadian Imperial Bank of Commerce London Branch

Jeannie Tan
Citigroup Global Markets Limited

Heiko Goetz
Commerzbank AG

William Dawber 
Commonwealth Bank of Australia London Branch

Mariano Goldfischer
Crédit Agricole Corporate and Investment Bank

Simon Elliott
Daiwa Capital Markets Europe Limited

Morten Grove    
Danske Bank A/S

Mario Muth
Deutsche Bank AG London Branch

Marco Ferrari
EFG Bank AG

Kemal Cenan    
European Bank for Reconstruction and Development (EBRD)

Nicola Mercusa    
European Investment Bank

Stephane Malrait    
ING Bank N.V.

Vanaja Indra
Insight Investment Management (Global) Limited

Nick Robinson
Insight Investment Management (Global) Limited

Barbara Zittucro    
Intesa Sanpaolo S.p.A.

Paul Glasgow
J.P. Morgan Securities plc

Craig Colenso    
Jefferies International Limited

Chris Muyldermans    
KBC Bank N.V.

Antony Baldwin
LCH Limited

Aalok Gupta
Merrill Lynch International

Ruchi Gawri    
Morgan Stanley & Co. International PLC

Andrew Santone   
National Australia Bank Limited

Rahni Soliman
National Australia Bank Limited

Katsuko Ishizeki
Natixis

Peter Duenas-Brckovich
NatWest Markets plc

Oscar Kenessey    
NN Investment Partners B.V.

Andrew Bowley    
Nomura International plc

Koji Nakaya
Nomura International plc

Fredrik Jenestrand    
Nordea Bank Abp

Tina Bach
Nordea Investment Management AB

Pauli Mortensen    
Norges Bank

Barnard Meillet    
Oddo BHF SCA

Lorenzo Pagani    
PIMCO Europe Ltd

Robert Kliesspiess    
Raiffeisen Bank International AG

Tim Cole
RBC Europe Limited

Danny Ramos
Santander Asset Management

Vincent Grandjean
Santander UK plc

Ricardo Goddard    
Schroder Investment Management Limited

David Eley    
Skandinaviska Enskilda Banken AB (publ)

Marc Billy    
Société Générale S.A.

Nicholas Philpott
Standard Chartered Bank

Louise Drummond
Standard Life Investments Ltd.

Johan Wijkström    
Swedbank AB (publ)

Paul Cable
T. Rowe Price International Ltd

Wilbur Yang
TD Securities

Sam Johnson    
UBS AG

Martine Wehlen-Bodé    
UBS AG

Kai Seeger    
UniCredit Bank AG

Christoph Hock    
Union Investment Privatfonds GmbH

Nick Bennet
Wells Fargo Bank, N.A.

Joshua Masters    
Westpac Banking Corporation