Welcome to the ICMA Quarterly Report Third Quarter 2026
The Foreword to the ICMA Quarterly Report for the Third Quarter of 2026 is by Bryan Pascoe, Chief Executive of ICMA. There are thought leadership features on: Making Treasury clearing work: the importance of cross-product netting and existing legal frameworks; China's integration into the global fixed income market: policy reforms, market dynamics, and the future of market liquidity; One language, multiple rails: a common standard for digital and traditional assets; Agents, not assistants: agentic AI in capital markets; Covered bonds and SSAs: symbiosis and resilience; and the benefits of 28th Regimes for enhanced unity and more common strength in a challenging phase of EU integration.
The Quarterly Report also includes international capital market practice and regulatory policy updates on primary markets, secondary markets, repo and collateral markets, buy-side, sustainable finance, and FinTech and digitalisation.
We welcome feedback and comment on the issues raised in the report; please e-mail quarterlyreport@icmagroup.org or alternatively, the ICMA contact whose e-mail address is given at the end of the relevant article.
PDF version: issue no 82: ICMA Quarterly Report Third Quarter 2026
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