Continually Working to Develop Efficient and Effective Collateral Markets

This occasional paper from ICMA’s European Repo Council (ERC)* summarises continuing work which the ERC has been engaged in, collaboratively with others including in the public sector, to develop efficient and effective collateral markets.  This illustrates the ERC’s commitment to continue to guide the repo markets in providing finance to the real economy.

Click here to view the paper

Published 4 September 2014

Collateral is the new cash: the systemic risks of inhibiting collateral fluidity

The paper from ICMA’s European Repo Council* describes the increasing importance of collateral and how it effectively underpins the functioning of capital markets that provide the basis for economic growth. The paper calls for regulators to consider the impact of financial regulation on the movement of collateral, highlighting the potential systemic risks of inhibiting collateral fluidity and the negative impact this could have on the stability and efficiency of capital markets.

Click here to view the paper

Published 3 April 2014

Associated annexes

Leverage Ratio

Net Stable Funding Ratio

Asset Encumbrance


*On 4 December 2015, the name of the European Repo Council (ERC) was changed to the European Repo and Collateral Council (ERCC).

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 8375 6613
25 rue du Quatre Septembre
75002 Paris

ICMA Brussels
T: +32 2 801 13 88
Avenue des Arts 56
1000 Brussels
ICMA Hong Kong
T: +852 2531 6592
Unit 3603, Tower 2
Lippo Centre
89 Queensway, Admiralty
Hong Kong (general enquiries) (education enquiries) (sustainable finance)
Copyright © 2024 International Capital Market Association.