ICMA - International Capital Market Association

About ICMA

Representing a broad range of capital market interests including banks, asset managers, exchanges, central banks, law firms and other professional advisers, ICMA’s market conventions and standards have been the pillars of the international debt market for almost 50 years.

Online Learning

ICMA Executive Education offers candidates the opportunity to study several of our qualifications online through our bespoke training platform.

ICMA GMRA Legal opinions

The 2015 GMRA legal opinions cover both the enforceability of the netting provisions of the GMRA as well as the validity of the GMRA as a whole. The legal opinions, presenting major cost savings for member firms active in the repo market, currently cover 66 jurisdictions and are updated annually.

ICMA Women's Network

A geographically broad women’s network grounded firmly within the existing ICMA structure, which fosters the pipeline into management by focusing on career strategy and provides an impartial and open forum to discuss issues relevant to professional women.

ICMA Future Leaders

The ICMA Future Leaders reaches out to the new generation of financial professionals within the ICMA membership. ICMA Future Leaders focuses on three core areas: Career Progression;
Education; and Networking.

Green Bonds

The 2016 update of the Green Bond Principles is now available.

ICMA in Asia Pacific

With a growing membership in Asia Pacific, ICMA set up a representative office in Hong Kong in 2013 and stepped up its activities and offering for its members in the region. Find out more about ICMA’s work in Asia Pacific.

ICMA Asset Management and Investors Council

A credible voice for the international investment community at a time of unprecedented change in the global asset and wealth management industry.

News in brief

29 September 2016 Latest ICMA survey sets baseline size of the European repo market at EUR 5,379 billion ... read more

27 September 2016 Save the Date – ICMA AGM & Conference 2017... read more

27 September 2016 ICMA ERCC report published on the trade registration models used by European CCPs for repo transactions... Your Link

23 September 2016 ICMA ERCC responds to ESMA Call for Evidence on Asset Segregation and Custody Services... read more

21 September 2016 ICMA AMIC responds to FSB consultation on proposed policy recommendations to address structural vulnerabilities for asset management activities... read more

12 September 2016 Bank of England publishes Press Notice on the eligibility and sectors under the Corporate Bond Purchase Scheme... read more

8 September 2016 Green Bond Principles win GlobalCapital award for Most Valuable Innovation for the Green Bond/SRI Market... read more

7 September 2016 ICMA AMIC Bail-in Working Group sends discussion letter to ECB... read more

5 September 2016 ICMA launches a consultation on the Buy-in Rules... read more

31 August 2016 ASIFMA and ICMA release guide to infrastructure financing in Asia... read more

18 August 2016 ICMA is pleased to welcome the following new members in August 2016:... read more

12 July 2016 ICMA Quarterly Report Third Quarter 2016... Click here to view

6 July 2016 ICMA ERCC responds to BCBS consultation on the leverage ratio framework... read more

6 July 2016 Liquidity in the secondary European corporate bond market. ICMA publishes second study on state and future evolution of the European corporate bond market... read more

24 June 2016 Implications for ICMA members of the UK vote to leave the EU... read more

24 June 2016 ICMA ERCC responds to Commission consultation on NSFR... read more

16 June 2016 2016 update of the Green Bond Principles creates online resource for voluntary issuer information on Green Bond alignment and introduces guidance for issuers of Social Bonds... read more

13 June 2016 Participate in the ICMA European Repo and Collateral Council's 31st European repo market survey... Click here to view

9 June 2016 ICMA membership at 508 in 58 countries, a 15 year high... read more

23 May 2016 CBIC responds to Review of the Covered Bond Label Harmonised Transparency Template - 2016... read more

29 April 2016 ICMA publishes further thoughts on the ECB’s CSPP following the announcement of details of the Programme on 21 April... read more

22 April 2016 ICMA ERCC responds to ESMA consultation on SFTR... read more

21 April 2016 ICMA publishes briefing note on ECB Corporate Sector Purchase Programme... read more

21 April 2016 Harriett Baldwin, Economic Secretary of UK Treasury to speak at Shanghai Free Trade Zone Bond Seminar in London on 26 April... read more

20 April 2016 ICMA report shows innovative technologies and new market entrants shaping the electronic bond trading landscape in Europe... read more

18 April 2016 ICMA ERCC responds to the FSB consultation on Collateral Re-use Measures... read more

18 April 2016 New fund liquidity report from EFAMA and ICMA outlines tools available to manage liquidity risk... read more

13 April 2016 Five Industry Associations Publish SFTR Information Statement... read more

12 April 2016 ICMA publishes the 2016 legal opinions for the Global Master Repurchase Agreement ... read more

4 April 2016 ICMA ERCC Operations Group responds to the Eurosystem consultation on RTGS services ... read more

31 March 2016 ICMA is pleased to welcome the following new members in March 2016:... read more

21 March 2016 ICMA launches its 2nd European IG Corporate Bond Secondary Market Study... read more

21 March 2016 ICMA publishes ‘Q&A’ briefing note on the regulatory technical standards of MAR... Click here to view

15 March 2016 ICMA briefing note on ECB Corporate Sector Purchase Programme... read more

3 March 2016 Buy and sell side join forces in support of STS securitisation... read more

23 February 2016 Presentation for the ICMA Aged-Fails Auction Initiative... Click here to view

12 February 2016 Results of 2016 ICMA ERCC Committee elections... read more

11 February 2016 Overall repo market outstandings in Europe remain stable despite decline in repo books of G-SIFIs says ICMA Survey... read more

2 February 2016 ICMA publishes overview of CSDR Mandatory Buy-ins Final Regulatory Technical Standards... Click here to view

28 January 2016 ICMA updates briefing note on MiFID II/R trade transparency requirements in respect of bonds... read more

28 January 2016 Corporate bond market liquidity: important meeting of the SMPC on 4 February... read more

20 January 2016 AFME and ICMA publish joint paper on “T2S Wave 1 – Review and Request for Action Following Migration of Italian Market to T2S"... read more

20 January 2016 ICMA responds to European Commission’s Call for Evidence on cumulative impact of regulation... read more

6 January 2016 ICMA CBIC responds to European Commission consultation on covered bonds... Click here to view

6 January 2016 New - Official rules for Chinese Green Bond market... read more

22 December 2015 Amendments to the ICMA Primary Market Handbook published... Click here to view

22 December 2015 ICMA ERCC Ops Group publishes overview on SFT reporting regulations and impact analysis... Click here to view

8 December 2015 ICMA ERCC Ops Group publishes standardised Trade Matching and Affirmation template for repo... Click here to view

7 December 2015 ICMA European Repo Council changes its name to reflect increasing focus on collateral... read more

24 November 2015 New ICMA ERC Operations Group webpage launched... Click here to view

18 November 2015 Post crisis regulation is driving radical change in the European repo market says new ICMA study... read more

16 November 2015 AFME and ICMA welcome G20 Infrastructure recommendations... Click here to view

12 November 2015 ICMA Announces Publication of 2015 Universal Resolution Stay Protocol with Securities Financing Transaction Annex ... read more

11 November 2015 ICMA publishes MiFID II/R and Repo Q&A... Click here to view

5 November 2015 ICMA concludes MoU with CMA, Sultanate of Oman... read more

23 October 2015 ICMA Future Leaders holds its first event in London with over 170 in attendance... Your Link

16 October 2015 ICMA publishes GMRA legal opinion for Malaysia... read more

8 October 2015 ICMA creates centralised source for comparison of fixed income trading platforms in Europe... Click here to view

1 October 2015 ICMA ERC Operations Group responds to Bank of England’s public consultation on “A new sterling money market data collection and the reform of SONIA”... Click here to view

29 September 2015 Growth in the European repo market is stalled according to latest ICMA survey... read more

21 September 2015 ICMA-NAFMII Working Group issues report on practices and procedures in the Chinese and international primary debt capital markets... read more

Key Issues

Brexit: Implications for ICMA members of the UK vote to leave the...

The UK vote to leave the EU: implications for capital market regulation. ICMA Quarterly Report ... Click here to view

Market Abuse Regulation (MAR)

MAR came into force on 3 July ... Click here to view

MiFID II

MiFID II extends much of the equity transparency requirements in MiFID I to fixed income ... Click here to view

Central Securities Depository Regulation (CSDR)

Inclusion of mandatory buy-in regime in CSDR has been highly contentious. ... Click here to view

Green Bond Principles

2016 update of the GBP now available. ... Click here to view

Quarterly Report ICMA Primary Market Handbook ICMA Rule Book Repo Documents Legal or Regulatory queries? Members Register

ICMA Executive Education

Corporate Actions - Operational Challenges

12-13 October 2016

Collateral Management

17-18 October 2016

Introduction to Fixed Income Qualification (IFIQ)

19-21 October 2016

Introduction to Primary Markets Qualification (IPMQ)

24-26 October 2016

ICMA Fixed Income Certificate (FIC)

24-28 October 2016

The ICMA Guide to Best Practice in the European Repo Market

31 October 2016

Securities Operations Foundation Qualification (SOFQ) Online Programme

1 November 2016

Financial Markets Foundation Qualification (FMFQ) Online Programme

1 November 2016

Financial Markets Foundation Qualification (FMFQ)

2-4 November 2016

Trading and Hedging Short-Term Interest Rate Risk

8-9 November 2016

Securities Operations Foundation Qualification (SOFQ)

9-11 November 2016

Trading the Yield Curve with Interest Rate Derivatives

10-11 November 2016

ICMA Operations Certificate Programme (OCP)

14-18 November 2016

ICMA Primary Market Certificate (PMC)

21-25 November 2016

Inflation-Linked Bonds and Structures

29-30 November 2016

Credit Default Swaps (CDS) - Pricing, Applications & Features

5-6 December 2016

Credit Default Swaps (CDS) - Operations

7 December 2016

Securities Lending & Borrowing - Operational Challenges

12-13 December 2016

Corporate Actions - An Introduction

31 January 2017

ICMA Workshop: Ethics and the Capital Markets

28-29 September 2016

ICMA Workshop: Repo and the GMRA

6 October 2016

ICMA Workshop: European Regulation: An Introduction for Capital Market Practitioners

18 October 2016

ICMA Conference: The European corporate debt private placement market – its development and role in economic growth

25 October 2016

The future of debt capital markets: a conversation between Frank Czichowski and Martin Egan

26 October 2016

ICMA Workshop: Bond syndication practices for compliance professionals and other non-bankers

27 October 2016

QFMA and ICMA Conference: Developing a Corporate Debt Market

2 November 2016

ICMA Future Leaders France Regional Launch Event: Career Progression and Networking

3 November 2016

ICMA Asset Management and Investors Council (AMIC) Conference

7 November 2016

ICMA Future Leaders networking event

10 November 2016

Joint ICMA and SIX Swiss Exchange seminar – Developments in the Green Bond market, Zurich

16 November 2016

ICMA Women's Network: Shaping up - Julia Hoggett, Head of Wholesale Banking, Supervision Division, FCA

22 November 2016

The 10th ICMA Primary Market Forum

23 November 2016

ICMA Workshop: Ethics and the Capital Markets

6 December 2016

ICMA Workshop: Repo and securities lending under the GMRA and GMSLA

7-9 December 2016

ICMA Annual Charity Ski Weekend 2017

20-22 January 2017