ICMA research and thought leadership

• Primary Markets

  • ICMA Primary Market Handbook - Home

  • Primary Market Committees

    • ICMA Primary Market Practices Committee
    • ICMA Asia Pacific Bond Syndicate Forum
    • ICMA Legal and Documentation Committee
    • ICMA Asia Pacific Legal & Documentation Forum
    • Public Sector Issuer Forum
    • ICMA Corporate Issuer Forum
    • ICMA Financial Institution Issuer Forum

  • Primary Market Topics

    • Accounting and Auditing
    • Benchmark Reform and Transition to Risk-Free Rates
    • MiFID II/R in Primary Markets
    • Primary Markets Conduct (non-MiFID)
    • Electronification
    • Primary Markets Technology Mapping Directory
    • Dialogue with Investors
    • Prospectuses
    • PRIIPs KIDs
    • Retail Access to Bond Markets
    • Market Infrastructure and Asset Servicing
    • Market Abuse Regulation (MAR) - Primary Market Aspects
    • Periodic Reporting / Continuing Obligations
    • Taxation (Primary Markets)
    • Other ICMA Primary Market Advocacy Materials

  • Primary Market Products

    • Bank Capital
    • Infrastructure Financing
    • Islamic Finance
    • Private Placements
    • Retail Structured Products
    • Securitisation
    • Sovereign Debt
    • Securitisation (Asset Management Perspective)

• Secondary Markets

  • ICMA’s Rules and Recommendations for the Secondary Market

    • ICMA Consultation on the Buy-in Rules

  • Secondary Market Practices Committee (SMPC) and related Working Groups

    • ICMA SMPC and Terms of Reference
    • MiFID II/R Working Group
    • CSDR-SD Working Group
    • SMPC - Secondary Market Rules & Recommendations
    • ICMA Electronic Trading Working Group (ETWG)
    • ICMA Bond Market Liquidity Taskforce
  • Central Bank Corporate Bond Purchase Programmes

  • Electronic Trading

    • ICMA Electronic Trading FinTech Directory
    • ICMA Industry Guide to Definitions and Best Practice for Bond Pricing Distribution
    • Papers and Reports
    • Common Domain Model (CDM)
  • “T+1” – the shortening of standard settlement cycles

  • Market Transparency

    • Transparency Directory
    • Consolidated Tape

  • Market Data

    • IG Corporate Bond Traded Volumes (ICE Data Services)
    • Euro Government Bond Markets
    • Euro Corporate Bond Markets
    • Global Bond Yields

  • Market Liquidity

    • Bond Market Liquidity Library
    • European Commission Expert Group on Corporate Bond Markets
    • ICMA Studies and Papers

  • Secondary Markets Regulation

    • MiFID II/R
    • CSDR Settlement Discipline
    • Fundamental Review of the Trading Book (FRTB)
    • MAR/Investment recommendations
  • Euro Safe Assets
  • Archive

• Repo and Collateral Markets

  • Legal Documentation

    • Global Master Repurchase Agreement (GMRA)
    • ICMA GMRA Legal Opinions
    • ICMA GMRA Clause Library and Taxonomy
    • Master Regulatory Reporting Agreement (MRRA)
    • Resolution Stays
    • ICMA FAQs in relation to the GMRA and market turbulence
    • 2011 Global Master Repurchase Agreement (GMRA) Protocol (Revised) Adhering Parties

  • Repo and Collateral Council and related groups

    • ICMA European Repo and Collateral Council (ERCC)
    • ICMA European Repo and Collateral Committee
    • ICMA ERCC Operations Group
    • ICMA Global Repo and Collateral Forum (GRCF)

  • ICMA ERCC Publications

    • ICMA ERCC Reports
    • Frequently Asked Questions on Repo
    • ICMA ERCC Papers and Responses
    • ICMA ERCC Guide to Best Practice in the European Repo Market
    • ICMA ERCC Recommendations for Reporting under SFTR
  • “T+1” – the shortening of standard settlement cycles

  • Market Data

    • SFTR Public Data
    • ICMA European Repo Market Survey
    • Euro Repo Funds Rate
    • ICMA Asia-Pacific Repo Market Survey

  • Regulation

    • MiFID II/R and SFTs
    • SFT Regulation (SFTR)

  • FinTech

    • ICMA Ops FinTech Mapping Directory
    • Common Domain Model (CDM)
    • Repo Trading FinTech Directory
  • Repo and Sustainability

  • Other Resources

    • ICMA Guide to Asia Repo Markets
    • Latest ICMA Repo News
    • Sanctions on Russia: Considerations for repo and secondary trading

• Euro Commercial Paper and Certificates of Deposit

  • Archive

• Asset Management

  • ICMA AMIC Councils and Committees

    • AMIC Committee Composition
    • Current Active Subcommittees and Working Groups

  • AMIC Publications

    • AMIC Reports and Reviews
    • AMIC Responses

  • Regulatory Issues

    • EU Sustainable Finance Disclosure Regulation (SFDR)
    • MiFID II/R - Research Unbundling
    • Securitisation
    • Other

Benchmark Reform and Transition to Risk-free Rates

Capital Markets Union

International Capital Market Fragmentation

ICMA Quarterly Report

ICMA Legal & Regulatory Helpdesk