ICMA recommends ECB follows Federal Reserve and SNB policies
The International Capital Markets Association (ICMA) has written to the European Central Bank (ECB) with a “concern that rising dysfunction in the market...
How the ICMA got firm on bond pricing
Buy-side traders have long decried the lack of executable price in bond markets. For the best part of a decade the electrification of these...
ICMA proposes post-trade deferral regime for sovereign bonds
The international Capital Markets Association (ICMA) has proposed a deferral regime for post-trade sovereign bond data, to counter the ‘complicated’ approach currently allowed.
In...
Buy side issues framework to standardise bond issuance
The Credit Roundtable, a buy-side lobby group for bondholder protection has issued an ‘Investment Grade Primary Best Practices Framework’ designed to improve bond issuance.
The...
FILS Day 2: Heat around the consolidated bond tape
One of the more positive messages from the second day of the Fixed Income Leaders’ Summit (FILS) was regarding positive progress on the development...
SIFMA finds support for shift in benchmarking of 20-year US corporate bonds
The spread for many legacy 20-year US corporate bonds is benchmarked against the 30-year Treasury, but trade body SIFMA has found support for moving...
EC to review mandatory buy-in rules under CSDR
The European Commission has stated that it will review the mandatory buy-in rules under the Central Securities Depository Regime (CSDR). The comments were made...
AFME report on rates trading suggests enhanced transparency could boost liquidity
A report by the Association of Financial Markets in Europe, and investment data management provider, Finbourne, has found enhanced transparency could potentially boost liquidity...
AFME confirms HY deals on par with pre-Covid levels
In a new report on high yield (HY) bonds and leveraged loans, the Association of Financial Markets in Europe (AFME) has found that since...
ICMA says execution and order management systems are not trading venues
The International Capital Markets Association (ICMA) has responded to the European Securities and Market Authority (ESMA) consultation into the ‘trading venue perimeter’ by arguing...
