In this podcast, Alessandro Canta, Head of Finance and Insurance at Enel and Steering Committee member of the ICMA Corporate Issuer Forum, discusses the challenges of achieving carbon neutrality, especially in a landscape heavily influenced by global geopolitical uncertainty. He explains how Enel is addressing these challenges by leveraging sustainable finance instruments, while also exploring opportunities to enhance innovation and accessibility in the debt capital markets.

In the latest Let's Talk Markets episode, ICMA Women’s Network, Katie Kelly, Senior Director at ICMA, and Jen Cresswell, Counsel and UK Women’s Network Steering Committee Member, dive deep into the progress and ongoing challenges for women in the bond markets. For over 10 years, the ICMA Women’s Network (IWN) has been a global platform committed to supporting women in the bond markets. From promoting gender equality to addressing key challenges like the gender pay gap and maternity barriers, the IWN is driving real change. Our network fosters skill development, resilience, and peer support. Whether it's through workshops on unconscious bias or discussions on career growth in a tech-driven world, we’re dedicated to helping women excel.

Nina Suhaib-Wolf, Director, ICMA, provides an update on secondary markets.

Andy Hill, Managing Director, ICMA, discusses the potential benefits of Europe’s two new consolidated tapes for bond markets, as well as the challenges in designing a transparency deferral regime that does not threaten market liquidity. He sheds light on ICMA’s data-driven approach to suggesting how this could be achieved, and how ICMA is encouraging the EU and UK regulators to adopt a similar methodology.

ICMA’s Alex Westphal, Senior Director, Market Practice and Regulatory Policy, provides an update on the latest discussions around the proposed shortening of the settlement cycle to T+1 in Europe.

Alex Tsang, Director (Asia-Pacific), ICMA, reveals international market potential for Korean Treasury Bond (KTB) trading as supported by recent market reforms.

In October 2023, the Hong Kong SFC had asked ICMA to convene a working group to explore the potential applicability of the ICMA Code of Conduct to the Hong Kong market. A year later, on 3 October 2024, ICMA published the Hong Kong Code of Conduct.

Katie Kelly, Senior Director, ICMA, discusses a recent European Commission workshop on short-term funding markets.

Miriam Patterson, Senior Director, Market Practice and Regulatory Policy, ICMA, provides an update on the FCA's consultation on the new UK prospectus regime.

Georgina Jarratt, Managing Director, ICMA, speaks about ICMA's work on FinTech and Digitalisation initiatives

Paul Richards, Senior Adviser, ICMA, provides a personal perspective on international capital markets 50 years on.

Bryan Pascoe, Chief executive, ICMA, introduces the ICMA Quarterly for the Fourth Quarter.

Join us live at the annual AMIC Forum “Mind the gaps – savings investment and financing the real economy” which is on 16th October in London, is free to attend and open to all interested market participants. Register here: https://www.icmagroup.org/events/the-amic-forum-mind-the-gaps-savings-investment-and-financing-the-real-economy/ Returning for this podcast episode are industry experts, Bob Parker, former Chairman of AMIC and Senior Adviser to ICMA, alongside Massimiliano Castelli, PhD MSc, Managing Director and Head of Strategy & Advice at UBS Asset Management, who also serves as the Co-Chair of the AMIC Executive Committee. This podcast was recorded on Tuesday 1st October 2024. In this podcast, the team discuss the recent central bank actions from across the developed and developing world as well as fiscal easing. Max and Bob also share their thoughts on the recent geopolitical developments and what impact this may have on the financial markets and the climate for investing overall. Join us for the next episode which will be recorded following the IMF World Bank meetings in Washington DC.  If you have questions or topics that you would like our guests to address in future episodes, please feel free to get in contact via email: [email protected].  Learn more about AMIC: https://www.icmagroup.org/market-practice-and-regulatory-policy/asset-management/

For the latest release of ‘Let’s Talk Markets’ we’re excited to present two brand new episodes on the importance of investing for your future from very different perspectives. Join Emma Thomas and Georgina Uwaifo as they discuss what pensions mean to people starting their careers.

For the latest release of ‘Let’s Talk Markets’ we’re excited to present two brand new episodes on the importance of investing for your future from very different perspectives. In part 2, Nicolette Moser and Peter French discuss from perspectives of people nearing the other side of that journey.

In this episode of ICMA Education & Training’s latest vlog “Careers in Capital Markets”, Tim Skeet (Bank of China; ICMA UK Regional Chair) and Alex Malitsky (Director - Fixed Income Syndicate & Origination, TD Securities) discuss careers in finance.

In this episode of ICMA Education & Training’s latest vlog “Rethinking Finance Infrastructure”, ICMA’s Georgina Jarratt (Managing Director, Head of Fintech & Digitalisation) speaks to Armin Peter, former Global Head of Debt Syndicate at UBS about the huge impact of technology on the capital markets.

Listen now to the podcast from the Asset Management and Investors Council (AMIC), ICMA's dedicated forum advocating the interests of buy-side members, including asset managers, institutional investors, private banks, pension funds, and insurance companies, among others. Returning for this episode are industry experts, Bob Parker, former Chairman of AMIC and Senior Adviser to ICMA, alongside Massimiliano Castelli, PhD MSc, Managing Director and Head of Strategy & Advice at UBS Asset Management, who also serves as the Co-Chair of the AMIC Executive Committee. This podcast was recorded on 29th August 2024. In this podcast, the team discuss the latest survey from UBS which asked around 40 central banks their thoughts on the broad economic/financial and geopolitical outlook, with a special focus on the upcoming US election, as well as their views on asset allocation and currencies. Max and Bob also covered their thoughts on the volatility markets experienced during the summer period, as well as what trends in investor behaviour they expect in in late 2024/early 2025. If you have questions or topics that you would like our guests to address in future episodes, please feel free to get in contact via email: [email protected].  Learn more about AMIC: https://www.icmagroup.org/market-practice-and-regulatory-policy/asset-management/

ICMA's CEO, Bryan Pascoe, shares a large part of the content from his speech at the last AGM.

ICMA's Paul Richards, Senior Adviser, assesses the debate about EU policy on Capital Markets Union.

ICMA’s Valérie Guillaumin, Director, Sustainable Finance, talks about the new releases of the Principles: the Green Enabling Projects Guidance and the Guidelines for Sustainability-Linked Loans financing Bonds.

ICMA’s Miriam Patterson, Senior Director, Market Practice and Regulatory Policy, talks about the UK FCA's finalised guidance on its anti-greenwashing rule, and some EU and Hong Kong developments in the area of anti-greenwashing.

ICMA’s Katie Kelly, Senior Director, Market Practice and Regulatory Policy, talks about enhancing the functioning and resilience of the commercial paper and certificates of deposit market.

ICMA's Nina Suhaib-Wolf, Director, Market Practice and Regulatory Policy, takes a snapshot of the current EU and UK proposals on bond market transparency and the consolidated tape, as presented in recent consultation papers, and seeks to draw a comparison.

ICMA's Andy Hill, Co-Head of Market Practice and Regulatory Policy, discusses ICMA’s analysis of ESMA’s proposal for a revised EU bond market transparency deferral regime and highlights the key considerations for determining an effective calibration.

ICMA’s Alex Westphal, Senior Director, Market Practice and Regulatory Policy, talks about the latest developments and discussions in the US and Europe related to the proposed shortening of the settlement cycle to T+1.

ICMA's Zhan Chen, Secretary to the ICMA Repo and Sustainability Task Force, discusses the 2024 Repo & Sustainability Survey conducted by ICMA, highlighting several significant findings.

ICMA's Gabriel Callsen, Senior Director for FinTech and Digitalisation, discusses ICMA’s initiatives and latest developments on FinTech and innovation in bond markets, including the UK’s Digital Securities Sandbox, the adoption of ICMA’s Bond Data Taxonomy for digital green bonds, as well as latest AI developments in capital markets.

Jinny Yan, Managing Director, Chief China Economist, Global Markets, ICBC Standard Bank talks to Ricco Zhang, Senior Director, ICMA about the latest market developments in China’s bond markets: macro outlook, trends in cross-border issuance and investments, and key developments in the CIBM repo market.

In 2024 the European Repo & Collateral Council (ERCC) – the main representative body for the cross-border repo and collateral market in Europe – celebrated 25 years of codifying best market practice and developing consensus solutions in a rapidly evolving marketplace. Join Alex Westphal (ICMA Senior Director and secretary of the ERCC) as he speaks to Godfried DeVits and Richard Comotto, key figures of this influential committee from its inception, about the repo market past and present.

Listen now to the podcast from the Asset Management and Investors Council (AMIC), ICMA's dedicated forum advocating the interests of buy-side members, including asset managers, institutional investors, private banks, pension funds, and insurance companies, among others.  Returning for this episode are industry experts, Bob Parker, former Chairman of AMIC and Senior Adviser to ICMA, alongside Massimiliano Castelli, PhD MSc, Managing Director and Head of Strategy & Advice at UBS Asset Management, who also serves as the Co-Chair of the AMIC Executive Committee.  This podcast was recorded on 4th June 2024. Since the recording several of the measures discussed by the presenters in the podcast have been enacted.  In this podcast the teams discuss the outlook for inflation and growth: will inflation continue to decline? What is the risk of recession?   Interest rates. After the rate cuts by the SNB and the Riksbank, which other Central Banks will cut rates and will the ECB/BoE diverge from the US Federal Reserve?  What the implications for the key asset classes; fixed income, equities, currencies and commodities?   Should we worry about geopolitics?  What impact might the situations in China, Russia/Ukraine, Middle East, EU/UK elections and the possibility of a Trump presidency have on major markets?  If you have questions or topics that you would like our guests to address in future episodes, please feel free to get in contact via email: [email protected].   Learn more about AMIC: https://www.icmagroup.org/market-practice-and-regulatory-policy/asset-management/ 

Eila Kreivi - former Head of Capital Markets at European Investment Bank and current ICMA board member - chats to Simone Utermarck (Senior Director, ICMA Sustainable Finance), looking back at 10 years of ICMA's involvement as secretariat of the Principles, the frameworks to which 97% of the world's sustainable bonds are aligned.

ICMA Chief Executive Bryan Pascoe is interviewed by Marc Granville (ICMA Head of Education & Training) about his career journey to date.

TreasurySpring’s Henry Adams, Chief Product Officer, discusses the unique features of their fintech solution, emphasising the innovative approach to unlocking trapped liquidity from outside capital markets through their proprietary instrument, the Fixed Term Fund (FTF). He discusses the inspiration behind the development of TreasurySpring, highlighting its mission to simplify complex repo transactions and provide scalable, legally sound solutions. Henry also shares insights into emerging industry trends, regulatory impacts, and the role of advanced technologies like AI and blockchain in transforming financial services.

In this podcast, Robert Koller, CAIA and CEO and Fredrik Creutz, Co-Founder and chairman of NowCM, discuss their company’s innovative approach to capital markets. They outline NowCM's three main focuses: digitalising the bond issuance process, operating a regulated issuance vehicle in Luxembourg, and managing a regulated marketplace for primary issuance in Paris. Key topics include significant efficiency improvements in the market, reduction of costs and setup times, and enhanced liquidity and price discovery through real-time capabilities. The conversation also explores the critical role of robust data models in supporting document management and transaction processes, as well as the potential, and challenges of, integrating AI in financial technology.

The series features conversations with ICMA - International Capital Market Association's fintech member firms, who are driving innovation across the capital market landscape.  We ask each firm about their core innovation; what inspired them to develop their solution; what they see as emerging trends in their areas of the capital market; and what propels them forward. This conversation is with Andy Browning, Managing Director and Head of Electronic Trading as well as Andrea Pirino, Head of FSA solutions from valantic FSA.

ICMA's Nicolette Moser, Senior Director, provides an overview of recent policy recommendations by FSB and IOSCO relating to open-ended funds.

ICMA’s Alex Westphal, Senior Director, Repo and Collateral markets, talks about the latest meetings and discussions of ICMA’s European Repo and Collateral Council (ERCC).

ICMA's Simone Bruno, Associate Data Analyst, presents the key findings from ICMA's European Secondary Market Data Report for 2023.

ICMA's Nina Suhaib-Wolf, Director, Market Practice & Regulatory Policy, talks about Bond Market Transparency and presents highlights about ICMA's response to the recent FCA consultation

ICMA's Ruari Ewing, Senior Director - Primary Markets, discusses the EU Listing Act (the EU prospectus, market abuse and listing regimes), the UK retail disclosure framework for CCIs (replacing the EU PRIIPs regime), the UK FCA anti-greenwashing rule and the EU CSDR’s cash penalties regime.

ICMA's Katie Kelly, Senior Director, highlights the importance of offering work experience to students in today's environment in the UK

ICMA's Andy Hill, Deputy Head of Market Practice and Regulatory Policy, provides a crisp overview of the background to, and findings of, ICMA's new report, Liquidity and Resilience in the Core European Sovereign Bond Markets.

ICMA's Paul Richards, Managing Director, Market Practice and Regulatory Policy, considers lessons from LIBOR transition in the bond market under English law.

Listen now to the latest podcast from the Asset Management and Investors Council (AMIC), ICMA's dedicated forum advocating the interests of buy-side members, including asset managers, institutional investors, private banks, pension funds, and insurance companies, among others. Returning for this episode are industry experts, Bob Parker, former Chairman of AMIC and Senior Adviser to ICMA, alongside Massimiliano Castelli, PhD MSc, Managing Director and Head of Strategy & Advice at UBS Asset Management, who also serves as the Co-Chair of the AMIC Executive Committee. In the podcast:   The team discuss global fixed income and equity markets, which continue to rally from a low in late October 2023.  Is there a danger of a bubble?   What now for inflation and growth?   What responses can we expect from Central Banks.   At the geopolitical level, the team discuss the election forecasts in 2024. Are markets and investors are being complacent? Learn more about AMIC: https://www.icmagroup.org/market-practice-and-regulatory-policy/asset-management/ If you have questions or topics you'd like our guests to address in future episodes, please feel free to get in contact via email: [email protected].

Tommaso Di Grazia and Ed Tyndale-Biscoe, Heads of Fixed Income and Secured Funding Product Management at ION Markets, speak about how ION’s one-stop shop for trading solutions sets it apart from other fintech vendors. They also discuss how ION's API-based technology enables clients to customize core functionality to suit their specific business needs.

Murex Head of Securities Finance Product Management Sabine Farhat discusses shifts in the space driven by business and regulatory trends, emphasising the importance of balance sheet optimisation and increased scrutiny on collateral and liquidity. Sabine highlights the growing demand for centralisation, automation, and digitalisation, encouraged by standardisation from regulators and entities like ICMA, and how Murex addresses these evolving client needs in the changing securities finance landscape.

Jonathan Lee and Matthew Vincent from RegTech firm Kaizen, talk about the innovation they are seeing in compliance and regulatory reporting as the space continues to evolve. With all the challenges and complexities that firms face, Jonathan and Matthew explain the various solutions that Kaizen offers to help firms fulfil their compliance obligations, whether it be regulatory reporting assurance, shareholding disclosure, trade and communications surveillance, research management or regulatory rules management on Single Rulebook.

Founder and CEO, Sanjay Garodia, introduces OMAS - the full lifecycle product for primary Debt Capital Markets. Hear his views on standardisation, partnerships and collaborations, data transfer and interoperability, and the impact of AI on the financial markets and the FinTech vendors that support it. He shares his experience of how smaller, nimble FinTech firms can help banks navigate internal hurdles around the adoption of new technology solutions, easing regulatory compliance headaches and the perseverance that is required to help clients achieve their goals.

Mark Dalton, Managing Director, and James Eves, Senior Executive, of ConvEx discuss the emerging role of specialist independent calculation agency services. Originally set up to provide specialist advice and calculation services to the equity-linked market, ConvEx has since expanded to debt capital markets instruments (capital securities, senior bonds with make-whole calls, LIBOR transition), derivatives and workplace compensation plans.

Charlie Berman, CEO and founder, shares his experience driving agora's mission to revolutionise the bond markets by leveraging distributed ledger technology to enhance efficiency and transparency. Starting with the origination process and heading towards full lifecycle management using smart contracts, agora is collaborating with stakeholders and new entrants to address longstanding inefficiencies and usher in a new era of innovation in capital markets.

Steve Toland, co-founder, discusses the company's focus on providing e-trading systems for fixed income markets. Steve highlights innovations in API normalisation and automated trading tools to facilitate connectivity and efficiency for their customers in a rapidly evolving and fragmented market landscape.

Todd Crowther, Head of Fixed Income, and Jon Ford, Head of Collateral Services, unpack the relationship between innovation and regulatory compliance in the constantly evolving industry landscape, and share insights from Pirum’s 20-year journey. From launching its cloud-based service before ‘SaaS’ (Software as a Service) was a thing, to its current position as a preferred post-trade services vendor across securities lending, repo, and collateral management and optimisation.

Charlie Berman, CEO and founder, shares his experience driving agora's mission to revolutionise the bond markets by leveraging distributed ledger technology to enhance efficiency and transparency. Starting with the origination process and heading towards full lifecycle management using smart contracts, agora is collaborating with stakeholders and new entrants to address longstanding inefficiencies and usher in a new era of innovation in capital markets.

Alex Westphal, Senior Director, Repo and Collateral Markets, ICMA, talks about the latest meetings and publications of ICMA’s European Repo and Collateral Council (ERCC).

Nina Suhaib-Wolf, Director, Secondary Markets, ICMA, speaks about bond market transparency in the EU and UK.

Ruari Ewing, Senior Director, Primary Markets, ICMA, discusses ICMA’s updated form of Singapore selling restrictions and the related Monetary Authority of Singapore Notice on Business Conduct Requirements for Corporate Finance Advisers.

Miriam Patterson, Senior Director, ICMA, discusses ICMA's response to the Hong Kong SFC's market soundings consultation.

Andy Hill, Deputy Head of Market Practice and Regulatory Policy, ICMA, provides a short update on the work of ICMA’s Bond Market Liquidity Taskforce, and its initial findings and recommendations to support liquidity and resilience in the core European sovereign bond markets. The podcast is also a call for further input from ICMA members active in these markets.

Paul Richards, Head of Market Practice and Regulatory Policy at ICMA, discusses stress and resilience in international capital markets.

Following the release of the paper “Considerations for risk factors and disclosure in DLT bond offering documents”, co-authors Gabriel Callsen, Director, FinTech and Digitalisation; Secretary to the ICMA FinTech Advisory Committee (FinAC) and Alexander Tollast, Counsel and Member of the Global Financial Markets and Tech Groups at Clifford Chance sat down to discuss the motives behind writing the article and offered further analysis of the results of the investigation. Read the article here: https://www.icmagroup.org/assets/Considerations-for-risk-factors-and-disclosure-in-DLT-bond-offering-documents-November-2023.pdf For more information on DLT bonds, read the ICMA FAQ: https://www.icmagroup.org/market-practice-and-regulatory-policy/fintech-and-digitalisation/distributed-ledger-technology-dlt/frequently-asked-questions-on-dlt-and-blockchain-in-bond-markets/ For further information on ICMA’s work across the Fintech & Digitalisation space, click here: https://www.icmagroup.org/market-practice-and-regulatory-policy/fintech-and-digitalisation/ Get in touch if you have any questions about the podcast or the paper: [email protected]

Ahead of ICMA’s Asset Management and Investors Council forum in Zurich on 24th November, Oliver Tinkler, Senior Director of ICMA, speaks with Bob Parker, former Chairman of AMIC and Senior Adviser to ICMA, and Dr. Max Castelli, Managing Director and Head of Strategy & Advice at UBS Asset Management, about some of the global macroeconomic topics that will be discussed during the forum. · As we head toward 2024 what are the major factors that could disrupt the global economy? · What’s the outlook for the developed markets, given the backdrop of high inflation and interest rates? Register here for free to join us in Zurich on 24th November: https://www.icmagroup.org/events/the-amic-forum-investing-for-the-longer-term-through-uncertain-markets/ Look out for our next AMIC podcast covering the markets which will be in early January 2024. If you’d like to contribute questions for our guests to tackle, please get in touch via email at [email protected] Learn more about AMIC: https://www.icmagroup.org/market-practice-and-regulatory-policy/asset-management/

ICMA's Ruari Ewing, Senior Director, Primary Markets, discusses ICMA’s feedback on the MiFID investor protection and PRIIPs aspects of the EU’s retail investment strategy proposals.

ICMA's Chief Executive, Bryan Pascoe introduces the Q4 2023 ICMA Quarterly Report. *This recording was generated in Speechify (the text-to-speech tool) from the original article by Bryan Pascoe

ICMA's Paul Richards, Head of Market Practice and Regulatory Policy at ICMA, discusses about synthetic US dollar LIBOR: the remaining task in the bond market.

ICMA’s Nicholas Pfaff, Deputy CEO and Head of Sustainable Finance, introduces a new paper on market integrity and greenwashing risks in sustainable finance. *This recording was generated in Speechify (the text-to-speech tool) from the original article by Nicholas Pfaff

ICMA’s Alex Westphal (Director, Repo and Collateral markets) provides an update on the latest discussions in Europe in relation to a potential shortening of the settlement cycle from T+2 to T+1.

ICMA's Andy Hill, head of ICMA Secondary Markets, provides brief highlights from the latest publication of ICMA’s European Secondary Bond Market Data report.

ICMA's Miriam Patterson, Secretary, ICMA Legal and Documentation Committee discusses the FCA’s engagement process regarding the UK’s new proposed prospectus regime.

ICMA’s Katie Kelly, Senior Director, comments on proposed measures to increase resilience in the commercial paper market.

ICMA’s Nina Suhaib-Wolf, Director, Market Practice & Regulatory Policy, summarises key features of the ICMA response to the FCA consultation paper on the framework for a UK Consolidated Tape.

ICMA's Zhan Chen, Secretary, ERCC SFTR Taskforce, discusses the latest developments under SFTR.

ICMA’s Gabriel Callsen, Director, discusses ICMA’s latest initiatives focused on FinTech and innovation as well as regulatory developments in the international bond markets.

In this episode, Oliver Tinkler, Senior Director of ICMA and Head of Press and Communication, introduces the Asset Management and Investors Council (AMIC), ICMA's dedicated forum advocating the interests of buy-side members, including asset managers, institutional investors, private banks, pension funds, and insurance companies, among others. AMIC plays a vital role in ICMA's mission to promote well-functioning cross-border capital markets. Our guests for this episode are industry experts who bring their valuable insights to the forefront. We are honored to host Bob Parker, former Chairman of AMIC and Senior Adviser to ICMA, alongside Dr. Max Castelli, Managing Director and Head of Strategy & Advice at UBS Asset Management, who also serves as the Co-Chair of the AMIC Executive Committee.

Mushtaq Kapasi, ICMA Chief Representative in Asia Pacific, talks to Ashwin Jolly, Senior Dealer at ICICI Bank UK plc, about themes and performance in global emerging debt markets; why some countries and sectors have performed better than others; the implications of monetary policy for international bond markets, and what to expect in the coming months.

Alex Westphal, secretary to ICMA’s ERCC, recaps the latest developments related to the ongoing review of CSDR, focusing particularly on the controversial mandatory buy-in provisions.

ICMA's Chief Executive, Bryan Pascoe introduces the Q3 2023 ICMA Quarterly Report.

This podcast by Paul Richards, Head of Market Practice and Regulatory Policy at ICMA, is about the UK’s Future Regulatory Framework Review of financial services in a global context.

Valérie Guillaumin, Director Sustainable Finance, highlights the key features of the 2023 AGM and Conference of the Principles.

ICMA's Miriam Patterson, Secretary, ICMA Legal and Documentation Committee discusses the FCA’s engagement process regarding the UK’s new proposed prospectus regime.

Julia Rodkiewicz, Secretary to the Regulatory Policy Committee, introduces ICMA’s advocacy priorities for the Spanish EU Presidency.

ICMA's Secretary to the Fintech Advisory Committee, Gabriel Callsen, speaks about ICMA’s latest initiatives on innovation, automation and market efficiency in bond markets.

ICMA's Andy Hill, head of ICMA Secondary Markets, provides an update on the expected outcome of the political agreement on the MiFIR Review, from the perspective of the EU’s new bond market transparency framework

ICMA's Ruari Ewing (Secretary, ICMA Primary Market Practices Committee) narrates recent developments regarding the EU Listing Act (touching on the Prospectus Regulation, pre-sounding under the Market Abuse Regulation and official listing).

ICMA’s Chief Representative for Asia Pacific, Mushtaq Kapasi, reports on recent Asia-Pacific market developments highlighted in the Quarterly Report.

This ICMA podcast with four Leading Law Firms is about the transition from legacy US dollar LIBOR to SOFR in the bond market. The background is that panel bank US dollar LIBOR ceased publication on 30 June, as planned. The FCA as global regulator of LIBOR has provided for synthetic US dollar LIBOR to be published for legacy transactions, including bonds, until 30 September 2024. Synthetic US dollar LIBOR provides a temporary bridge for legacy bonds to be transitioned from LIBOR to SOFR, the US dollar risk-free rate. Following an introduction from Paul Richards, Head of Market Practice & Regulatory Policy at ICMA, the podcast consists of the following contributions from experts in four leading law firms: Catherine Wade of Linklaters on fallbacks in floating rate notes under English law Julia Machin of Clifford Chance on consent solicitations under English law Marcus Mackenzie of Freshfields on securitisations, including negative consents, under English law Amanda Thomas and Patrizia Pasqualini of Allen & Overy on the relationship between transition under English law, the US LIBOR Act and other foreign laws And Neil Pallender of Linklaters on operational issues during the transition

This is an ideal mini podcast to once listen on your way to work. In the first part, Patrick Saner, Head Macro Strategy at Swiss Reinsurance, shares his insights on the global macroeconomic and financial market environment, particularly the outlook looking into the second half of 2023. Charlotte Mueller, who serves on the ICMA Future Leaders committee, also asks Patrick about career tips for young professionals – there is some valuable advice there for us all!

Getting into banking is challenging - navigating a career in finance few years down the line is harder still. This is why, on your behalf, International Capital Markets Association Future Leaders Nordic Steering Committee Representative, Anna Reuterskiöld took the opportunity to ask Eirik Winter, CEO BNP Paribas Group Nordic region, and Elisabeth Beskow, CEO DNB Bank ASA Sweden Branch, the tricky questions you might avoid asking. Which areas of banking hold the best promise for career progression (and which to steer clear of), which skills will be valued as AI becomes a normal part of our work lives, is the specialist track superior or is a generalist approach a good tactic and, despite increasing talk of work-life balance in many institutions, what level of availability do our bosses expect, honestly? Can one maintain a personal life and mental health whilst pursuing a career in banking, seriously? All the above and more is crammed into this 30 minute episode. Please enjoy, and if you have any comments or thoughts of other topics you would find helpful to hear about in the future, please feel free to reach out to Elisabeth, Eirik and Anna on LinkedIn or ICMA Future Leaders on [email protected]

Mushtaq Kapasi, Head of ICMA Asia Pacific, talks to Riad Choudhury, Head of Asia Pacific, MarketAxess about where and why fixed income e-trading continues to grow, how to navigate the complexity and fragmentation of Asian markets, and emerging opportunities in 2023 for trading platforms as well as investors.

Bryan Pascoe, Chief Executive of ICMA, discusses efforts underway to boost global bond markets resilience following post-covid socio-economic shocks.

Paul Richards, Head of Market Practice and Regulatory Policy, reports on the cessation of panel bank US dollar LIBOR and the implications for bonds under English law.

Mushtaq Kapasi, Managing Director, Chief Representative for Asia Pacific and Yanqing Jia, Associate Director, Asia Pacific speak about the third edition of the ICMA report on Asian international bond markets, which provides an updated overview of market development and analysis of market events through the end of 2022.

Georgina Jarratt, Managing Director, Head of FinTech and Digitalisation, provides an overview of ICMA's work on the automation and digitalisation of the industry as a whole, sharing insights into the strategic focus and objectives for the team over the next 1-2 years.

ICMA's Ruari Ewing, Secretary, ICMA Primary Market Practices Committee discusses the replacement of the UK’s prospectus regime.

Andy Hill, head of ICMA Secondary Markets, provides an update on the ongoing MiFIR Review from the perspective of the proposed EU consolidate tape for bonds and the related transparency framework.

Katie Kelly, Senior Director, Market Practice & Regulatory Policy, speaks about whether there is a need for more and better transparency in commercial paper markets.

Alex Westphal, secretary to ICMA’s ERCC, speaks about ICMA’s latest work with members to support settlement efficiency in Europe as well as our related advocacy in the context of the ongoing CSDR Refit discussions.

Ozgur Altun, Associate Director of Sustainable Finance at ICMA, talks about the ICMA’s response to the Greenwashing Call for Evidence launched by European regulators in November 2022.

Gabriel Callsen, Director, FinTech and Digitalisation, at ICMA, speaks about ICMA’s CDM project, which is now open source, automation and innovation in repo markets and ICMA’s priorities.

The final episode of our series on market integrity in sustainable finance, focuses on the asset management and the fund industry. Nicholas Pfaff, Deputy CEO and Head of Sustainable Finance at ICMA sat down with Hortense Bioy, Global Director of Sustainability Research, Manager Research, Morningstar, Mark Manning, Strategic Policy Advisor Sustainable Finance, FCA, Patrik Karlsson, Senior Policy Offices, ESMA and Stéphane Janin, Head of Global Regulatory Developments and Public Affairs, AXA Investment Managers, to talk about greenwashing in the industry, the impact of regulation such as SFDR and what’s next on the regulators’ agenda.

The ICMA Social Bond Working Group is publishing a series of podcasts focusing on aspects of Social Bonds and their markets. In this episode Philip Watkins Head of ESG DCM at SMBC Nikko discusses with Anna Smukowski , Senior Director, Capital Programs, Enterprise Community Loan Fund at Enterprise Community Partners and Natasha Garcha, Senior Director, Innovative Finance and Gender-Lens Investing Specialist at the Impact Investment Exchange (IIX), how a focus on gender and racial equality through target populations for social bonds is being addressed in issuance. Other podcasts in the series: Episode 1: SBP Introduction Episode 2: Current state of the market (July 2022) Episode 3: Corporates

In this episode Simone Utermarck, Director, Sustainable Finance at ICMA talks to Isabelle Laurent, Deputy Treasurer and Head of Funding at the European Bank for Reconstruction and Development (EBRD), Joseba Mota, Head of Fixed Income and ESG, Iberdrola, Eric Pedersen, Head of Responsible Investments, Nordea Asset Management, Jochen Krimphoff, Global lead data, tools and methods for the Greening Financial Regulation Initiative (GFRI), World Wide Fund for Nature (WWF) and Julian Mazzacurati, Senior Economist, Risk Analysis and Economics Department at European Securities and Markets Authority (ESMA) about the link of sustainable finance to the real economy. The conversation touches on green bonds, the Principles and related guidance; the EU Taxonomy; external reviews and the use of technology.

ICMA's Secretary to the Fintech Advisory Committee, Gabriel Callsen, speaks about DLT and bond markets, automation of the bond issuance process, and industry collaboration on the CDM to reduce costs and promote innovation.

ICMA's Director, Sustainable Finance, Simone Utermarck, summarises ICMA’s take aways from COP27.

ICMA's Secretary to ICMA'S ERCC, Alex Westphal, explains the rationale and setup of ICMA’s Global Repo and Collateral Forum (GRCF) and comments on the latest developments, next steps and opportunities for ICMA’s global membership to engage in the new group.

ICMA’s Secretary, Secondary Market Practices Committee, Andy Hill, previews the ERCC’s annual analysis of how the European repo market performed over the recent year-end.

ICMA’s Secretary, Secondary Market Practices Committee, Andy Hill, updates on the ongoing regulatory developments and dynamics related to the EU’s contentious mandatory buy-in regime.

ICMA's Secretary to the Primary Market Practices Committee, Ruari Ewing, reports on recent proposals relating to the EU and UK prospectus regimes.

ICMA's Senior Director, Katie Kelly, discusses the FCA’s recent consultation on synthetic US dollar LIBOR.

ICMA’s Head of Market Practice and Regulatory Policy, Paul Richards, reports on monetary policy, financial stability and capital market resilience.

ICMA's Chief Executive, Bryan Pascoe introduces the Q1 2023 ICMA Quarterly Report.

Klaudia Gorczyca, Founder of Dialogue Age and Executive Performance Coach talks to Klaudia Mach, an Associate at Milbank’s Alternative Investments Practice in London and a member of the ICMA Future Leaders Fintech Work Group about navigating and future-proofing your career in Capital Markets: what skills and mindset will serve us most powerfully in face of volatility and constant change; how digital transformation and technology will enhance sustainable investments, and the power of cognitive diversity and collaboration in countering complexity and finding solutions to complex problems.

Ashwin Jolly, Senior Dealer at ICICI Bank UK plc, talks to Mushtaq Kapasi, ICMA Chief Representative in Asia Pacific, about recent performance in global emerging debt markets; why some countries and sectors have performed better than others; the implications of monetary policy for international bond markets, and what to expect for Indian USD denominated fixed income.

This 40-minute podcast looks at Sustainability-linked Bonds (SLBs) and transition finance with a focus on greenwashing risks and remedies. Listen to the conversation moderator Laurie Chesne, Head of Green & Sustainable Financing at Natixis had with Nicole Della Vedova, Head of Corporate Finance at Enel; Felipe Gordillo, ESG Senior Analyst at Mirova; Nate Aden, Finance Sector Lead at Science Based Targets Initiative (SBTi) and Ulf Erlandsson, Founder and CEO of Anthropocene Fixed Income Institute.

ICMA's Chief Executive, Bryan Pascoe, introduces the Q4 ICMA Quarterly Report.

ICMA’s Head of Market Practice and Regulatory Policy, Paul Richards, reports on the transition of legacy US dollar LIBOR bonds under English law.

ICMA's Deputy Chief Executive & Secretary of the Principles, Nicholas Pfaff, reports on further positive developments regarding the use of the Principles as a global standard for sustainable bonds illustrated by recent announcements of the European Central Bank and the UK’s Financial Conduct Authority, as well as developments in China’s domestic green bond market.

ICMA's Secretary, ICMA Primary Market Practices Committee, Ruari Ewing, reports on the Hong Kong SFC conduct requirements for bookbuilding and placing.

Both the EU and UK Prospectus Regulations are in the process of being reviewed. ICMA's, Secretary, ICMA Legal & Documentation Committee, Charlotte Bellamy, discusses the key points for international bond markets and what ICMA will be watching out for as the EU and UK regimes diverge.

ICMA's Secretary, ICMA Secondary Market Practices Committee, Andy Hill, updates on the soon to be published ICMA Secondary Bond Market Data Report, which consolidates publicly available EU and UK post-trade data for both sovereign and corporate bond activity.

ICMA's Secretary, ICMA Secondary Market Practices Committee, Andy Hill, updates on ICMA’s ongoing advocacy to remove mandatory buy-ins from CSD Regulation.

ICMA’s Secretary, Liz Callaghan, Secretary to the Electronic Trading Council, reports on the appropriate EU bond market transparency regime framework.

ICMA is launching the Global Repo and Collateral Forum (GRCF), a platform to bring together repo market practitioners from around the world to discuss common themes in repo and collateral markets. Alex Westphal, secretary to ICMA’s ERCC, explains the background to the initiative as well as next steps and opportunities for ICMA members to engage in the new group.

ICMA's Secretary to the Fintech Advisory Committee, Gabriel Callsen, comments on ICMA's FAQs on DLT and blockchain in bond markets.

ICMA's Secretary, ICMA Public Sector Issuer Forum, ICMA Financial Institution Issuer Forum and ICMA Corporate Issuer Forum, Katie Kelly discusses ICMA’s Commercial Paper Transparency Taskforce charged with identifying whether, how and where greater transparency in commercial paper can be achieved.

ICMA Chief Executive Bryan Pascoe introduces the Q3 ICMA Quarterly Report.

ICMA’s Head of Market Practice and Regulatory Policy, Paul Richards, reports on international capital markets in a time of economic shocks.

Andy Hill, an ICMA Senior Director in Market Practice and Regulatory Policy, comments on corporate bond market liquidity and ICMA’s response to the IOSCO discussion paper.

ICMA’s Chief Representative for Asia Pacific, Mushtaq Kapasi, reports on the Hong Kong SFC conduct requirements for bookbuilding and placing.

ICMA’s General Counsel, Leland Goss, reports on new challenges ahead for debt workouts with regard to sovereign debt vulnerabilities.

Lisa Cleary, ICMA’s Senior Director, Legal Team, provides an update on the GMRA clause taxonomy and library project.

ICMA’s Deputy Chief Executive and Head of Sustainable Finance, Nicholas Pfaff, provides a sustainable finance update.

Charlotte Bellamy, an ICMA Senior Director in Market Practice and Regulatory Policy, reports on mid-cap bond markets in Europe.

Ruari Ewing, ICMA’s Senior Director in Primary Markets, comments on ESAs’ advice on the PRIIPS review.

ICMA’s Liz Callaghan, Secondary Bond Markets MiFID II Lead and Secretary to the Electronic Trading Council, reports on the appropriate EU bond market transparency regime framework.

Alex Westphal, an ICMA Director in Market Practice and Regulatory Policy, provides an update on repo and collateral market developments.

Katie Kelly, an ICMA Senior Director in Market Practice and Regulatory Policy, provides an update on the transition from LIBOR in the bond market.

This episode looks at corporate issuers of social bonds. ICMA member Nordea discusses with Telefonica and EDF (Electricité de France) why they decided to issue social bonds. They also look at investors' responses and the market's expected development.

In this episode, the ICMA Social Bond Working Group invite the Council of Europe Development Bank and external reviewer, Sustainalytics, to provide an update on the current state of the Social Bond market, as well as the main trends we can expect.

In this new edition of the podcast series, ICMA Future Leaders (IFL) representatives, Michael Sansen, Charles Tissier and Majoke Hegen speak to Niall Bohan, Director, Asset and Financial Risk Management, Directorate-General for the EU Budget, European Commission. The IFL team discuss with Niall his own career development, progress within the Commission and current role and responsibilities, how new talent is recruited from across the EU and the steps taken to improve that journey, and how teams are developed to integrate the next generation into high-performance units.

Andy Hill of ICMA speaks to NowCM’s Robert Koller, CEO and Founder and Fredrik Creutz, Executive Chairman and Co-Founder about what has been achieved so far in digitising primary debt markets, its purpose and real-life benefits as well as the end-game of a digital bond market. They also discuss what a digital bond market requires to reach its full potential.

ICMA Future Leaders steering committee members, Michael Sansen, Charles Tissier and Majoke Hegen speak to Bertrand de Mazières, Director General of Finance at the European Investment Bank (EIB) about his career development, including career highlights such as the EIB’s pioneering work in issuing the first ever green bond, while offering his own personal advice to young professionals. Bertrand also gives his insights into the functioning of one of the world’s leading public institutions and expands on the various employment opportunities, including their GRAD programme which provides new graduates who have not had previous professional experience the possibility to work for the EIB.

The ICMA Social Bond Working Group is publishing a series of podcasts focusing on aspects of Social Bonds and their markets. In this episode of the Social Bond podcast, the co-coordinators of the ICMA Social Bond Working Group present recent updates to two documents – the Harmonised Framework for Impact Reporting for Social Bonds and the Mapping to the SDGs for Green, Social and Sustainability Bonds – both released in June 2022 at the Annual General Meeting and Conference of the ICMA Principles. The presenters explore common questions about social bonds and highlight relevant documents as key resources available for social bond market participants on the ICMA Principles website.

ICMA’s Mushtaq Kapasi speaks with Ashwin Jolly, senior dealer at ICICI Bank UK plc, about the Indian bond markets. The conversation covers the different kinds of bonds and issuers in the onshore and offshore markets, key attractions and possible considerations for investors, performance so far in 2022, and the future of sovereign and sustainable issuance.

In the first of a new series on market integrity in sustainable finance, this podcast covers what is good and what is being questioned in the sustainable bond market with a focus on greenwashing risks and remedies. Denise Odaro, Head of Investor Relations, IFC and Chair of the Executive Committee of the Green, Social, Sustainability and Sustainability-Linked Bond Principles leads a lively discussion with Eila Kreivi, Chief Sustainable Finance Officer at EIB; Bram Bos, Lead Portfolio Manager Green Bonds at NNIP and Sean Kidney, CEO of the Climate Bond Initiative.

Max Castelli, Co-Chair of ICMA's Asset Management & Investors Council (AMIC) and Robert Parker, ICMA Senior Advisor review the economic and capital markets outlook, its impact on investor portfolios and the implications for the asset management Industry. They discuss issues of particular concern to investors, such as the prospects for growth, inflation and monetary policies, as well as a number of longer term issues including the response of the industry to climate change and the reversal of globalisation.

During this ICMA podcast, we sit down with Kristrún Tinna Gunnarsdóttir, Head of Strategy and Sustainability for Íslandsbanki. Íslandsbanki was the first bank in Iceland to establish a Sustainable Financing Framework. Kristrún introduces listeners to the main features of the framework and overall Sustainability approach at Íslandsbanki, and shares her views on potential areas for future focus and development.

Nordic representative for ICMA Future Leaders Rebekah Bray speaks with Anna-Sophie Hartvigsen, one of the three founders of Female Invest. As business students in 2019, Anna-Sophie and her co-founders saw a clear gap in resources to educate women about how to invest, and decided to tackle the issue head-on by founding Female Invest. Today, the social e-learning platform has paying members across 77 countries and the co-founders are listed on the Forbes 30 under 30 list.

ICMA Chief Executive Bryan Pascoe, chats to Yanqing Jia from ICMA’s Hong Kong office about how improving diversity and inclusion makes good business sense and the importance of industry leadership by setting a good example. While ICMA has made progress with its D&I initiatives to recruit and support a diverse workforce,  particularly in achieving gender diversity in the group, and in its enthusiastic support for an active international  ICMA Womens Network, his view is that we need to challenge ourselves in other areas, by looking to promote greater diversity of thought and recruiting from a broader range of social backgrounds.

ICMA Chief Executive, Bryan Pascoe introduces the latest ICMA Quarterly Report  with an overview of market conditions and highlights contributions in the publication from Jérôme Haegli, Swiss Re;  Denis Beau at Banque de France on diversity and inclusion; and Habib Motani from Clifford Chance on 30 years of the GMRA.

ICMA’s Katie Kelly on the importance of diversity and inclusion in the finance industry with specific reference to initiatives in this area at the Banque de France.

In the ICMA Quarterly Report, the Quarterly Assessment is about the transition away from LIBOR to risk-free rates in the bond market. The Quarterly Assessment is introduced in this podcast by ICMA's Paul Richards, Head of Market Practice and Regulatory Policy.

ICMA’s Andy Hill, Secretary, ICMA Secondary Market Practices Committee, updates on the European Commission’s proposal for a revised mandatory buy-in framework and next steps.

ICMA’s, Nicholas Pfaff, Head of Sustainable Finance, summarises in this podcast the key points and recommendations from ICMA’s recent paper on “Ensuring the usability of the EU Taxonomy” also covered in a feature in this edition of the Quarterly Report.

ICMA's Charlotte Bellamy, Secretary to the ICMA Legal & Documentation Committee, provides an update on the current reviews of the Prospectus Regulations in the EU and UK focusing on the key issues for ICMA primary markets members.

ICMA’s Ruari Ewing, Secretary, ICMA Primary Market Practices Committee, talks about ICMA’s response to the FCA’s consultation on a new UK consumer duty, which welcomed the FCA’s intention to exempt both vanilla retail bonds and institutional bonds from the scope of the new duty but raised concerns about the insufficiently narrow calibration of the drafting of these proposed exemptions.

Towards the end of 2021, the European Commission published its proposed amendments to MiFIR as part of the overall CMU package announcements. However, ICMA has suggested modifications to some of the European Commission’s proposals. ICMA's Liz Callaghan, Secretary, ICMA Electronic Trading Council, speaks about these recommendations concern pre- and post-trade transparency as well as the analysis required for a successful bond consolidated tape, the vehicle for transparency, to emerge.

On 1 February 2022, on the day of the go-live of CSDR cash penalties, ICMA’s European Repo and Collateral Council (ERCC) released its discussion paper, Optimising Settlement Efficiency, aiming to focus attention on key opportunities to strengthen settlement efficiency in Europe. ICMA's Alex Westphal, Secretary to the ERCC, provides some background to the initiative and briefly walks through the key take aways from the paper and next steps.

ICMA’s Gabriel Callsen, Secretary, ICMA Fintech Advisory Committee, speaks about phase 2 of the Common Domain Model (CDM), which seeks to promote electronification of repo markets, notably open, floating-rate and evergreen repos, and how to become involved in this cross-industry initiative.

Repo expert and author of ICMA’s Guide to Best Practice in European Repo Markets, Richard Comotto, draws on his experience to highlight the challenges faced by frontier markets in trying to build successful new repo markets, including lack of an active interbank money market, illiquid collateral and legal obstacles.

IFL's Alexander Tollast discusses with Jean-Marc Stenger, CEO of FORGE, how innovation and digitalization are changing capital markets, picking out landmark transactions from the past and looking at where we are today and what might change going forward. 

Robert Parker, Senior Adviser to ICMA and ICMA’s Asset Management and Investors Council, reviews the market events of the past weeks, including inflationary pressures, the growing geopolitical tensions and the outlook for growth.

The Green Bond Principles (GBP), Social Bond Principles (SBP), Sustainability Bond Guidelines (SBG), and Sustainability-Linked Bond Principles (SLBP) are the global standard for sustainable bonds. In this podcast, delivered in Mandarin,  ICMA’s Ricco Zhang discusses the Principles, international best market practices and the current onshore and offshore sustainable bond markets in China.

In this episode, IFL’s Sébastien Van Campenhoudt discusses with David Newns, Head of SDX, how securities settlement could be performed by CSDs in a DLT environment, with a specific focus on how the cash leg of the transaction can be processed.

Aditya Bhave, Senior US and Global Economist, Bank of America Securities, talks to Mushtaq Kapasi, ICMA Chief Representative in Asia Pacific about the outlook for growth and inflation in leading economies, the implications of inflation and monetary policy for international bond markets and what to expect in markets into 2023.

ICMA’s Head of secondary markets, Andy Hill and Ramon Baljé, Head of Fixed Income at Flow Traders discuss rapid change in the fixed income market, including electronification, the future for credit market structure, execution strategies and portfolio trading.

Robert Parker, senior advisor ICMA, reviews the market events of the past weeks, including the inflation and growth outlook, monetary policy developments and investors positioning.

Debora Revoltella, Director of the Economics Department of the European Investment Bank, presents the results of the EIB Investment Report 2021-2022,  a unique survey of 125,000 firms undertaken in summer 2021,  taking stock of post pandemic recovery and the potential opportunities to invest in the climate transition and digital innovation.

Luca Cazzulani, UniCredit's Co-Head of Strategy Research in conversation with Bryan Pascoe, ICMA Chief Executive, gives his views on the outlook for growth, inflation and monetary policy in major economies over the next year, with his expectations for returns from fixed income assets, including sovereign bonds.

Tom Porcelli, Chief U.S. Economist and Peter Schaffrik, Chief European Macro Strategist, at  RBC Capital Markets share their insights on prospects for economic growth in the USA, Europe and the UK over the next two years. Comparing inflationary pressures in different markets, they discuss potential reactions from central banks in terms of rate hikes and tapering.

In this episode, ICMA Future Leader Sven Renders and MEP Johan Van Overtveldt talk about the importance of completing the CMU, the benefits of the new DLT pilot regime regulation for Europe’s capital markets and the added value of a digital Euro.

ICMA Chief Executive Bryan Pascoe speaks to Gilles Moec, AXA Group Chief Economist, about his central scenarios for growth and inflation in 2022,  contrasting developed and emerging markets, and identifying the risks which could derail them. They also discuss climate transition initiatives as a long term source of inflation and touch on fintech developments including crypto and central bank digital currencies.

ICMA Chief Executive, Bryan Pascoe, sets out the ICMA action plan for 2022, focusing on developments in fintech, regulatory divergence in capital markets, the Capital Markets Union package and the increasingly complex regulatory environment for sustainable finance.

ICMA’s Ruari Ewing, Secretary, ICMA Primary Market Practices Committee, talks about the new model for closing syndicated bond issuances that the ICSDs are scheduled to adopt from 14 March 2022 and ICMA’s related paper suggesting how to consequently modify vanilla Regulation S transaction documentation.

At the end of the post-Brexit transition period on 31 December 2020, the UK left the EU Single Market, passporting rights ceased and the EU and UK markets became two separate markets. In the ICMA Quarterly Report, Paul Richards, Head of Market Practice and Regulatory Policy, considers the risk of capital market fragmentation arising between the EU and the UK and examines the scope for regulatory cooperation in future in a global context.

On 25 November 2021, the European Commission (EC) published its communication on the Capital Markets Union (CMU) package. ICMA’s Julia Rodkiewicz, Secretary, ICMA Regulatory Policy Committee, explains the progress made and voices key concerns.

The market breathed a sigh of relief when the European Commission announced the latest delay to the CSDR mandatory buy-in regime in November 2021. ICMA’s Andy Hill, Secretary, ICMA Secondary Market Practices Committee, provides an update on the extensive work undertaken by ICMA to push for a review of the controversial regime, the expected next steps from ESMA and the Commission, and the future risks associated with any attempt to introduce a regulatory buy-in framework.

Complementing the work on CSDR and the upcoming go-live of cash penalties, ICMA’s European Repo and Collateral Council (ERCC) is looking at other important tools and solutions to support the industry’s efforts to optimise settlement efficiency. Alex Westphal, Secretary to the ERCC, provides a brief update on the latest progress with the initiative as well as the key elements and take-aways from the discussions to date, ahead of the publication of an ERCC white paper on settlement efficiency which is planned for late January.

ICMA's Mushtaq Kapasi, Chief Representative for Asia-Pacific, provides an update on the Hong Kong Securities and Futures Commission’s new Code of Conduct for bookbuilding and placing, and potential implications for regional and global primary bond markets.

ICMA's Liz Callaghan, Secretary, ICMA Electronic Trading Council, speaks about ICMA's new proposal on a workable, balanced bond transparency regime, which is significantly simpler than today’s complex transparency regime. A regime that provides considerably more bond market transparency than can be found today but at the same time, protects liquidity providers and end investors from undue risk.

Nicholas Pfaff, ICMA’s Head of Sustainable Finance, reviews progress on the EU Green Bond Standard and the recent proposal that it become mandatory for all green bonds between 2025 and 2028.

ICMA's Irene Rey, AMIC Secretariat, provides key highlights of interest to AMIC members on the AIFMD and ELTIF proposals which were released by the European Commission at the end of November 2021.

ICMA’s Gabriel Callsen, Secretary, ICMA Fintech Advisory Committee, speaks about ICMA’s CDM project for repo and bonds, the recent survey results and next steps.

This LIBOR podcast follows an important milestone in the long-running story of the transition away from LIBOR and towards risk-free rates – the end of 2021. ICMA's Charlotte Bellamy, Secretary, ICMA Legal & Documentation Committee, discusses the introduction of synthetic sterling and yen LIBOR and some remaining questions for tough legacy bonds looking ahead.

ICMA's Katie Kelly, Secretary, ICMA Financial Institution Issuer Forum and ICMA Corporate Issuer Forum, presents a round-up of LIBOR-related developments in the Euro area and Switzerland.

ICMA Future Leaders (IFL) launched a Fintech working group earlier in 2021 to look into developments in Fintech including digital assets, blockchain transactions in capital markets, the evolution of securities technology, among others, to support ICMA’s overall role in this fast evolving area. As part of the IFL working group’s activities, it has organised a series of podcasts with market experts focusing on digital ledger technology or DLT. In this first episode, IFL’s Alexander Tollast and Alastria's Juan Jimenez Zaballos discuss the potential advantages of using DLT in the capital markets, as well as the challenges to be overcome for a fully-fledged market for digital securities to develop.

Robert Parker, Chair of ICMA’s Asset Management and Investors Council, reviews key themes for investors in 2022 including the inflation and growth outlook, potential monetary policy divergences, and geopolitical risks.

ICMA’s President Martin Scheck speaks to David Reznik, Fixed Income Strategist at Bank Leumi, Israeli’s largest bank, about its market activities and more generally about the Israeli capital market and its market infrastructure. David discusses the main issuers, local bond practices, the main investors of Israeli debt and also provides his insights on efforts being made in the field of sustainable finance and the overall outlook for the market.

Robert Parker, Chair of ICMA’s Asset Management and Investors Council, reviews the market events of the past weeks, including the inflation  outlook, the Chinese economic slowdown and main takeaways for investors following the COP26.

The end of 2021 is a key and long-awaited milestone in the LIBOR transition process. As this important date approaches, this ICMA webinar will take stock of progress in the adoption of alternative risk-free rates in the bond market and active transition of legacy bonds; consider the various legislative solutions designed to address the issue of “tough legacy” bonds; and discuss how LIBOR transition is progressing in Asia Pacific. Speakers include: Paul Richards, Managing Director, Head of Market Practice & Regulatory Policy, ICMA Katie Kelly, Senior Director, Market Practice & Regulatory Policy, ICMA Charlotte Bellamy, Senior Director, Market Practice & Regulatory Policy, ICMA Mushtaq Kapasi, Managing Director, Chief Representative, Asia-Pacific, ICMA

Robert Parker, Chair of ICMA’s Asset Management and Investors Council, reviews the market events of the past weeks, including rising inflation, the corporate earnings season, the growth outlook in China, and the upcoming central bank meetings.

In advance of COP26, ICMA’s Nicholas Pfaff moderates a high-level discussion on Climate Transition Finance outlining the key issues and also introducing Japan’s regional guidance based on the Climate Transition Finance Handbook. Featuring contributions from Chris Iggo, Chief Investment Officer, AXA IM Core; Ketish Pothalingam, Executive VP, Portfolio Manager, PIMCO; and  Motoko Ogawa, Deputy Director of Environmental Economy Office, Industrial Science and Technology Policy and Environmental Bureau, Ministry of Economy, Trade and Industry (METI) of Japan.

The UK Government and authorities issued a flurry of consultations impacting primary bond market regulation this summer. In this podcast, ICMA’s Ruari Ewing and Charlotte Bellamy discuss the consultations and ICMA members’ key concerns in this area.

ICMA’s President Martin Scheck speaks to Leslie Maasdorp, Vice President & Chief Financial Officer of the New Development Bank, about the rationale and purpose behind the bank, its funding model and governance structure and their focus on infrastructure and sustainable development projects in the BRICS countries and other emerging economies. Leslie also discusses the NDB’s overall environmental, social and sustainability goals, along with their pandemic support and sustainable bond issue.

Robert Parker, Chair of ICMA’s Asset Management and Investors Council, reviews the market events of the past weeks, including the Evergrande debt situation and potential contagion risk, the Fed economic outlook and review of their monetary policy guidance, as well as the German election results.

ICMA’s Mushtaq Kapasi speaks with Pratima Divgi, CDP Regional Director, on the topic of environmental disclosure & impact reporting. Pratima provides a brief introduction on CDP’s role in sustainable finance and discusses how CDP relates to other disclosure regimes, the methodology for investor benchmarking, and how sustainability reporting may continue to evolve in the future.

Rebekah Bray of ICMA Women’s Network Nordic region speaks with Alexis Cousins of SEB’s Debt Capital Markets team to discuss workplace inequality. As a PhD candidate at the Stockholm School of Economics, Alexis’ research focuses on workplace inequality and the struggles of under-represented populations. She discusses general initiatives in the financial sector to address this issue, alongside a new programme at SEB to facilitate diversity and opportunities for under-represented talent.

Robert Parker, Chair of ICMA’s Asset Management and Investors Council, reviews the market events of the past weeks while considering geopolitical risks and potential divergence in monetary policies ahead of central banks' September meetings.

ICMA’s Mushtaq Kapasi speaks with Zalina Shamsudin, General Manager, Capital Markets Malaysia, about green and social sukuk in the context of the global sustainable and Islamic capital markets. The discussion covers how Islamic finance principles interact with conventional sustainable finance, the investor base for green sukuk, and Malaysia’s efforts to grow the market and facilitate further positive investment in south-east Asia.