ICMA Quarterly Report for Q2 2026 Now Available

- About ICMA
- Membership
- Market Practice & Regulatory Policy
- Sustainable Finance
- FinTech & Digitalisation
- Education & Training
- Events
- Media & Market Data

Welcome to the International Capital Market Association

For over 50 years ICMA and its members have worked together to promote the development of the international capital and securities markets, pioneering the rules, principles and recommendations which have laid the foundations for their successful operation.

Mission statement

History

• Governance

  • Members
  • The Board
  • The Chief Executive
  • The Executive Committee
  • The General Meeting
  • The Nomination Committee
  • The Auditors
  • ICMA Competition Law Guidelines

The Regions

ICMA Councils & Committees

ICMA in Asia Pacific

• ICMA Social Networks

  • ICMA Future Leaders
  • ICMA Women's Network
  • ICMA Mentoring Platform

International Affiliations

Capacity Building

ICMA product information

Employment Opportunities

A global community for the capital markets

ICMA has over 630 members located in 71 jurisdictions drawn from both the sell and buy-side of the market.

Benefits of Membership

Apply for Membership

List of ICMA Member Firms

ICMA Members Register

ICMA engages with its global membership on market practice and regulatory policy issues through its expert forums.

Here are the key sections covering our work programmes, including contact details of ICMA staff responsible for each area.

• 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 Materials
  • Primary Market Products ‣
  • Bank Capital
  • Infrastructure Financing
  • Islamic Finance
  • Private Placements
  • Retail Structured Products
  • Securitisation
  • Sovereign Debt
  • Securitisation (Asset Management Perspective)
  • Primary Market Innovation (including FinTech & Digitalisation)

• 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 Global Repo and Collateral Forum (GRCF)
  • ICMA European Repo and Collateral Council (ERCC)
  • ICMA European Repo and Collateral Committee
  • ICMA ERCC Operations Group
  • ICMA ERCC Publications ‣
  • ICMA ERCC Reports
  • ICMA ERCC Position Papers and Responses to Public Consultations
  • ICMA ERCC Guide to Best Practice in the European Repo Market
  • Frequently Asked Questions on Repo
  • 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
  • FINOS Common Domain Model (CDM)
  • Repo Trading FinTech Directory
  • Repo and Sustainability
  • Other Resources ‣
  • ICMA Guides to Domestic Repo Markets
  • SEC mandatory clearing for U.S. Treasuries
  • Latest ICMA Repo News
  • Sanctions on Russia: Considerations for repo and secondary trading

Euro Commercial Paper and Certificates of Deposit

• 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

Capital Markets Union / Savings & Investment Union

International Capital Market Fragmentation

ICMA Quarterly Report

ICMA Legal & Regulatory Helpdesk

ICMA serves as Secretariat to the GBP, the SBP, the SBG and the SLBP, providing support while advising on governance and other issues.

ICMA also leads numerous other initiatives in sustainable finance. ICMA is at the forefront of the financial industry’s contribution to the development of sustainable finance and in the dialogue with the regulatory and policy community.

The Principles & related guidance

Codes of Conduct for ESG Ratings and Data Products Providers

Membership, governance & working groups of the Principles

Sustainable Bond Market Data

Regulatory responses & commentary

Other sustainable finance guidance, research & initiatives

Contacts & Principles Helpdesk

Archive

ICMA Quarterly Report

ICMA seeks to mainstream relevant FinTech developments and market electronification through all of its initiatives, activities and fora.

FinTech and market electronification are addressed through ICMA’s various committees, working groups and work streams as well as through bilateral discussions with member firms and technology providers.

• FinTech Advisory Committee and related groups

  • ICMA FinTech Advisory Committee
  • DLT Bonds Working Group
  • Bond Data Taxonomy Working Group
  • Electronic Trading Council (ETC)
  • FINOS Common Domain Model (CDM)
  • Artificial Intelligence in Capital Markets (AICM) Working Group

• ICMA FinTech Directories

  • ICMA Primary Markets FinTech Directory
  • ICMA Electronic Trading FinTech Directory
  • ICMA Repo Trading FinTech Directory
  • ICMA Operations FinTech Directory
  • ICMA Distributed Ledger Technology (DLT) Regulatory directory

• FinTech resources

  • Frequently Asked Questions on DLT and blockchain in bond markets
  • FinTech Publications, Consultations and Reports
  • FinTech Regulatory Roadmap
  • Tracker of New FinTech Applications in Bond Markets
  • FinTech Glossary
  • Showcase of ICMA member FinTech & software vendors
  • Artificial Intelligence Regulatory Developments Tracker

ICMA Quarterly Report

Studying with ICMA

ICMA Education has been setting the standard of training excellence in the capital markets for almost five decades with courses covering everything from market fundamentals to latest developments and more.

FIND OUT MORE LINKEDIN DOWNLOAD THE BROCHURE

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MY ICMA EDUCATION

Accreditations

Online Self-Study Courses

Financial Market Foundations Courses

Debt Capital Markets Courses

Fixed Income Trading & Strategies Courses

Financial Markets Operations Courses

Fintech & Digitalisation courses

Securities Financing Courses

Sustainable Finance Courses

ICMA In-House Training

Dubai Programme

2027 Scholarship Programme

Corporate Finance Certificate

Corporate Finance Certificate

What’s happening at ICMA?

Find out about our latest announcements

ICMA Reports and Papers

News

Market Data

ICMA AGM and Conference 2025 Highlights

ICMA Webinars & Podcasts

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ICMA Quarterly Report for the Second Quarter of 2026 now available

• Home
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• ICMA Quarterly Report for the Second Quarter of 2026 now available

ICMA Quarterly Report for the Second Quarter of 2026 now available

14 April 2026 The latest edition of the ICMA Quarterly Report is now available.

To access the report, click here.

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