For more than 40 years, the International Capital Market Association (ICMA) has made a significant contribution to the development of the international capital market by facilitating the interaction between all market participants: issuers; lead managers; dealers and investors, to promote an efficient and well-functioning market.
From its modest offshore beginnings the international capital market has grown into a broad and deep market of around $10 trillion in outstanding issues and in excess of $2 trillion new issuance per annum serving the funding needs of governments, supranationals and corporates from all over the world. As the market has expanded across geographic boundaries and product areas, it has assisted the free movement of capital across borders and the integration of economies, removing obstacles and linking the different national markets together, enhancing structural reform and integration of capital and financial markets.
The Association promotes the development and efficient functioning of the international capital market by:
- maintaining the framework of cross-border issuing, trading and investing through development of internationally accepted standard market practices.
- liaising closely with governments, regulators, central banks and stock exchanges, both at national and international level, to ensure that financial regulation promotes the efficiency and cost effectiveness of the international capital market;
- providing education and training;
- encouraging networking, flow of information and the organisation of market events.
ICMA is both a self-regulatory organisation and a trade association. It represents members in Europe and elsewhere, with over 370 members located in 47 countries worldwide, who are active in the international capital market on a global or cross border basis. ICMA is distinctive amongst trade associations in representing both the buy-side and the sell-side of the industry. ICMA’s members include: securities dealers and brokers; regional and commercial banks; private banks; asset managers; investment banks and issuers.
While ICMA has traditionally been most active in the international debt market, the Association focuses on all types of securities, taking full account of the increasing integration between the debt and equity, cash and derivatives markets, working with other trade associations where it makes sense to do so.
International Capital Market Association (ICMA)
Telephone +41 44 363 4222
Fax +41 44 363 7772