ICMA Podcast

ICMA Education & Training | Building Stronger Financial Markets in Emerging Economies: Frontclear in Action (Part 2)

Marc Granville, Senior Director at ICMA and Head of Education and Training, speaks with Hugh Friel, Senior Vice President at Frontclear, in the second part of this episode to explore how technology and standardisation are reshaping repo and collateral markets across emerging and frontier economies.

The discussion highlights how digital innovation and framework agreements can streamline legal onboarding, reduce documentation timelines for key agreements such as GMRA and ISDA, and support the evolution of repo markets from a “by appointment” model to a more efficient, flow based structure. It also examines the broader conditions required for sustainable market development, including long term policy commitment, robust legal and regulatory frameworks, and effective capacity building through blended education and training to strengthen expertise and support the development of global collateral markets.

ICMA Quarterly Briefing Q2 2026: SEC mandatory clearing for US Treasuries

Zhan Chen, Associate Director, Market Practice and Regulatory Policy, updates on ICMA's engagement with the U.S. Securities and Exchange Commission regarding the U.S. Treasury clearing mandate, highlighting cross-border implementation challenges, supporting proposed exemptions to limit extraterritorial scope, and calling for further clarification to reduce complexity and ensure a level playing field.

ICMA Quarterly Briefing, Q2 2026: EU Prospectus Regulation Level 2 changes under the Listing Act

Ruari Ewing, Senior Director, Market Practice and Regulatory Policy, summarises ICMAs feedback on European Commission proposed amendments to the existing Level 2 Regulation on prospectus format, content, scrutiny and approval.

ICMA Quarterly Briefing, Q2 2026: Legal developments in repo and collateral markets

Deena Seoudy, Senior Director and Associate Counsel, highlights some of the ICMA legal team's key areas of activity over the past quarter.

ICMA Quarterly Briefing, Q2 2026: ICSDs launch new dematerialised securities issuance option

Miriam Patterson, Senior Director, Market Practice and Regulatory Policy, explores how Euroclear and Clearstream (the International Central Securities Depositories, or ICSDs) have introduced the option for issuers to issue their debt securities in dematerialised form from 16 March 2026.

ICMA Quarterly Briefing Q2 2026: UK transaction reporting: ICMA response to the FCA consultation paper

Aman Gill, Associate on ICMA's Market Practice and Regulatory Team, explains ICMA's response to the FCA's consultation paper on improving the UK transaction reporting regime.

ICMA Quarterly Briefing Q2 2026: Market Integration and Supervision Package (MISP): Update

Natalie Westerbarkey, Managing Director and Co-Head, Market Practice and Regulatory Policy, lays out ICMA's position on the Market Integration and Supervisory Package (MISP) proposed by the European Commission on 4 December 2025.

ICMA Quarterly Briefing Q2 2026: Enhancing the resilience of the Gilt market

Andy Hill, Managing Director and Co-Head, Market Practice and Regulatory Policy, updates on the UK gilt market's resilience amid recent geopolitical and economic shocks, authorities' responses, and ongoing consultations focus on improving market functioning, transparency, and resilience, particularly in the gilt repo and Treasury bill markets.

ICMA Quarterly Briefing Q2 2026: ICMA Brussels hosts ‘Demystifying securitisation’ roundtable

Natalie Westerbarkey, Managing Director and Co-Head, Market Practice and Regulatory Policy, reports on ICMA Brussels' roundtable on “Demystifying securitisation” . The event brought together policymakers and market participants to highlight its evolution into a robust, transparent funding tool that supports real-economy lending and investment, while identifying regulatory, operational and market barriers to scaling a stronger European securitisation market.

ICMA Quarterly Briefing Q2 2026: Buy-side update

Anita Karppi, Senior Director in Market Practice and Regulatory Policy at ICMA leading the buyside proposition, highlights a busy quarter for ICMA’s buy-side team, with increased engagement through events, podcasts, and policy work, and a stronger focus on representing buy-side perspectives in evolving markets.