ICMA Podcast

Prospects for sovereign bonds and other fixed income assets with Luca Cazzulani, UniCredit

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.

The outlook for growth and inflation 2022-2023 from Tom Porcelli & Peter Schaffrik, RBC Capital Markets

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.

ICMA Future Leaders Fintech Working Group Podcast Series | Episode 2 | The European regulatory landscape, CMU and digitalisation

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.

Financial market and economic outlook 2022 – with Gilles Moec, AXA Group

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 Quarterly Briefing, Q1 2022: Commentary from the Chief Executive

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 Quarterly Briefing, Q1 2022: ICSDs’ new syndicated closing model

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.

ICMA Quarterly Briefing, Q1 2022: EU/UK capital market fragmentation in a global context

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.

ICMA Quarterly Briefing, Q1 2022: The Capital Markets Union Package

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.

ICMA Quarterly Briefing, Q1 2022: CSDR mandatory buy-ins

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.

ICMA Quarterly Briefing, Q1 2022: ERCC initiative on settlement efficiency

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.