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ICMA’s
Quarterly Report for the First Quarter of 2021 begins with a review of
2020 and outlook for 2021 by ICMA’s Chief Executive, Martin Scheck. The
Quarterly Assessment covers the global transition from LIBOR to
risk-free rates, and also the post-Brexit agreement and international
capital markets. There are features on: the European commercial paper
market reimagined; the new Capital Markets Union Action Plan; the AIFMD
review and initial lessons from the COVID-19 crisis; climate transition
finance; FinTech and sustainable bond markets; digital bonds and the
fixed income cycle; and humanitarian funding and the role of capital
markets. The Quarterly Report also covers ICMA’s market practice and
regulatory policy work in the primary markets, secondary markets, repo
and collateral markets, sustainable finance, asset management, FinTech,
and the transition to risk-free rates.
We welcome feedback and comment on the issues raised in the report; please e-mail regulatorypolicynews@icmagroup.org or alternatively, the ICMA contact whose e-mail address is given at the end of the relevant article.