ICMA responded to the FCA’s CP25/32 consultation on improving the UK transaction‑reporting regime, focusing on MiFIR cash‑bond reporting and the SFTR repo reporting framework. The feedback was produced by two dedicated ICMA working groups—a newly formed MiFIR Transaction Reporting Taskforce and the long‑standing SFTR Taskforce. ICMA endorses the FCA’s goal of a streamlined framework that cuts costs while preserving effective oversight, and it submitted a detailed set of proposals for a structured SFTR review similar to recent ESMA work. The association reaffirmed its commitment to ongoing engagement with the FCA and ESMA on reporting reforms.
The International Islamic Financial Market (IIFM) and the International Capital Market Association (ICMA) have signed a Memorandum of Understanding to create a global, Shari’ah‑compliant repo master agreement. Leveraging ICMA’s Global Master Repurchase Agreement expertise and IIFM’s Islamic‑finance standards, the project...
ICMA has published an open‑access guide to South Africa’s repurchase (repo) market, the ninth edition in its global series of market‑specific manuals. The guide outlines the market’s structure, collateral types, counterparties, infrastructure, and the legal‑regulatory framework. Funding came from Strate’s...