Market Practice and Regulatory Policy
ICMA provides services for members through its market practice and regulatory policy activities in Europe and beyond by: setting standards of good practice for orderly markets, in consultation with members, so that membership is seen as a 'seal of approval' by their peers, supervisors and regulators; consulting members and representing members' views to regulators and central banks on cross-border regulatory issues that affect them; representing both the sell-side and buy-side together, when they agree, and facilitating dialogue between them; working in cooperation with other trade associations, where it is in ICMA's members' interests; and sharing ICMA's experience of setting standards of good market practice in Europe with trade associations and self-regulatory organisations in Europe and other parts of the world.
Given ICMA's geographically diverse membership, ICMA concentrates on cross-border, rather than domestic, regulatory and market practice issues. ICMA works closely with members through its market practices and regulatory policy committees and councils.
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Famous quotes containing the words market, practice and/or policy:
“When General Motors has to go to the bathroom ten times a day, the whole country’s ready to let go. You heard of that market crash in ‘29? I predicted that.... I was nursing a director of General Motors. Kidney ailment, they said; nerves, I said. Then I asked myself, “What’s General Motors got to be nervous about?” “Overproduction,” I says. “Collapse.””
—John Michael Hayes (b. 1919)
“It has always been my practice to cast a long paragraph in a single mould, to try it by my ear, to deposit it in my memory, but to suspend the action of the pen till I had given the last polish to my work.”
—Edward Gibbon (1737–1794)
“Carlyle said “a lie cannot live.” It shows that he did not know how to tell them. If I had taken out a life policy on this one the premiums would have bankrupted me ages ago.”
—Mark Twain [Samuel Langhorne Clemens] (1835–1910)