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:
“It is a sign of our times, conspicuous to the coarsest observer, that many intelligent and religious persons withdraw themselves from the common labors and competitions of the market and the caucus, and betake themselves to a certain solitary and critical way of living, from which no solid fruit has yet appeared to justify their separation.”
—Ralph Waldo Emerson (1803–1882)
“God forbid that any book should be banned. The practice is as indefensible as infanticide.”
—Rebecca West (1892–1983)
“It is always the best policy to speak the truth, unless of course you are an exceptionally good liar.”
—Jerome K. Jerome (1859–1927)