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:
“Talk of a divinity in man! Look at the teamster on the highway, wending to market by day or night; does any divinity stir within him? His highest duty to fodder and water his horses! What is his destiny to him compared with the shipping interests?”
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“When any practice has become the fixed rule of the society in which we live, it is always wise to adhere to that rule, unless it call upon us to do something that is actually wrong. One should not offend the prejudices of the world, even if one is quite sure that they are prejudices.”
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