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:
“To market ‘tis our destiny to go.”
—Robert Frost (1874–1963)
“The mayor and Montaigne have always been two, with a very clear separation. For all of being a lawyer or a financier, we must not ignore the knavery there is in such callings. An honest man is not accountable for the vice or stupidity of his trade, and should not therefore refuse to practice it.”
—Michel de Montaigne (1533–1592)
“Will mankind never learn that policy is not morality,—that it never secures any moral right, but considers merely what is expedient? chooses the available candidate,—who is invariably the devil,—and what right have his constituents to be surprised, because the devil does not behave like an angel of light? What is wanted is men, not of policy, but of probity,—who recognize a higher law than the Constitution, or the decision of the majority.”
—Henry David Thoreau (1817–1862)