Glossary
ABCP ABS ADB AFME AI AIFMD AMF AMIC AMI-SeCo APA APP ASEAN AUM BCBS BIS BMCG BMR bp BRRD CAC CBDC CBIC CBIRC CCBM2 CCP CDM CDS CIF CMU CoCo COREPER CPC CPMI CPSS CRA CRD CRR CSD CSDR CSPP CSRC CT D&I DCM DLT DMO DNSH DVP EACH EBA EBRD EC ECB ECJ ECOFIN ECON ECP EDDI EDGAR EEA EFAMA EFC EFTA EGMI EIB EIOPA ELTIFs EMDE EMIR
Asset-Backed Commercial Paper Asset-Backed Securities Asian Development Bank Association for Financial Markets in Europe Artificial intelligence Alternative Investment Fund Managers Directive Autorité des marchés financiers ICMA Asset Management and Investors Council Advisory Group on Market Infrastructure for Securities and Collateral Approved publication arrangements ECB Asset Purchase Programme Association of Southeast Asian Nations Assets under management Basel Committee on Banking Supervision Bank for International Settlements ECB Bond Market Contact Group EU Benchmarks Regulation Basis points Bank Recovery and Resolution Directive Collective action clause Central bank digital currency ICMA Covered Bond Investor Council China Banking and Insurance Regulatory Commission Collateral Central Bank Management Central counterparty Common Domain Model Credit default swap ICMA Corporate Issuer Forum Capital Markets Union Contingent convertible Committee of Permanent Representatives (in the EU) ICMA Commercial Paper Committee Committee on Payments and Market Infrastructures Committee on Payments and Settlement Systems Credit rating agency Capital Requirements Directive Capital Requirements Regulation Central Securities Depository Central Securities Depositories Regulation Corporate Sector Purchase Programme China Securities Regulatory Commission Consolidated tape Diversity and inclusion Debt Capital Markets Distributed ledger technology Debt Management Office Do no significant harm Delivery-versus-payment European Association of CCP Clearing Houses European Banking Authority European Bank for Reconstruction and Redevelopment European Commission European Central Bank European Court of Justice Economic and Financial Affairs Council (of the EU) Economic and Monetary Affairs Committee of the European Parliament Euro Commercial Paper European Distribution of Debt Instruments US Electronic Data Gathering, Analysis and Retrieval European Economic Area European Fund and Asset Management Association Economic and Financial Committee (of the EU) European Free Trade Area European Group on Market Infrastructures European Investment Bank European Insurance and Occupational Pensions Authority European Long-Term Investment Funds Emerging market and developing economies European Market Infrastructure
Regulation Euro Medium-Term Note Economic and Monetary Union European Parliament ICMA European Repo and Collateral Council ESAP European single access point ESAs European Supervisory Authorities ESCB European System of Central Banks ESFS European System of Financial Supervision ESG Environmental, social and governance ESM European Stability Mechanism ESMA European Securities and Markets Authority ESRB European Systemic Risk Board ETF Exchange-traded fund ETP Electronic trading platform EU27 European Union minus the UK ESTER Euro Short-Term Rate ETD Exchange-traded derivatives EURIBOR Euro Interbank Offered Rate Eurosystem ECB and participating national central banks in the euro area FAQ Frequently Asked Question FASB Financial Accounting Standards Board FCA UK Financial Conduct Authority FEMR Fair and Effective Markets Review FICC Fixed income, currency and commodity markets FIIF ICMA Financial Institution Issuer Forum FMI Financial market infrastructure FMSB FICC Markets Standards Board FPC UK Financial Policy Committee FRN Floating-rate note FRTB Fundamental Review of the Trading Book FSB Financial Stability Board FSC Financial Services Committee (of the EU) FSOC Financial Stability Oversight Council (of the US) FTT Financial Transaction Tax G20 Group of Twenty GBP Green Bond Principles GDP Gross Domestic Product GFMA Global Financial Markets Association GHOS Group of Central Bank Governors and Heads of Supervision GMRA Global Master Repurchase Agreement G-SIBs Global systemically important banks G-SIFIs Global systemically important financial institutions G-SIIs Global systemically important insurers HFT High frequency trading HKMA Hong Kong Monetary Authority HMRC HM Revenue and Customs HMT HM Treasury HQLA High Quality Liquid Assets HY High yield IAIS International Association of Insurance Supervisors IASB International Accounting Standards Board IBA ICE Benchmark Administration ICMA International Capital Market Association ICSA International Council of Securities Associations ICSDs International Central Securities Depositories IFRS International Financial Reporting Standards IG Investment grade IIF Institute of International Finance IMMFA International Money Market Funds Association IMF International Monetary Fund IMFC International Monetary and Financial Committee IOSCO International Organization of Securities Commissions IRS Interest rate swap ISDA International Swaps and Derivatives Association ISLA International Securities Lending Association ISSB International Sustainability Standards Board ITS Implementing Technical Standards KID Key information document EMTN EMU EP ERCC
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KPI LCR L&DC LEI LIBOR LTRO MAR MEP MiFID MiFID II/R MiFIR ML MMF MOU MREL MTF NAFMII NAV NCA NCB NPL NSFR OJ OMTs OTC OTF PBOC PCS PEPP PMPC PRA PRIIPs PSIF QE QIS QMV RFQ RFRs RM RMB RMO RPC RSP RTS RWA SBBS SEC SFC SFT SGP SI SLB SMEs SMPC SMSG SARON SOFR SONIA SPV SRF SRM SRO SSAs SSM SSR STS T+2 T2S TD TFEU TLAC TMA TONA TR VNAV
Key performance indicator Liquidity Coverage Ratio (or Requirement) ICMA Legal & Documentation Committee Legal Entity Identifier London Interbank Offered Rate Longer-Term Refinancing Operation Market Abuse Regulation Member of the European Parliament Markets in Financial Instruments Directive Revision of MiFID (including MiFIR) Markets in Financial Instruments Regulation Machine learning Money market fund Memorandum of Understanding Minimum requirement for own funds and eligible liabilities Multilateral Trading Facility National Association of Financial Market Institutional Investors Net asset value National competent authority National central bank Non-performing loan Net Stable Funding Ratio (or Requirement) Official Journal of the European Union Outright Monetary Transactions Over-the-counter Organised Trading Facility People’s Bank of China Prime Collateralised Securities Pandemic Emergency Purchase Programme ICMA Primary Market Practices Committee UK Prudential Regulation Authority Packaged Retail and Insurance-Based Investment Products Public Sector Issuer Forum Quantitative easing Quantitative impact study Qualified majority voting Request for quote Near risk-free reference rates Regulated Market Chinese renminbi Recognised Market Operator (in Singapore) ICMA Regulatory Policy Committee Retail structured products Regulatory Technical Standards Risk-weighted asset Sovereign bond-backed securities US Securities and Exchange Commission Securities and Futures Commission Securities financing transaction Stability and Growth Pact Systematic Internaliser Sustainability-Linked Bond Small and medium-sized enterprises ICMA Secondary Market Practices Committee Securities and Markets Stakeholder Group (of ESMA) Swiss Average Rate Overnight Secured Overnight Financing Rate Sterling Overnight Index Average Special purpose vehicle Single Resolution Fund Single Resolution Mechanism Self-regulatory organisation Sovereigns, supranationals and agencies Single Supervisory Mechanism EU Short Selling Regulation Simple, transparent and standardised Trade date plus two business days TARGET2-Securities EU Transparency Directive Treaty on the Functioning of the European Union Total Loss-Absorbing Capacity Trade matching and affirmation Tokyo Overnight Average rate Trade repository Variable net asset value
