ICMA Quarterly Report Third Quarter 2021

Page 56

2021

ICMA Virtual Events and Online Education

Through the ICMA Media Library you can access recordings of all our events and also listen to our popular ICMA podcast series. We feature current issues and themes relating to capital markets, including sustainable finance, the transition to risk-free rates, repo & collateral and the effect of COVID-19 on markets. We also have ‘in conversation’ pieces with influential industry figures and look at some broader themes relating to career development and inclusion.

Recent virtual events

The ICMA annual conference connected ICMA’s membership for an expert review of the main trends and developments in the international capital market over the last 12 months and looked forward at how these will impact financial markets and the global economy. Taking account of the global pandemic, key themes this year included: market developments and regulation in the primary, secondary and repo markets on the sell side and the buy side; progress on the transition from LIBOR to risk-free rates; the mainstreaming of sustainable finance; and how fintech is revolutionising capital markets, featuring speakers from major international institutions.

Following the Green Bond Principles (GBP) and Social Bond Principles (SBP) Annual General Meeting, members of its Executive Committee and working groups presented to the wider market an update on the 2021 edition of the GBP as well as other key documents. A panel of international experts discussed developments in the global sustainable bond market.

The impact of digitization on the asset management industry As the buy-side explores new possibilities offered by technological innovations, industry speakers discuss how the asset management will be affected by asset tokenisation and the use of artificial intelligence. The event also featured a presentation from the European Commission. ICMA & Ashurst Joint Event: Net Zero in Asia-Pacific - a closer look An in-depth, technical discussion of net zero strategies in the capital markets, with expert views on: fossil fuels and transition pathways; carbon offsets and decarbonisation technologies; measuring and reporting Scope 1, 2, and 3 emissions; challenges for cross-border businesses and portfolios; and social impacts of net zero policies. ICMA and METI joint virtual event: Transition Finance in Japan – now and going forward Japan’s Basic Guidelines on Climate Transition Finance, was published by Japan’s Ministry of Economy, Trade and Industry (METI), Financial Services Agency (FSA) and Ministry of the Environment (MOE) in May 2021. It explicitly references ICMA’s Climate Transition Finance Handbook. Transition to risk free rates: an official sector panel discussion Discussion with the UK Financial Conduct Authority, the Federal Reserve Bank of New York, the Swiss National Bank and the European Central Bank about progress and the remaining challenges in the transition from LIBOR/IBORs to risk-free rates, international coordination, and key messages from the official sector for market firms in the run-up to the end of 2021. ICMA & Frontclear Africa webinar series: Scaling-up Nigeria’s repo market development Nigeria’s repo market is fairly established, featuring a continual flow of short-term funds with periods of high and low activity in response to macro-economic conditions and regulatory activities. Banks dominate the repo market as a primary funding source for treasury activities, while pension funds have yet to actively join.

PAGE 56 | I SS U E 62 | THIRD QUARTER 2021 | ICMAGROUP.ORG


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