The ICMA Quarterly Report for the Fourth Quarter of 2019 begins with a Foreword by Michel Semaan, Chair of the ICMA European Repo and Collateral Council and Committee, and a Message from ICMA’s Chief Executive, Martin Scheck. The Quarterly Assessment provides an update on Brexit. These contributions are followed by feature articles on avoiding capital market fragmentation, on the repo and collateral markets and on progress in the transition to risk-free rates. The ICMA Quarterly Report also covers other international capital market practice and regulatory developments in the primary markets, secondary markets, repo and collateral markets, sustainable finance and asset management. Towards the end of the Quarterly Report, there is an international regulatory digest of recent G20, Chinese and European financial regulatory developments and an update on FinTech in international capital markets.
