This Quarterly Report highlights three main themes: COVID-19 as a catalyst for change in international capital markets; post-Brexit: the way ahead in international capital markets; and sustainable finance. Other features are on Capital Markets Union and financing the recovery from COVID-19; the role of the Eurobond markets; transparency and liquidity in the European bond markets; lessons from COVID-19 and bond ETFs; and Asian bond market developments. 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, asset management, the transition to risk-free rates, and FinTech in international capital markets.
