Skip to main content

ICMA Quarterly Report Fourth Quarter 2025

Page 1

9 October 2025 | Fourth Quarter | Issue 79

Inside this issue:

Advancing global markets The US Treasury market: major drivers and current outlook Market fragmentation and the pursuit of greater international harmonisation The future of financial markets: The role of DLT and tokenization in Europe Demystifying repo haircuts Building integrated bond markets: lessons from the EU consultation and ICMA’s vision Primary, secondary and repo and collateral markets Sustainable finance FinTech and digitalisation Emerging capital markets


Turn static files into dynamic content formats.

Create a flipbook
ICMA Quarterly Report Fourth Quarter 2025 by ICMA - Issuu