Issue no. 22: ICMA Regulatory Policy Newsletter
Issue no. 22: ICMA Regulatory Policy Newsletter
Issue no. 22: ICMA Regulatory Policy Newsletter
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Message from the Chief Executive<br />
Martin Scheck<br />
The highlight for <strong>ICMA</strong> since the<br />
last quarterly assessment has<br />
been our AGM and Conference,<br />
held in Paris on 25 to 27 May.<br />
The AGM is always important<br />
for the membership – this year<br />
particularly since the proposal to<br />
increase the fees from 1 January<br />
2012 was so crucial to the future<br />
of <strong>ICMA</strong>. Many thanks for the<br />
confidence you have shown in<br />
<strong>ICMA</strong> and our activities with your<br />
overwhelming vote in favour.<br />
I would also like to welcome the<br />
new Board members to <strong>ICMA</strong> -<br />
Allegra Berman from UBS and<br />
Spencer Lake from HSBC – and I am delighted that Cyrus<br />
Ardalan has also joined the Board and been chosen as<br />
Chairman. Cyrus’ breadth and depth of experience in the<br />
securities markets and his wealth of contacts fit him ideally<br />
FOREWORD<br />
for this role and I and my colleagues look forward to<br />
working with him. On behalf of all of us at <strong>ICMA</strong>, I would like<br />
here to thank Hans-Joerg Rudloff for his vision, guidance<br />
and active support during his tenure as our Chairman over<br />
these last six years.<br />
The AGM and Conference were particularly well attended<br />
this year, and the comments from the panels and key<strong>no</strong>te<br />
speakers illustrated just how critical it is for the industry<br />
to engage actively with the regulators and policy makers<br />
to ensure that the views of market practitioners are fully<br />
considered. Along with our role in setting standards of best<br />
market practice this is one of <strong>ICMA</strong>’s key functions – and<br />
we are grateful to those of you who sit on our committees,<br />
councils and working groups for your contribution to this<br />
process on behalf of the industry as a whole.<br />
Martin Scheck<br />
Chief Executive, <strong>ICMA</strong><br />
martin.scheck@icmagroup.org<br />
The Future of Capital Markets panel at <strong>ICMA</strong>’s Paris AGM and Conference. Left to right: Jean-Marc Giraud, Global Head of Global Capital Markets,<br />
Société Générale Corporate & Investment Banking; Jim Turnbull, Managing Director, Triarii Advisors; Martin Scheck, Chief Executive, <strong>ICMA</strong>; Martin<br />
Egan, Global Head of Primary Markets & Origination, BNP Paribas; Lachlan Burn, Partner, Linklaters LLP; Frank Czichowski, Senior Vice President/<br />
Treasurer, KfW<br />
<strong>ICMA</strong> <strong>Regulatory</strong> <strong>Policy</strong> <strong>Newsletter</strong> Third Quarter 2011 | 3