International Capital Market Association (ICMA)

Definition

A self-regulated trade association that plays an active role in the capital markets by influencing financial regulations in Europe. Based out of Zurich, Switzerland, it was created in July 2005 after the International Securities Market Association and the International Primary Market Association merged. Since then, the group has grown to include more than 400 members across 50 countries.
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International Capital Asset Pricing Model (CAPM) international clearing system