“Probably a good idea” was how a leading market participant described the news that the International Capital Market Association (Icma), the International Swaps and Derivatives Association (Isda) and The Bond Market Association (TBMA) have formed a Global Capital Markets Board (GCMB).
The three associations are teaming up to form a global talking shop to represent the various interests of the capital markets industry. Specifically it will aim to find common ground on the various issues facing the capital markets.
GCMB is a compromise outcome.
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