“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.
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