International Capital Market Association (ICMA)

The International Capital Market Association (ICMA) is a global organization that sets standards and best practices for the international bond and debt markets. Its aim is to promote transparency, efficiency, and trust among market participants—including issuers, investors, and financial institutions. ICMA develops guidelines, codes of conduct, and provides industry research and training to ensure smooth and reliable capital markets worldwide. Essentially, it helps create a safer, more predictable environment for issuing and trading debt securities across borders.