ICMA Centre Blog

One swallow or the making of summer?

The work of the ICMA Centre is to educate about the capital markets, so the students and the managers are all pleased that there are reported green shoots in the City Finance industry. But what will it mean for vacancies? From a graduate recruitment perspective, the last few years have seen increased importance towards internships…

Pause and Rewind

Early in my career I spent a year as a trainer for a retail bank, running courses on customer service, telephone & letter writing skills, communication and so on. We used to use training videos in lots of these courses, where actors (such as John Cleese) performed skits highlighting how not to & then how…

Revisions to the Basel Leverage Ratio

The first details of the Leverage Ratio were released by the Basel Committee on Banking Supervision in June 2013. The big shock was the exclusion of any form of netting. In January 2014, however, Basel appeared to have relented and issued revisions to the Leverage Ratio that allow limited netting. These changes have been broadly…

Mapping the European Repo Market

The European interdealer repo market can be usefully mapped at three levels of activity: trading — the negotiation and execution of transactions; clearing — the netting by counterparties of (1) opposite obligations to deliver the same security (same ISIN) to each other on the same day and (2) opposite obligations to pay cash in the…

ICMA Centre Christmas Party

By Nishant Gupta, Student Ambassador On 11th December 2014, the ICMA Centre hosted an enchanted and memorable evening to celebrate Christmas. The annual Christmas party gave a break to the students and the management staff from their usual routines and brought them together to enjoy the evening. The food and drinks were arranged on the house by the…

Visit to Bloomberg headquarters

By Max Kettner, Student Ambassador On 6 December, 25 students across several ICMA Centre programmes headed to London to visit the European headquarters of Bloomberg, one of the largest financial information service providers in the world. The students were welcomed by Luis Jimenez from the Analytics team of Bloomberg and were given the opportunity for various refreshments at Bloomberg’s fruit bar. After…

Repo, re-use and re-hypothecation

In the regulatory debate about shadow banking, and in particular repo, there has been much confusion about the legal terminology of collateral, some of it threatening to have substantive policy consequences. This blog is a basic primer on the difference between ‘re-use’ and ‘re-hypothecation’ of collateral. Outside the US, a repo works by means of…

ICMA Centre Christmas Party

This is an opportunity to relax after the stress of tests and projects and enjoy a few drinks with friends, colleagues and staff before the end of term. We will be running a raffle and games for which there will be a variety of prizes to be won! There is also a competition for best…

ICMA Centre Alumni Panel

By Swathi Venkatesan, Student Ambassador The ‘ICMA Centre Alumni Panel’ event on Thursday 14th November invited former ICMA Centre undergraduate, postgraduate and PhD students to share their valuable experiences, tips and advice. The panel consisted of former ICMA Centre students currently working in financial services firms such as Ascot Wealth Management, BNP Paribas, Credit Suisse,…

Meet the Leaders

By Dominik Esch, Student Ambassador On the 24th of October Henley Business School hosted an event in collaboration with the Worshipful Company of World Traders, namely “the re-industrialisation of Britain – problems, solutions and prospects.” Initiated by Martyn Drage, the event welcomed high-profile guests from the field of financial services (Eddie Stobart, FCA Throgmorton Trust PLC and Lloyds Banking Group), energy (Chris Finlayson, the CEO of BG Group,…