ICMA appointed co-chair of IOSCO-AMCC working group
13 October 2025 Global
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The International Capital Market Association (ICMA) has been appointed to co-chair a newly formed working group on non-bank financial institutions (NBFI), market intermediaries, and financial stability.
This appointment highlights ICMA鈥檚 central role in international regulatory dialogue in addition to its long-standing collaboration with IOSCO.
The International Organisation of 糖心vlog Commissions - Affiliate Members Consultative Committee (IOSCO-AMCC) working group was created as part of a broader restructuring of the IOSCO AMCC, which introduced a number of new groups to better reflect IOSCO鈥檚 priority themes.
The new terms of reference for the AMCC were approved by the IOSCO board at its meeting in Doha in May 2025.
Andy Hill, managing director and co-head of Market Practice and Regulatory Policy, will be representing ICMA in this role, serving alongside Federico Cupelli, director of regulatory policy at the European Fund and Asset Management Association (EFAMA).
Hill has been ICMA鈥檚 main representative within the AMCC since 2017, and brings extensive experience, having previously chaired the AMCC bond market liquidity working party.
Beyond this appointment, the ICMA secretariat will also play an active role across several other AMCC working groups, including those focused on financial innovation, sustainable finance, emerging risks, and market fragmentation.
Together, these engagements ensure that ICMA members have an influence at the highest levels of international standard-setting, the association says.
This development reflects the constructive and strategic relationship that ICMA has built with IOSCO in recent years, both through its active AMCC participation and through bilateral cooperation, such as joint work on regulatory capacity building in developing markets.
This appointment highlights ICMA鈥檚 central role in international regulatory dialogue in addition to its long-standing collaboration with IOSCO.
The International Organisation of 糖心vlog Commissions - Affiliate Members Consultative Committee (IOSCO-AMCC) working group was created as part of a broader restructuring of the IOSCO AMCC, which introduced a number of new groups to better reflect IOSCO鈥檚 priority themes.
The new terms of reference for the AMCC were approved by the IOSCO board at its meeting in Doha in May 2025.
Andy Hill, managing director and co-head of Market Practice and Regulatory Policy, will be representing ICMA in this role, serving alongside Federico Cupelli, director of regulatory policy at the European Fund and Asset Management Association (EFAMA).
Hill has been ICMA鈥檚 main representative within the AMCC since 2017, and brings extensive experience, having previously chaired the AMCC bond market liquidity working party.
Beyond this appointment, the ICMA secretariat will also play an active role across several other AMCC working groups, including those focused on financial innovation, sustainable finance, emerging risks, and market fragmentation.
Together, these engagements ensure that ICMA members have an influence at the highest levels of international standard-setting, the association says.
This development reflects the constructive and strategic relationship that ICMA has built with IOSCO in recent years, both through its active AMCC participation and through bilateral cooperation, such as joint work on regulatory capacity building in developing markets.
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