The ICMA Centre is the result of Europe's first active collaboration between industry and academia. In 1991, the International Capital Market Association began its association with the University of Reading and the university's finance department was renamed the ICMA Centre with a mission to teach and research in the area of capital markets to the highest international standards and to deliver graduates with the knowledge and skills demanded by the industry. In 2008 the ICMA Centre building doubled in size, with a £5 million extension funded by ICMA.  The Centre is an integral part of the University and the newly established Henley Business School, following the merger with Henley Management College.

The Centre has an international reputation for providing quality undergraduate, postgraduate and professional programmes tailored to the capital markets industry. The Centre’s success is based not only on the integration of applied finance theory and industry specific training but also its considerable professional and academic expertise, and strong links with companies and trade associations in the global finance industry.

Carol is the convenor of the ICMA Centre’s Masters degree in Financial Risk Management (FRM). As one of the first high level FRM degrees in the world, and one of the first two Finance Masters course to obtain PRM accreditation, this innovative course sets the standards for graduate programmes in financial risk management all over the world.