Risk Management Transactions for New Issuance Standard for Fixed Income Markets Press Release

London, 3 July 2018 – The FICC Markets Standard Board (FMSB) has today issued its Standard on Risk Management Transactions for New Issuance. The Standard sets out several core principles relevant to risk management transactions connected with new issues in the fixed income markets. It identifies potential conduct risks created during these transactions, and describes […]

FICC Markets Standards Board (FMSB) issues Statement of Good Practice on Information and Confidentiality

London, 1 June 2018 – The FICC Markets Standards Board (“FMSB”) today publishes a Transparency Draft of a new Statement of Good Practice on Information and Confidentiality for fixed income and commodities markets. The question of what information may be shared between participants in these markets is complex and recent conduct events have drawn attention […]

FICC Markets Standards Board Issues New Statement of Good Practice on Suspicious Transaction and Order Reporting

London, 4 May 2018 – The FICC Markets Standards Board (“FMSB”) today publishes a Transparency Draft of a new Statement of Good Practice on Suspicious Transaction and Order Reporting. This Statement of Good Practice covers the identification of suspicious transactions and orders and their reporting to the relevant regulator. In the UK and other jurisdictions […]

FICC Standards Board (FMSB) issues new Standard on Secondary Market Trading Error Compensation

London, 20 March 2018 – The FICC Markets Standards Board (“FMSB”) today publishes its Transparency Draft Standard on Secondary Market Trading Error Compensation. The Standard deals with the issues concerning how compensation should be paid following a trading error. It sets out that compensation can be paid in the following ways: • By direct payment […]

Mark Carney, Governor of the Bank of England, commends FMSB for progress in building real markets for the good of the people

30 November 2017, London At an event hosted by the FICC Markets Standards Board (“FMSB”) yesterday, Mark Carney, Governor of the Bank of England, spoke of the FMSB’s work as an integral part of the Fair and Effective Markets Review (FEMR), and called for a comprehensive and dynamic solution to market regulation. He said: “Total […]

FMSB marks two years of progress with event addressed by Mark Carney and Andrew Bailey

London, 29 November 2017 – The FICC Markets Standards Board (“FMSB”) is delighted to announce it is hosting an event today which will be addressed by Mark Carney, Governor of the Bank of England, and Andrew Bailey, Chief Executive Officer of the FCA. FMSB was formed two years ago following the recommendations of the Fair […]

FICC Markets Standards Board issues new Standard on risk management activity associated with bond new issuance

London, 25 October 2017 – The FICC Markets Standards Board (“FMSB”) today publishes its Transparency Draft of the Risk Management Transactions for New Issuance Standard for the Fixed Income markets. The Standard sets out several core principles relevant to risk management transactions associated with new issues in the fixed income markets, and identifies potential conduct […]

FMSB Annual Report sets out new approach for dealing with abuse in wholesale markets

20 September 2017 The FICC Markets Standard Board (FMSB) has today issued its 2017 Annual Report setting out the progress it has made to enhance standards of behaviour in the wholesale Fixed Income, Currencies and Commodities (“FICC”) markets. FMSB was established in 2015 following the recommendations of the Fair and Effective Markets Review which was […]