FICC Markets Standards Board issues guidelines on surveillance and training in wholesale markets

London, 8 December 2016. Using automated voice surveillance systems and surveillance techniques involving Natural Language Processing are among the emerging practices being used to combat the risk of insider dealing and market manipulation, according to new guidelines from the FICC Markets Standards Board (“FMSB”). The practices are highlighted in a new FMSB paper or ‘Statement […]

FICC Markets Standards Board proposes greater transparency in new issue process for debt

London, 18 November 2016. Banks should be more transparent about their allocation policies and investors should make sure their orders are a true representation of their demand, according to a proposed new standard on corporate and other debt issues from the FICC Markets Standards Board (“FMSB”). The New Issue Process Standard for the Fixed Income Markets sets […]

New Issue Process for Debt standard – Transparency Draft for comment

London, 18 November 2016.  The FICC Markets Standards Board (“FMSB”) has today published its third standard aimed at improving conduct in the wholesale Fixed Income, Currency and Commodities (“FICC”) markets. The standard, which is being published as a transparency draft for comment, builds on the ICMA code for investment grade debt but would apply to all widely syndicated […]

FICC Markets Standards Board (FMSB) appoints Gerry Harvey as Chief Executive Officer

London, 5 August 2016. The FICC Markets Standards Board (“FMSB”) has appointed Gerry Harvey as its first Chief Executive Officer. Gerry Harvey has 30 years’ experience in the wholesale financial markets and extensive experience in the regulatory field. Mark Yallop, Chair of the FICC Market Standards Board (FMSB), said: “I am delighted Gerry is joining […]

FICC Markets Standards Board (FMSB) publishes second standard for wholesale FICC markets

London, 22 July 2016. The FICC Markets Standards Board (“FMSB”) has today published its second standard aimed at improving conduct in the wholesale Fixed Income, Currency and Commodities (“FICC”) markets. The standard, which is being issued in draft form for comment, covers binary options in the commodities markets. Binary options, also known as barrier or […]

Commodities Binary Options standard – Transparency Draft for comment

London, 22 July 2016. The FICC Markets Standards Board (“FMSB”) has today published its second standard aimed at improving conduct in the wholesale Fixed Income, Currency and Commodities (“FICC”) markets. The standard, which is being issued in draft form for comment, covers binary options in the commodities markets. [Click here for standard] Binary options, also known as […]

FICC Markets Standards Board (FMSB) Chair publishes letter to FEMR Principals

London, 30 June 2016. The FICC Markets Standards Board (“FMSB”) has today published its letter written by the Chair to the FEMR Principals following the first anniversary of the FMSB. The FMSB was set up by market practitioners following the Fair and Effective Markets Review (“FEMR”) to improve conduct in the wholesale FICC markets. It does this by […]

Fixed Income Reference Price Transactions standard – Transparency Draft for comment

London, 30 June 2016. The FICC Markets Standards Board (“FMSB”) has today published its first standard aimed at improving conduct in the wholesale Fixed Income, Currency and Commodities (“FICC”) markets. The standard, which is being issued in draft form for comment, covers reference price transactions in the fixed income rates markets. [Click here for standard] […]

FICC Markets Standards Board (FMSB) publishes first standard for wholesale FICC markets

London, 30 June 2016. The FICC Markets Standards Board (“FMSB”) has today published its first standard aimed at improving conduct in the wholesale Fixed Income, Currency and Commodities (“FICC”) markets. The standard, which is being issued in draft form for comment, covers reference price transactions in the fixed income rates markets. [Click here for standard] […]

FMSB welcomes 1st phase of BIS FX code of conduct

London, 26 May 2016.  The FICC Markets Standards Board (FMSB) welcomes publication of the first phase of the BIS Foreign Exchange Working Group’s code of conduct. This is an important step in the development of a global code to strengthen standards in the foreign exchange markets and we strongly endorse this initiative.