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 […]

FMSB Welcomes BIS Global FX Code

London, 25 May 2017. The FICC Markets Standards Board (FMSB) welcomes the new BIS Global FX Code launched today. The Code is an important step forward in improving practice standards in wholesale FX markets. Mark Yallop, Chair of FMSB said: “Conduct in the foreign exchange markets was one of the areas of concern highlighted by […]

FICC Markets Standards Board (FMSB) members make new issue process for bonds more transparent

London, 2 May 2017. Leading market participants have published final guidelines that clarify expected behaviour during the new issue process for fixed income bonds in Europe. A series of measures are detailed in the new standard from the FICC Markets Standards Board (“FMSB”) to enhance the fairness and effectiveness of the new issue process for […]

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 […]