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.

Mark Yallop appointed to head FICC Markets Standards Board

London, 11 May 2016. Mark Yallop has been appointed to chair the Fixed Income, Currency and Commodities or FICC Markets Standards Board (“FMSB”). An external member of the Prudential Regulation Authority (“PRA”) Board and former investment banker, he will take up the position in July. The FMSB was set up following the Fair and Effective […]

Market Practitioner Panel welcomes creation of FICC Markets Standards Board

Leading firms commit to supporting FMSB London, 10 June. The Market Practitioner Panel (“MPP”), an independent body created to advise the Fair and Effective Markets Review (“FEMR”), welcomes the proposed creation of the FICC Markets Standards Board (“FMSB”), announced today. Independent of, but supported by leading market participants, the FMSB will involve members from across […]

Announcement of the members of the Market Practitioner Panel

On 12 June 2014 the Government announced the Fair and Effective Markets Review, to reinforce the integrity of, and confidence in, UK wholesale financial markets, drawing on the insights of market participants, public officials, and end users of wholesale financial services. The Review is led by Minouche Shafik (Deputy Governor for Markets and Banking, Bank […]

Fair and Effective Markets Review announced by Chancellor of the Exchequer

A joint review by the Treasury, the Bank of England and the Financial Conduct Authority (FCA) into the way wholesale financial markets operate. The government is today announcing further steps to raise standards of conduct in the financial system with a joint review by the Treasury, the Bank of England and the Financial Conduct Authority […]