In The News

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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 […]

Press coverage

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The FMSB team took to the stage at Asian Institute of Chartered Bankers (AICB)’s Global Banking Discourse Series

17th July 2017 - On 13 July 2017, the third installation of the Asian Institute of Chartered Bankers (AICB)’s Global Banking Discourse Series for 2017, titled “Tricks of the Trade – (Mis)behaviour of Financial Markets” was held at Conference Hall 1, Sasana Kijang, Kuala Lumpur. Over 120 attendees were at the event, which featured speakers from the FICC Markets Standards Board Limited (FMSB) and Oliver Wyman consultancy. The objective of the event was to discuss how financial market abuses take place as well as the safeguard measures financial institutions need to identify in order to reduce financial market abuse risks.

Speeches

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Mark Yallop Addresses the Fixed Income Leaders Summit in Boston

FMSB Chair Mark Yallop spoke at the Fixed Income Leaders Summit in Boston on May 18 2017. A full transcript of his speech, “Setting FICC Standards: How can buy and sell side collaboration be brought forward to promote standards in Wholesale Markets?” is available here.

Mark Yallop Addresses the FT Banking Standards Conference

FMSB Chair Mark Yallop spoke at the FT Banking Standard Conference in London on 27 April 2017. A full transcript of his speech, “Rebuilding Trustworthiness in Financial Markets”, is available here