Financial Markets Standards Board
Dedicated to fair and effective markets

Industry-led

Member-funded

Not-for-profit

Financial Markets Standards Board (FMSB) Members represent all parts of the wholesale financial markets industry: banks, investment institutions, infrastructure providers, corporates, pension funds, data service providers and interdealer brokers.

Our Purpose: Fair and Effective Markets

In 2015, the UK Fair and Effective Markets Review (FEMR) recommended the formation of a practitioner-led standards body dedicated to improving the fairness and effectiveness of wholesale financial markets in fixed income, currencies and commodities (FICC).

FMSB was tasked with addressing the gaps between regulation and actual market practices, to agree standards of good practice, drive adherence, and ultimately, to eliminate the bad behaviours that existing rules had occasionally failed to prevent.

We seek to support well-functioning, trusted, global wholesale financial markets that in turn support sustainable economic growth for governments, corporations and investors.

More about what we do

In-depth engagement

Meaningful engagement with regulators and public authorities is central to our mission. This has yielded several significant agreements both within the UK and globally.

Read about our active engagement

Our Approach

Members

FMSB Members collectively account for a significant proportion of the global wholesale financial markets.

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Committees and Working Groups

FMSB Members actively engage to identify and address a broad range of relevant topics via Committees and Working Groups.

See how we do it

About joining

FMSB membership is open to all users of global wholesale financial markets. Interested in shaping the future of these markets?

Find out about joining

Our structure

FMSB has a unique structure, including an Advisory Council, Standards Board, Board of Directors and a supporting Secretariat.

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Latest Publications

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Latest News

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