The Financial Markets Standards Board (FMSB) is a practitioner-led standards setter.

 

We work directly with market practitioners
and others globally, including:

FMSB is an industry-led, member-funded, not-for-profit, global standards body for the wholesale financial markets. Our Members represent all parts of the wholesale financial industry: banks, investment institutions, infrastructure providers, corporates, pension funds and interdealer brokers. Collectively, they account for a significant proportion of the global wholesale financial market.

FMSB produces a range of publications, driven by a structured approach to horizon scanning and actively developed by Members in our five Committees.

FMSB Standards
Standards of market practice that Members are formally committed to adhere to.

Statements of Good Practice (SoGP)
Reflecting FMSB’s view of what constitutes best practice in a particular area. Members are expected to review and adapt their own market practices to align with relevant SoGPs although there is no formal adherence requirement.

Spotlight Reviews
Focused on important emerging issues, drawing on the insight of Members and industry experts to highlight new challenges for the market and inform topics for future work.

Find out more about FMSB:

News and publications

Jun

2025

19

Financial Markets Standards Board (FMSB) is pleased to welcome Macquarie Bank Limited, Commodities and Global Markets (Macquarie CGM) as a full Member. As part of Macquarie’s membership, Head of Commodity and Global Markets EMEA, Arun Assumall, will jo …read more.

Jun

2025

16

FMSB Senior Technical Specialist Mimi Yan leads the activities of FMSB’s Post-Trade Committee which aims to find practical, industry-wide solutions to post-trade and other operational issues in wholesale markets.  Here she shares more about the Committ …read more.

May

2025

21

Financial Markets Standards Board (“FMSB”) is pleased to announce the successful participant for its 2025 Board mentoring programme. Giulia Pecce, Director, Head of Secondary Capital Markets and Wholesale Investor Protection Policy at the Association f …read more.

May

2025

16

Financial Markets Standards Board (FMSB) is pleased to announce the appointment of its first APAC-based Board Director, Peter Warne. Peter has had a distinguished career in financial services spanning 40 years and stepped down as Chair of Macquarie Gro …read more.

May

2025

12

Financial Market Standards Board’s (FMSB) 2024 Annual Report is now live. The report, which documents FMSB’s output and activities throughout 2024, illustrates significant momentum in terms of the extent and range of topics FMSB Committees and Working …read more.

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