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
Jul
2025
23
Financial Markets Standards Board (“FMSB”) has today published a Statement of Good Practice (“SoGP”) on Unauthorised Trading Frameworks in Transparency Draft for industry consultation and feedback. The purpose of this publication is to help establish p …read more.
Jul
2025
21
Financial Markets Standards Board (“FMSB”) has today published a Spotlight Review – An update on Carbon Markets. This publication updates FMSB’s 2022 publication on Voluntary Carbon Markets, but widens the scope to include compliance markets. The rep …read more.
Jul
2025
14
14 July 2025 – FMSB features in an article by Andrew Large and published on Reuters. In the article: ‘Guest view: The City of London requires a strategy’, Andrew emphasises the need ‘… to encourage a move more towards a standards-based regulatory appro …read more.
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.