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


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

A not-for-profit, privately-owned change agent, we are the leading market-led, global standards body for fair and effective wholesale financial markets.

Led by practitioners from the sell side, buy side and corporations as well as data providers, trading venues, exchanges and other platforms, we develop Standards, Statements of Good Practice and Spotlight Reviews.

Our members make us. Our model is consensus-driven. Subject matter experts from member firms debate issues and standards in working groups and are able to benchmark their approaches against industry peers, thus helping to lift standards of conduct.  

Catherine Brown

Mark Yallop

Ciara Quinlan

Karim Haji and Simon Maisey

Myles McGuinness

Mark Carney

Mark Carney and Mark Yallop

Find out more about FMSB:

News and publications




Financial Markets Standards Board (FMSB)  welcomed Commonwealth Bank of Australia (CBA) on 16 May 2022, to be part of the leading market-led, global standards body for fair and effective wholesale financial markets. Joining FMSB’s 48-strong membership …read more.




We’re pleased to announce that FMSB is changing its name from FICC Markets Standards Board to Financial Markets Standards Board.This change will help support engagement with a wider range of users of wholesale markets who may be less familiar with the …read more.




Today the industry-led Post-Trade Task Force publishes its report “Charting the Future of Post-Trade”. The FICC Markets Standards Board (FMSB) has agreed to take the Task Force’s work forward through FMSB’s new Post-Trade Committee. Announced in a …read more.




FMSB today announced three new joiners to its Secretariat. In an announcement, CEO Myles McGuiness wrote: “As we move forward in our shared mission to make the financial markets fairer and more effective, we have three new joiners who bring technical, …read more.




1 March 2022 – The FICC Markets Standards Board (“FMSB”) today publishes the final Standard for the Conduct of Participants in LBMA Precious Metal Auctions.LBMA Auctions establish prices in certain precious metals that are used as benchmark reference p …read more.

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