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
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.
May
2025
01
Financial Markets Standards Board (“FMSB”) has today published a Spotlight Review on Uncleared Margin for OTC Derivatives. The Spotlight Review illustrates the impact of key frictions and support for potential solutions in greater detail than has been …read more.
Apr
2025
30
Financial Markets Standards Board (“FMSB”) has today published a Statement of Good Practice (“SoGP”) on the Governance of sustainability-linked products (“SLPs”), setting out globally applicable good practices to promote robust and consistent governanc …read more.
Mar
2025
18
Droit, a regulatory technology firm, has joined Financial Markets Standards Board (FMSB) as an Associate Member. The addition of Droit widens the pool of expertise available to develop FMSB’s work, via its Conduct & Ethics Committee in particular, …read more.
Feb
2025
19
We are looking for an individual to join the Financial Markets Standards Board (FMSB) Secretariat as a Technical Director. This is an exciting opportunity to play a key role in shaping standards for fair and effective financial markets. As Technical Di …read more.