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
Jan
2025
14
Financial Markets Standards Board (“FMSB”) has today set out its Workplan for 2025. The 2025 Workplan includes work that is currently in progress across FMSB’s five Committees, as well as topics that have been raised for consideration in 2025. In line …read more.
Jan
2025
08
Financial Markets Standards Board (“FMSB”) has today published in final form its updated Statement of Good Practice (“SoGP”) Front Office Supervision of Wholesale Traded Markets. The SoGP sets out 15 good practice statements, grouped under five themes, …read more.
Dec
2024
19
Financial Markets Standards Board (“FMSB”) has today published its Standard for Client Onboarding: Documentation and Processes and Annexes as final. The Standard was developed by a Working Group made up of representatives from FMSB Member firms and pr …read more.
Dec
2024
17
Financial Markets Standards Board (“FMSB”) has today published a Statement of Good Practice (“SoGP”) on the Governance of sustainability-linked products (“SLPs”) in Transparency Draft. The SoGP is intended to codify good practices for the governance of …read more.
Nov
2024
11
Encompass Corporation, a leading corporate digital identity provider, has joined Financial Markets Standards Board (FMSB) as an Associate Member. The addition of Encompass widens the pool of expertise available to further develop FMSB’s work, via its P …read more.