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

Feb

2025

11

We are pleased to announce that Gareth Murphy, Group Chief Risk Officer at abrdn and Alison Higgins, Markets Head for UK, Europe, and the Americas and Global Head of Control for Markets at Standard Chartered Bank, are taking on the role of joint Chairs …read more.

Jan

2025

27

Financial Markets Standards Board (“FMSB”) has today published its Standard for Sharing of Standard Settlement Instructions (SSIs) as final.  The Standard aims to increase the adoption of electronic solutions that allow for standardisation and pre-auth …read more.

Jan

2025

23

Financial Markets Standards Board (“FMSB”) is pleased to launch its Board mentoring programme for 2025. FMSB successfully piloted the programme over the past 18 months, with two candidates taking part.   The 2025 programme offers the opportunity for an …read more.

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.

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