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


We work directly 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.  See what they’re working on in our five committees.

Catherine Brown

FMSB at Market Closing Ceremony

Mark Yallop

Myles McGuinness

Mark Carney

Find out more about FMSB:

News and publications




In a message to FMSB Members and supporters, Chair Mark Yallop today announced a pilot mentoring programme to give members of the financial community direct boardroom experience. Mark Yallop said: “This is a new initiative for 2023 where successful can …read more.




Financial Markets Standards Board (FMSB) today welcomed abrdn to be part of the market-led, global standards body for fair and effective wholesale financial markets. abrdn joins FMSB’s membership of market participants which represents all users of glo …read more.




• Infrastructure and data are vital next steps in the evolution of Voluntary Carbon markets• Market design is a critical concept as the Voluntary Carbon Markets expand• Overview highlights gaps in the current markets’ ecosystem29 September 2022 – The F …read more.




London, 29 September 2022 – The Financial Markets Standards Board (FMSB), has signed a Consultation Agreement with The Australian Securities and Investments Commission (ASIC).The Agreement formalises the continuing cooperation between FMSB and ASIC. …read more.




This Spotlight Review seeks to facilitate greater transparency of ESG ratings methodologies and data collection processes to enhance understanding of ESG ratings and facilitate comparability across ratings providers in wholesale financial more.

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