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

Oct

2024

02

  We were honoured to welcome the Governor of the Bank of England and the Executive Director for Markets to our Standards Board meeting last week hosted by UBS. As we approach the tenth anniversary of the Fair and Effective Markets Review, which led to …read more.

Sep

2024

26

We were delighted to welcome Andrew Douglas (Chair of the UK Accelerated Settlement Technical Group TGT), joining Tim McLeod (Managing Director, Global Head of Securities Lending Operations and Head of International Investment Operations at Blackrock a …read more.

Sep

2024

26

Financial Markets Standards Board (FMSB) has renewed its Consultation Agreement with the Australian Securities and Investments Commission (ASIC). ASIC and FMSB first signed the Agreement in September 2022 to help promote global standards for fair and e …read more.

Aug

2024

01

The Toronto-Dominion Bank has joined Financial Markets Standards Board (FMSB) as a Full Member. The addition of The Toronto-Dominion Bank further broadens FMSB’s international reach and the impact of its work setting Standards and developing good pract …read more.

Jul

2024

26

Financial Markets Standards Board (FMSB), the market-led, global standards body for fair and effective wholesale financial markets, has today released a Spotlight Review on pre-hedging.  What is pre-hedging? The practice is generally understood as hedg …read more.

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