How We Do It: Post Trade
The Post-Trade Committee, chaired by David Hudson, was established in 2022. Initially tasked with taking forward the recommendations of the Bank of England and FCA’s Post-Trade Task Force, the Committee’s Working Groups develop practical industry-wide solutions to address frictions in operational processes. It has issued two Standards to date: Client Onboarding: Documentation and Processes and Sharing of Standard Settlement Instructions (SSIs).

“FMSB is unique as Members truly commit to act together to raise market standards in ways no single participant can. The thoroughness and dedication of the Working Groups to find practical solutions to the Post-Trade Task Force’s recommendations is to be hugely commended.“
David Hudson, Chair of the FMSB Post-Trade Committee
Work in Progress
Digital identity
Developing consensus on the methods of recording, storing, and transmitting key data points to meet the necessary levels of assurance required to build an identity profile for corporate clients and associated natural persons.