FMSB publishes Spotlight Review on examining hybrid working risks in FICC markets

FMSB publishes Spotlight Review on examining hybrid working risks in FICC markets   30 September 2021 – The FICC Markets Standards Board (FMSB) has today published a Spotlight Review which examines hybrid working risks in FICC markets.  The flexible working practices that have emerged following the onset of the COVID-19 pandemic have given rise to a number of benefits for FICC market participants. There is a desire to harness some […]

FMSB Annual Report 2020

The FMSB Annual Report 2020, published on 2 June 2021, presents the significant progress made during 2020 and outlines our priorities for 2021.  

UK markets board publishes Term Sonia standards

28 July 2021 – Article by Luke Jeffs in Global Investor Group

Published term Sonia standards give niche debt transition clarity

28 July 2021 – Article by Mike Turner in Global Capital

FMSB publishes final Standard on the use of Term SONIA reference rates

28 July 2021 – The FICC Markets Standards Board (“FMSB”) today publishes the finalised Standard on use of Term SONIA reference rates. The Standard was initially published as a Transparency Draft on 24 March 2021. Since its publication, UK regulators have provided supportive references to the Standard, including in a […]

FMSB appoints Myles McGuinness as its new Chief Executive Officer

7 June 2021 – The FICC Markets Standards Board (“FMSB”) today announces the appointment of Myles McGuinness as its new Chief Executive Officer. Myles joins FMSB from NatWest Markets where he has spent the last 20 years across a number of senior roles, most recently as Head of Capital Markets […]

FMSB Publishes 2020 Annual Report

2 June 2021 – The FICC Markets Standards Board (FMSB) has today issued its 2020 Annual Report setting out the progress made to enhance standards of behaviour in the wholesale fixed income, currencies and commodities (FICC) markets and its priorities for the year ahead. FMSB is a private sector, practitioner-led […]

Descending safely: Life after Libor – speech by Andrew Bailey

The Governor of the Bank of England, Andrew Bailey, made reference to FMSB’s work in a speech on 11 May 2021 at the Alternative Reference Rates Committee’s ‘SOFR Symposium: The Final Year’ about the move away from the use of LIBOR. Read the speech here: Descending safely: Life after Libor […]

FMSB publishes a Standard for the execution of Large Trades in FICC markets

6 May 2021 – The FICC Markets Standards Board (“FMSB”) today publishes a final Standard setting out expected behaviours for the execution of Large Trades by participants in FICC markets.   Large Trades – transactions that are greater than the available liquidity prevailing in the market – can create undue pressure on markets, across all FICC asset classes. They create real execution challenges, […]