What We Do: Our Business Model

FMSB’s business model is unique in ways that create real value for its Members and for the broader industry.

1Practitioner led

2Independent but with close relationships with regulators

3Internationally relevant standards backed by an adherence mechanism

4Agile and cost effective

FMSB Members represent all sections of the wholesale financial markets:

  • Sell-side
  • Buy-side
  • Infastructure and data service providers
  • Corporates
  • Pension funds
  • Interdealer brokers

FMSB is a wholly independent, not-for-profit organisation, fully funded by its Members. FMSB has close relationships with global regulators but does not engage in lobbying activities that might otherwise compromise its unique convening role with both regulators and firms.

It is fully funded by its Members through annual subscriptions.

FMSB’s Member-driven work programme coupled with strong, international regulatory engagement ensures that FMSB Standards have broad relevance and acceptance across the industry.

Mandatory adherence for Members means that FMSB Standards have real practical significance for the way that business is conducted in large parts of the industry.

FMSB operates with a small central team and is supported by expert resources made available by its Members. FMSB publications also allow a calibrated response to emerging issues. This flexibility in resources and approach means that FMSB can respond quickly to Members’ needs.