Category: News

14 July 2025 – FMSB features in an article by Andrew Large and published on Reuters. In the article: ‘Guest view: The City of London requires a strategy’, Andrew emphasises the need ‘… to encourage a move more…

Financial Markets Standards Board (“FMSB”) is pleased to announce the successful participant for its 2025 Board mentoring programme. Giulia Pecce, Director, Head of Secondary Capital Markets and Wholesale Investor Protection Policy at the Association for Financial Markets…

Financial Market Standards Board’s (FMSB) 2024 Annual Report is now live. The report, which documents FMSB’s output and activities throughout 2024, illustrates significant momentum in terms of the extent and range of topics FMSB Committees and Working…

We are looking for an individual to join the Financial Markets Standards Board (FMSB) Secretariat as a Technical Director. This is an exciting opportunity to play a key role in shaping standards for fair and effective financial…

We are pleased to announce that Gareth Murphy, Group Chief Risk Officer at abrdn and Alison Higgins, Markets Head for UK, Europe, and the Americas and Global Head of Control for Markets at Standard Chartered Bank, are…

Financial Markets Standards Board (“FMSB”) is pleased to launch its Board mentoring programme for 2025. FMSB successfully piloted the programme over the past 18 months, with two candidates taking part.   The 2025 programme offers the opportunity…

  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…

CISI’s The Review cites FMSB’s 2022 publication: Behaviour-pattern Conduct Analysis: Market misconduct through the ages in a piece looking at what the history of financial crime can tell us about current misconduct

25 September 2024 – Risk.net piece highlights FMSB Spotlight Review: Pre-hedging Case Studies

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 effective…

28 July 2024 – Regulation Asia features publication of FMSB Spotlight Review on Pre-hedging Case Studies

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 hedging where ‘liquidity providers…

17 July 2024 – Global Custodian features publication; UK’s FMSB publishes transparency draft of standard for sharing of Standard Settlement Instructions

15 July 2024 – Norton Rose Fulbright | Global Regulation Tomorrow features the publication of the FMSB – Transparency draft on standard for sharing of standard settlement instructions

15 July 2023 – The FullFX features publication of Transparency Draft of the Standard for Sharing Settlement Instructions (SSI’s)

31 May 2024 – FXAlgoNews features launch of final Statement of Good Practice for the application of a model risk management framework to electronic trading algorithms.

Financial Markets Standards Board (FMSB), a market-led, global standards body for fair and effective wholesale financial markets, has joined the International Organization of Securities Commissions (IOSCO) as an Affiliate Member. Joining IOCSO supports FMSB’s objectives: to identify global…

FMSB’s 2023 Annual Report is now live. The report highlights key publications last year including: Spotlight Reviews on The 3 Lines Model: A lens on risk management frameworks, on Conduct and Culture MI and the final Spotlight…

On International Women’s Day Sabina Liu, the first participant in FMSB’s Board mentoring programme, shares her perspective on how the programme benefitted both her and FMSB, as well as giving her advice to anyone aspiring to board…

FMSB Senior Technical Specialist Ted MacDonald highlights the potential for risk and accounting professionals to play a significant role in raising standards of conduct and culture in the banking sector in his preface to: Risk cultures and…

We are delighted to report that Mark Yallop, our former Chair, has been awarded a CBE for services to the Financial Sector and to Charity in the King’s New Year Honours list 2023.

Agreement signed by New Zealand regulator and global standards body to uphold and promote financial market integrity. London, 29 November 2023 – The Financial Markets Standards Board (FMSB), has signed a Consultation Agreement with The New Zealand…

We are pleased to announce that Daniel Mayston has assumed the Chair of the FMSB Electronic Trading and Technology Committee (ETTC). Daniel is currently Head of Electronic Trading and Market Structure EMEA at Blackrock. Daniel has represented…

We are pleased to announce that Kieran Higgins has assumed the Chair of the FMSB Market Practices Committee.  Kieran is currently Head of Flow Rates Trading, EMEA and Co-Head of Global Finance & Rates SM at Citi.  Kieran has…

Bloomberg hosted a reception on 11 September 2023 in honour of Mark Yallop’s 7-year tenure as Chair of FMSB. In attendance were many FMSB supporters including current and former FMSB Advisory Council, Standards Board Members and Working…

Joseph Longo, Chair of the Australian Securities and Investments Commission, made reference in his speech on 20 June 2023 to work by Financial Markets Standards Board (“FMSB”). Read the speech. And see this article by Rick Steves…

Take a look at FMSB Chair Mark Yallop’s time as Chair of FMSB. Mark is stepping down from the role after seven years. Mark Yallop’s time at FMSB    

FMSB’s Annual Report is now live. It maps a year of international and Member engagement, and key collaborations to promote the fairness and effectiveness of wholesale financial markets. In his Chair’s report, Mark Yallop reiterates his decision…

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…

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.  The Commission supports…

FMSB Chair Mark Yallop spoke at the London Stock Exchange on 12 July at a Market Closing in honour of FMSB’s contribution to fairer and effective markets. Read the full speech here and the ‘LSEG welcome story‘.…

FMSB’s Annual Report 2021 is now live and includes an interview with CEO Myles McGuinness, features by market participants on ESG Ratings and Large Trades, along with details of our public private partnership. In his Chair’s report, FMSB’s Mark…

Starling Compendium 2022 takes an in-depth look at FMSB in its culture and conduct risk in Banking section.

We’re pleased to announce that FMSB is changing its name from FICC Markets Standards Board to Financial Markets Standards Board. This change will help support engagement with a wider range of users of wholesale markets who may…

Today the industry-led Post-Trade Task Force publishes its report “Charting the Future of Post-Trade”. The FICC Markets Standards Board (FMSB) has agreed to take the Task Force’s work forward through FMSB’s new Post-Trade Committee. Announced in a joint…

15 December 2021, Plato Partnership and FMSB have today announced an agreement to co-operate on Fixed Income, Currencies and Commodities (“FICC”) academic research via Plato’s Market Structure Academic Research programme (“MI3”). Launched in September 2019, the Plato…

8 December 2021 – Article by Peter Hobson, Reuters

A Memorandum of Understanding (MoU) has been agreed with FMSB, the Bank of England and the Financial Conduct Authority. This tri-partite MoU sets out a high-level framework formalising the continuing cooperation between FMSB, the Bank and FCA…

London, 9 November 2021 – The FICC Markets Standards Board (FMSB), Bank of England (the Bank) and Financial Conduct Authority (FCA) have today announced signing a tri-party Memorandum of Understanding (MoU). The MoU sets out a high-level…

15 October 2021 – Article by Tim Hitchcock in Thomson Reuters: Regulatory Intelligence

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

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

28 July 2021 – Article by Mike Turner in Global Capital

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…

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…

1 February 2021 – The FICC Markets Standards Board (FMSB) today announces that Martin Pluves has decided to step down from his role as CEO.

10 September 2020 – Article by Andy Samu in Disruption Banking.

8 September 2020 – Article by Editors in Regulation Asia (subscription may be required).

7 September 2020 – Article by Colin Lambert in Profit & Loss.

7 September 2020 – Article by Lynn Strongin Dodds in Best Execution.

7 September 2020 – Article by Wendy Lisney in Global Investor (subscription may be required).

13 August 2020 – Article by Sinead Cruise and Kirstin Ridley in Reuters.

1 August 2020 – Article in The Economist (subscription may be required).

5 August 2020 – Article by Tom Groenfeldt in Forbes.

4 August 2020 – Article in Finextra.

27 July 2020 – Article by Shirley Yu in The New York Times.

27 July 2020 – Article by Wendy Linsey in Global Investor (subscription may be required).

27 July 2020 – Article by Huw Jones in Reuters Business News

24 June 2020 – Article by Annabel Smith in The Trade.

25 June 2020 – Article by Bérengère Sim in Financial News (subscription may be required).

11 June 2020 – Article by Shanny Basar in Markets Media.

12 June 2020 – Article by Hannah Meakin in Financial Services: Regulation tomorrow.

11 June 2020 – Article by Wendy Lisney in Global Investor (subscription may be required).

11 June 2020 – The FICC Markets Standards Board (FMSB) has today published a Spotlight Review on LIBOR transition with practical case studies to support firms when considering the risks to fairness and effectiveness as the market…

Article by Paul Golden in Euromoney.

James Leather talks to Edward Ocampo about international benchmark reform. This article is available on pages 24 to 27 of the June/July edition of The Treasurer, the membership publication of the Association of Corporate Treasurers (www.treasurers.org). Note:…

Article by Jochen Vester (UK) in Regulation tomorrow.

11th May 2020 – The FICC Markets Standards Board (FMSB) has today published its second Spotlight Review examining the crucial role of data management in the stability and resilience of wholesale FICC markets and financial systems. The…

Report from FMSB emphasises limitations and challenges in adopting algorithmic trading in less liquid markets. Article by Hayley McDowell in The Trade.

FMSB publishes Spotlight Review on data management in the financial system The FICC Markets Standards Board (FMSB) has today published its second Spotlight Review examining the crucial role of data management in the stability and resilience of…

The Fixed Income, Currencies and Commodities (FICC) Markets Standards Board (FMSB) has published a review of emerging challenges in algorithmic trading and machine learning, warning of risks to market stability from unsupervised models. Article by Peter Walker in FStech.

Martin Pluves, FMSB CEO, is quoted in this article by Huw Jones in Reuters Business News.

An article by Liz Loxton that looks at FMSB’s standard setting work and asks CEO Martin Pluves what’s in it for corporates: available at www.treasurers.org/hub/treasurer-magazine/why-is-fmsb-important-to-corporate-treasurers. This article first appeared in the April/May edition of The Treasurer, the…

On 5 March 2020, the Financial Conduct Authority (FCA) published Discussion Paper 20/1 ‘Transforming culture in financial services: Driving purposeful cultures’. The paper is a set of essays which present a range of views from industry leaders, professional…

Opinion editorial  in the CITY A.M. by Martin Pluves, FMSB CEO.

25 February 2020 – The FICC Markets Standards Board (FMSB) has today issued its 2019 Annual Report setting out the progress made to enhance standards of behaviour in the wholesale fixed income, currencies and commodities (FICC) markets…

Opinion editorial in the Financial Times by Mark Yallop, FMSB Chair (subscription may be required)

Article in Markets Media by Shanny Bassar

London, 18 March 2019 – The FICC Markets Standards Board (FMSB) has today issued its 2018 Annual Report setting out the progress made to enhance standards of behaviour in the wholesale Fixed Income, Currencies and Commodities (“FICC”)…

Article in The National by Sarah Townsend

Article in DESK (www.fi.desk.com) by Joel Clark

True Finance – Ten years after the financial crisis Speech given by Mark Carney Governor of the Bank of England Chair of the Financial Stability Board Economic Club of New York 19 October 2018 Read the speech…

South China Morning Post article by Karen Yeung

Take a look at the video of Mark recorded from the 2018 Refinitv Regulatory Summit in Hong Kong in October 2018.

Ms Julia LeungDeputy Chief Executive Officer and Executive Director, Intermediaries9 October 2018 Good morning. It’s an honour to be invited to the 2018 Refinitiv Pan Asian Regulatory Summit to deliver this keynote speech. We live in a…

Article by Mark Yallop in the Journal of Financial Compliance

Marketupdate article by Cor Wijtvliet

Investing.com article

Financial Times article by Banking Editor Martin Arnold

Article by Shearman & Stirling LLP on mondaq.com

U.S. News and World Report

MarketsMedial Daily Email Feature by Rob Daily

GlobalCapital article by Owen Sanderson

FX Week Article by Mikael Latreille

Law360 article by Paige Long

GlobalCapital article by Owen Sanderson

Speech given by Mark Carney, Governor of the Bank of England at The Mansion House, 21 June 2018 – New Economy, New Finance, New Bank