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.  

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 […]

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 new Standard on the use of Term SONIA reference rates

24 March 2021 – The FICC Markets Standards Board (“FMSB”) today publishes a Transparency Draft of a new Standard on use of Term SONIA reference rates.

FMSB appoints Ed Davey as Chief Operating Officer.

2 March 2021 – The FICC Markets Standards Board (FMSB), a standard setting body for the wholesale fixed income, currencies and commodities (FICC) markets, today announces the appointment of Edward Davey as its first Chief Operating Officer. Most recently Edward was running his own business development and change management consultancy […]

‘New Rules for the New Normal’ remarks by Mark Yallop

Speech delivered by Mark Yallop, FMSB Chair, on 15 December 2020 at the 4th International Initiatives in Behavioural Financial Regulation and Policy virtual seminar: ‘Pandemic Shocks, Financial Institutions, Markets and Behaviours’

FMSB publishes Spotlight Review on measuring execution quality in FICC markets

7 September 2020 – The FICC Markets Standards Board (FMSB) has today published a Spotlight Review looking at the challenges in measuring quality of trade execution and how this varies across different market participants and segments.  While not a new concept, in the last four years there has been a significant focus on best execution and transaction cost analysis by both market participants […]

FMSB publishes Spotlight Review on monitoring FICC markets and the impact of machine learning

3 August 2020 – The FICC Markets Standards Board (FMSB) has today published a Spotlight Review looking at current and future challenges that FICC market participants face in market surveillance. This Spotlight Review outlines: factors driving the pace of change in market surveillance; the acute impact of data on surveillance […]