Plato Partnership and FICC Markets Standards Board (FMSB) announce collaboration

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 MI3 division is integral to Plato Partnership’s vision. One of the strategic goals […]

Spotlight Review ‘Precious Metals Market Structure’

FMSB publishes Spotlight Review on precious metals market structure 18 November 2021 – The FICC Markets Standards Board (FMSB) has today published a Spotlight Review examining the existing structure of the precious metals market. This Spotlight Review examines practices adopted in other asset classes and considers how certain features of the spot and […]

Memorandum of Understanding (“MoU”) between FMSB, the Bank of England and the Financial Conduct Authority

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 in relation to the delivery of FMSB’s primary objectives as recommended in the […]

FICC Markets Standards Board, Bank of England and Financial Conduct Authority agree Memorandum of Understanding

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 framework formalising the continuing cooperation between FMSB, the Bank and FCA in relation […]

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.