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 […]

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, […]

FMSB publishes Spotlight Review on LIBOR back book transition

20 April 2021 – The FICC Markets Standards Board (“FMSB”) has today published a new Spotlight Review on LIBOR transition, looking at how market participants may manage potential conduct risks arising in back book transition. This Spotlight Review aims to provide practical guidance for market participants and builds on a […]

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 […]

FMSB CEO Update

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

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 […]