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 vulnerabilities, develop best practice, drive adherence to standards and promote international convergence. Membership helps FMSB to contribute to the work of IOSCO, for example in identifying emerging risks, and informs FMSB’s own standard-setting agenda.
IOSCO is the international body that brings together the world’s securities regulators and is recognized as the global standard setter for the securities sector. It develops, implements and promotes adherence to internationally recognized standards for securities regulation. It works intensively with the G20 and the Financial Stability Board (FSB) on the global regulatory reform agenda.
Myles McGuinness, FMSB CEO, said:
“We have been working increasingly closely with IOSCO on areas of our work producing global, industry-led Standards and Statements of Good Practice. I am pleased to be able to formalise this relationship by becoming an Affiliate Member, enabling us to build on our existing engagement and contribute to IOSCO’s valuable work on key global market challenges and identifying emerging risks, where FMSB can play a useful role.”
As an Affiliate Member FMSB joins IOSCO’s Affiliate Members Consultative Committee (AMCC), a platform for Affiliate Members to input into IOSCO’s regulatory policy work, as well as to share insights with each other. FMSB recently attended the AMCC at IOSCO’s 49th Annual Meeting in Athens.
Read a summary of IOSCO’s 49th Annual Meeting.
Notes to editors
- The Financial Markets Standards Board (FMSB) is an industry-led, member-funded global standards body for the wholesale financial markets.
- Created out of the Fair and Effective Markets Review (FEMR) in 2015, FMSB brings together its Members from banks, investment institutions, infrastructure providers, corporates, pension funds and interdealer brokers, to develop Standards, Statements of Good Practice and Spotlight Reviews that raise standards of behaviour, competence and awareness – to promote the fairness and effectiveness of wholesale financial markets.
- As well as standard setting, subject matter experts from Member firms debate issues in working groups and are able to benchmark their approaches against industry peers, thus helping to lift standards of conduct.
- Our full membership list is here.
For more information:
Laura Conaghan
+44 (0)7929 72669
Laura.conaghan@fmsb.com