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This Financial Markets Standards Board (“FMSB”) Transparency Draft is applicable to firms when onboarding or reviewing client files under the UK requirements for KYC and AML. It proposes a Standard for the Documentation Requirements, and processes for…

A compendium of FMSB’s work on precious metals markets collates all three published FMSB Spotlight Reviews on these markets into one document, Compendium: Precious Metals Markets Evolution. The compendium includes forewords from the World Gold Council’s CEO,…

Financial Markets Standards Board (“FMSB”) research looks at the current practice of 24 major financial firms around management information on the subject of conduct and culture.  The extensive research published in a Spotlight Review was assisted by…

A FMSB Statement of Good Practice Transparency Draft today sets out the view of market practitioners and invites comment on how the wholesale markets industry can apply their existing model risk management frameworks in a proportionate way…

Financial Markets Standards Board (“FMSB”) brought together precious metals trading experts to consider the steps that the gold market needs to take to support the asset’s characterisation as a High-Quality Liquid Asset (HQLA)…

Financial Markets Standards Board (“FMSB”) Members representing communities active in global wholesale financial markets review the 3 Lines Model. FMSB issues a Spotlight Review and Risk Register for practical application and benchmarking. The aim is to assist…

Infrastructure and data are vital next steps in the evolution of Voluntary Carbon markets Market design is a critical concept as the Voluntary Carbon Markets expand Overview highlights gaps in the current markets’ ecosystem 29 September 2022…

This Spotlight Review seeks to facilitate greater transparency of ESG ratings methodologies and data collection processes to enhance understanding of ESG ratings and facilitate comparability across ratings providers in wholesale financial markets.