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Updated research shows historical forms of misconduct which have been present in the financial markets for hundreds of years, are playing out in new digital asset classes, including crypto assets and nonfungible tokens.

1 March 2022 – The FICC Markets Standards Board (“FMSB”) today publishes the final Standard for the Conduct of Participants in LBMA Precious Metal Auctions.LBMA Auctions establish prices in certain precious metals that are used as benchmark…

15 February 2022 – The FICC Markets Standards Board (“FMSB”) today publishes the final Standard for the sharing of investor allocation information in the fixed income primary markets.  Syndicate banks historically have had varied approaches to the…

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…

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…

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…

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…

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…