Latest News

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…

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.

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…

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: FMSB believes this…

27 July 2020 – The FICC Markets Standards Board (FMSB) has today published a Spotlight Review which examines remote working risks in FICC markets. Following COVID-19 being declared a global pandemic and the closure of many offices,…

24 June 2020 – The FICC Markets Standards Board (FMSB) published a new Statement of Good Practice on Algorithmic Trading in FICC Markets as a transparency draft for market consultation. As the use of computer algorithms in…

11th May 2020 – The FICC Markets Standards Board (FMSB) has today published its second Spotlight Review examining the crucial role of data management in the stability and resilience of wholesale FICC markets and financial systems. The…