This implementation report provides details on developments and progress against the FEMR recommendations for developing a more forward-looking approach to supporting fair and effective FICC markets. Market initiatives include the establishment of the FMSB and the longer term development of new technologies to allow banks and investors to share in a more effective manner. In addition, UK authorities have brought a Senior Managers & Certification Regime info force and are finalising new rules for regulatory references for individuals. At the international level, the development of a Global FX Code and increased focus on conduct by the IOSCO and the FSB demonstrate the desire to raise standards globally.
Last updated 13 May 2020