Financial Markets Standards Board (FMSB) is pleased to announce that State Street Bank and Trust Company (State Street) has joined as a Full Member.
Myles McGuinness, FMSB CEO said:
“We are pleased to welcome State Street as a Full Member of FMSB. This addition reflects the strong and growing support we are seeing from firms globally. As our membership expands, so too does the impact of our work, with more firms adopting our Standards and good practice guidance. We look forward to drawing on State Street’s insights through our Standards Board, Committees and Working Groups as we continue to deliver our 2026 workplan.”
Michael Eldridge, Executive Vice President, Country Head, UK and Head of State Street Markets, UK said:
“Joining Financial Markets Standards Board underscores State Street’s commitment to shaping and upholding best practice in global financial markets. We recognise the importance of all market participants collaborating to support market integrity, and we are proud to work alongside FMSB Members as part of this valuable collective effort to drive fair and effective markets.”
Notes to editors
About FMSB:
- 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 and information providers, corporates, pension funds and non-bank liquidity providers, 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 global 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.
- Access FMSB’s 2026 workplan
- See FMSB’s full membership
About State Street Corporation:
State Street Corporation (NYSE: STT) is one of the world’s leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $53.8 trillion in assets under custody and/or administration and $5.7 trillion* in assets under management as of December 31, 2025, State Street operates globally in more than 100 geographic markets and employs approximately 52,000 worldwide.
*Assets under management as of December 31, 2025 includes approximately $173 billion of assets with respect to SPDR® products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Investment Management are affiliated.