FMSB Changes Name…Slightly
Posted by Colin Lambert. Last updated: May 9, 2022
While the acronym remains the same, the FICC Markets Standards Board (FMSB) has decided to reflect a wider remit in markets by changing its name to the Financial Markets Standards Board.
FMSB was formed as a not-for-profit, privately-owned company to support a market-led, global standards body for fair and effective wholesale financial markets. It was created in 2015 following the UK’s Fair and Effective Markets Review (FEMR) and brings together its members – practitioners – from buy-side, sell side, corporate issuer and infrastructure provider organisations to develop Standards, Statements of Good Practice and Spotlight Reviews. Its stated mission is to improve the transparency, fairness and effectiveness of global wholesale financial markets.
“This change will help support engagement with a wider range of users of wholesale markets who may be less familiar with the FICC acronym and reflects the broader relevance of much of our work across wholesale financial markets,” FMSB says.