The Financial Markets Standards Board published its 2024 Annual Report, summarising the standards and good-practice guidance produced across its committees and working groups and pointing to continued recognition from regulators and other stakeholders. The report also highlights a September address to members by Bank of England Governor Andrew Bailey, who referenced the practical value of recent post-trade work and encouraged wider market participation in FMSB. Key 2024 publications included a Spotlight Review setting out case studies on pre-hedging, and two Post-Trade Committee Standards on client onboarding documentation and processes and on the sharing of standard settlement instructions, which were issued in transparency draft during 2024 and finalised in January 2025. Other outputs covered a Statement of Good Practice applying a model risk management framework to electronic trading algorithms, guidance on governance of sustainability-linked products released in transparency draft in 2024 and finalised in April 2025, and an updated Statement of Good Practice for front office supervision published in transparency draft in September 2024 and finalised at the beginning of 2025. FMSB chair Jonathan Moulds said the report looks ahead to the 10th anniversary of the Fair and Effective Markets Review and FMSB’s founding, with a focus on continuing its mission and growing membership.
Financial Markets Standards Board 2025-05-12
Financial Markets Standards Board publishes 2024 Annual Report highlighting new post-trade and market conduct standards
The Financial Markets Standards Board released its 2024 Annual Report, detailing standards and guidance from its committees, including key publications on pre-hedging, client onboarding, and sustainability-linked products. The report also highlights a speech by Bank of England Governor Andrew Bailey on the value of post-trade work and anticipates the 10th anniversary of the Fair and Effective Markets Review.