Fixed Income, Currencies and Commodities Markets Standards Board and Net zero: Difference between pages

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imported>Doug Williamson
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(FMSB).
''Environmental concerns - emissions''.


The FMSB is an independent body set up by market participants in 2015, following conduct problems that arose in the global wholesale FICC markets during the financial crisis.
Net zero emissions means that any greenhouse gas emissions are balanced by schemes to offset an equivalent amount of greenhouse gases from the atmosphere, such as planting trees or using technology like carbon capture and storage.




The FMSB is not a regulator or a trade association, and does not produce rules, laws or codes, but instead publishes voluntary standards and guidance notes designed to illustrate best practice and improve standards of conduct in wholesale FICC markets.
== See also ==
 
* [[Adaptation Action Coalition]]
 
* [[Adaptation communications]]
The relevance for treasurers who work in financial institutions is clear, particularly given the recent Financial Conduct Authority (FCA) announcement that it will be recognising voluntary codes and taking them into consideration when reviewing regulated organisations.  
* [[Business Ambition for 1.5C]]
 
* [[Carbon credits]]
 
* [[Carbon-neutral]]
Why, then, should non-financial corporates be interested in the workings of the FMSB?
* [[Climate-related disclosure]]
 
* [[COP26]]
The answer is that these standards of best practice may influence how banks operate.
* [[Credit rating]]
 
* [[Emissions]]
They describe a level of behaviour that corporates can expect from their financial counterparties.
* [[Environmental concerns]]
 
* [[ESG investment]]
They also act as a valuable resource for corporates trying to understand market mechanics and what their own behaviours should be when transacting in
* [[Glasgow Financial Alliance for Net Zero]]  (GFANZ)
those markets.
* [[Gold standard]]
 
* [[Green bond]]
 
* [[Green Bond Principles]]
The FMSB website also has a database of misconduct cases in financial markets dating back to 1792, together with analysis covering the behavioural patterns.
* [[Greenhouse gas]]
 
* [[Hybrid]]
The Association of Corporate Treasurers is a partner member of the FMSB.
* [[Nationally determined contribution]]
 
* [[Net-Zero Asset Managers Initiative]]
In addition, there are a number of corporates that are full members, including BAE Systems, BHP, BP, Rio Tinto, Royal Dutch Shell, Royal Mail Group and Vodafone.
* [[Net-Zero Asset Owner Alliance]]
 
* [[Net-Zero Banking Alliance]]
 
* [[Paris Agreement]]
==See also==
* [[Resilience]]
* [[Conduct]]
* [[Road to Zero]]
* [[FICC]]
* [[United Nations Framework Convention on Climate Change]]
* [[Financial Conduct Authority]]
* [[Zero emissions]]
* [[Financial crisis]]
 
 
===Other links===
*[https://fmsb.com/our-publications/#3 FMSB's standards]
*[https://www.fmsb.com/ourpublications/#7 FMSB database of misconduct cases]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:The_business_context]]
[[Category:Compliance_and_audit]]
[[Category:Ethics]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]

Revision as of 22:40, 14 October 2021