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

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1. ''Law.''
(FMSB).
A legal system that resolves disputes between persons by resort to principles of fairness and justness.


2. The capital of a firm invested by those accepting the greatest degree of risk, for example the holders of ordinary shares (also known as common stock) in a company.
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.


3. Securities representing the rights of the risk capital investors in 2. above.


4. The net value of an asset, after deducting debt relating to it or secured on it.
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 ==
* [[Blue chip]]
* [[Capital structure]]
* [[Common law]]
* [[Common stock]]
* [[Compound instrument]]
* [[Debt]]
* [[Debt for equity swap]]
* [[Dividend growth model]]
* [[Entity]]
* [[Equity cost of capital]]
* [[Equity instrument]]
* [[Equity investments]]
* [[Equity swap]]
* [[Kay Review]]
* [[Liabilities and equity]]
* [[Market/book ratio]]
* [[Mezzanine]]
* [[Ordinary shares]]
* [[Return on equity]]
* [[Share]]
* [[Shareholders’ funds]]
* [[Stock]]
* [[Total return swap]]


[[Category:Equity]]
The relevance for treasurers who work in financial institutions is clear, particularly given the Financial Conduct Authority (FCA)'s recognition of voluntary codes, and taking them into consideration when reviewing regulated organisations.
 
 
Why, then, should non-financial corporates be interested in the workings of the FMSB?
 
The answer is that these standards of best practice may influence how banks operate.
 
They describe a level of behaviour that corporates can expect from their financial counterparties.
 
They also act as a valuable resource for corporates trying to understand market mechanics and what their own behaviours should be when transacting in
those markets.
 
 
The FMSB website also has a database of misconduct cases in financial markets dating back to 1792, together with analysis covering the behavioural patterns.
 
The Association of Corporate Treasurers is a partner member of the FMSB.
 
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.
 
 
==See also==
* [[Conduct]]
* [[Database]]
* [[FICC]]
* [[Financial Conduct Authority]]
* [[Financial crisis]]
* [[Statement of Good Practice]]
 
 
==Other links==
*[https://fmsb.com/our-publications/#3 FMSB's standards]
*[https://fmsb.com/fmsb-publishes-new-financial-markets-misconduct-research/ FMSB database of misconduct cases]
 
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]

Latest revision as of 12:20, 13 July 2022

(FMSB).

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.


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.


The relevance for treasurers who work in financial institutions is clear, particularly given the Financial Conduct Authority (FCA)'s recognition of voluntary codes, and taking them into consideration when reviewing regulated organisations.


Why, then, should non-financial corporates be interested in the workings of the FMSB?

The answer is that these standards of best practice may influence how banks operate.

They describe a level of behaviour that corporates can expect from their financial counterparties.

They also act as a valuable resource for corporates trying to understand market mechanics and what their own behaviours should be when transacting in those markets.


The FMSB website also has a database of misconduct cases in financial markets dating back to 1792, together with analysis covering the behavioural patterns.

The Association of Corporate Treasurers is a partner member of the FMSB.

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.


See also


Other links