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

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(FMSB).
1.


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 excess of an end amount over a starting amount.


For example, the excess of the accumulated principal and interest at the end of an investment period, over the amount originally invested.


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.
In this simple case the gain might also be the same as the total amount of interest earned for the period.




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.  
2.


Capital gain.


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.  
3.


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


They also act as a valuable resource for corporates trying to understand market mechanics and what their own behaviours should be when transacting in
Chargeable gain.  
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.
== See also ==
 
* [[Chargeable gain]]
The Association of Corporate Treasurers is a partner member of the FMSB.
* [[Interest]]
 
* [[Periodic]]
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.
* [[Principal]]
 
 
==See also==
* [[Conduct]]
* [[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]]

Revision as of 06:53, 5 August 2016

1.

The excess of an end amount over a starting amount.

For example, the excess of the accumulated principal and interest at the end of an investment period, over the amount originally invested.

In this simple case the gain might also be the same as the total amount of interest earned for the period.


2.

Capital gain.


3.

Tax.

Chargeable gain.


See also