FMSB, which stands for the Financial Markets Standards Board, is a leading market-led, global standards body for fair and effective wholesale financial markets. Established in 2015, FMSB was created in response to serious concerns about poor market practice in fixed income, currencies, and commodities. Its mission is to improve the transparency, fairness, and effectiveness of global wholesale markets by collaborating across all market interests, developing best market practices, and promoting adherence to expert standards.

FMSB's strategic priorities include collaborating with like-minded organizations, broadening its territorial reach, and retaining a diverse membership to set authoritative standards. With a small central team, FMSB relies on the expertise and dedication of around 300 market practitioners from member firms, as well as pro bono support from specialist individuals and organizations. Its goal is to support well-functioning, trusted wholesale financial markets that contribute to sustainable economic growth