DTCC Europe has joined the Financial Markets Standards Board (FMSB), the global standards body advocating for fair and effective wholesale financial markets.
FMSB has members from the sell- and buy-sides, corporations and financial data and infrastructure providers, including BNP Paribas, HSBC and J.P. Morgan.
Michalis Sotiropoulos, executive director at DTCC, says: “We are pleased to be joining FMSB following our participation in the Bank of England’s Post-Trade Task Force, which moved to FMSB last year.
“We look forward to contributing to FMSB’s important role in further developing and delivering on the task force’s recommendations, as well as to shaping standards which support transparent, fair and effective wholesale financial markets.”
Myles McGuinnes, CEO of FMSB, adds: “Post-trade is of vital importance to the whole financial ecosystem. DTCC will bring interesting views to the table, having already added vital inputs to the work we took on from the Post-Trade Task Force.”
