The Financial Markets Standards Board has published its 2026 workplan. The workplan covers a wide range of areas in relation to wholesale financial markets, and in 2026 the Board sets out the following focus topics:
- In relation to market practices, work is being progressed on pre-hedging, grey market trading, market quotation mechanisms, conduct risks around risk management transactions for new issuances, and price discovery.
- In relation to electronic trading and technology, the relevant committee will be looking at market-facing applications of AI and potentially the application of model risk management frameworks to electronic trading algorithms.
- In relation to conduct and risk, key topics are non-financial risk and misconduct, where there are already ongoing workstreams in progress.
- In relation to market infrastructure and operations, the relevant committee will be focussing on client onboarding, standard settlement instructions, digital identity, due diligence questionnaires for cyber risk, and stablecoins and tokenised deposits.
Other planned work for 2026 will be looking at sustainable finance topics and dedicated focus sessions for buy-side firms. Return to main website.
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