A DISCUSSION WITH MARK YALLOP, CHAIRMAN, FICC MARKETS STANDARDS BOARD
On December 2, the IIAC hosted Mark Yallop, Chair of the FICC Markets Standards Board (FMSB). In his presentation to IIAC members, regulators and other market participants, Mr. Yallop identified root causes of misconduct in wholesale markets and the responsibility of firms and individuals in their standards of personal conduct. Mr. Yallop discussed the work of the UK based FMSB in developing standards that reflect the global, cross border nature of FICC markets and how these standards are being used by its member organizations to create a common understanding of best market practice.