The FEMR report is an historical document which will redirect all FICC Global Markets in the future. Their recommendations are broad and far reaching, with comprehensive findings addressing every aspect of Front and Middle Office. The appointment of the BIS under Guy Debille to adopt a single Global Code of Conduct, and mandated education certifications for all participants will address the weaknesses of the industry and the increased responsibilities of the FCA and the newly adopted FSMA (FICC Markets Standard Board). They will address regulation, oversight, and enforcement. The FEMR committee has defined a new path for Global Markets, and leaves no doubt that extraordinary change is reshaping the landscape of Global FICC.
FEMR Final Report
