Creating fairer and more effective capital markets | KPMG | UK

Creating fairer and more effective capital markets

Creating fairer and more effective capital markets

Striking the right balance between fairness and effectiveness to rebuild public trust in capital markets

1000

Head of Banking and Capital Markets UK, Partner

KPMG in the UK

Contact

Also on KPMG.com

Man walking on rope

Following the financial crisis, the capital markets industry has taken steps to rebuild public trust through new regulation. The industry is striving to improve conduct and preserve the effectiveness of markets, while increasing fairness.

The UK’s Fair and Effective Markets Review (FEMR), commissioned by the Chancellor in 2014, is just one of these measures. It puts the onus on the industry to restore confidence in a sustainable way.

FEMR provides four near-term actions:

  • Raise standards, professionalism and accountability of individuals.
  • Improve the quality, clarity and market-wide understanding of fixed-income, currencies and commodities (FICC) trading practices.
  • Strengthen regulation of FICC markets in the United Kingdom.
  • Launch international action to raise standards in global FICC markets.

To achieve these the industry will need greater transparency, tech-driven efficiency and better global alignment. 

Ultimately, it will be the industry itself as the end-user that will be the arbiters of fairness and by capturing its feedback, we can ensure the market is operating as intended.

The prize is being able to offer services that are fair and effective, while also being profitable.

Connect with us

 

Request for proposal

 

Submit