Encompass Corporation, a leading corporate digital identity provider, has joined Financial Markets Standards Board (FMSB) as an Associate Member.
The addition of Encompass widens the pool of expertise available to further develop FMSB’s work, via its Post-Trade Committee, to improve operational processes, since it was established to take forward the recommendations of the Bank of England’s Post-Trade Taskforce in terms of practical implementation.
Myles McGuinness, FMSB CEO said:
“We are pleased to welcome Encompass as an Associate Member of FMSB. Our Post-Trade Committee has been particularly active recently, developing practical ways to improve operational processes, with two Standards already published in Transparency Draft on Client Onboarding and the Sharing of Standardised Settlement Instructions. We look forward to drawing on the expertise at Encompass to inform this valuable, ongoing work.”
Henry Balani, Global Head of Industry & Regulatory Affairs at Encompass, said:
“We are delighted to be joining FMSB as an Associate Member. We look forward to working with FMSB Members from across the wholesale markets and to contributing to the excellent work of the Post-Trade Committee. As a provider of digital identification and verification to firms operating in the wholesale markets, helping to establish good practices in areas like client onboarding is of the upmost importance to us.”
Access FMSB’s publications, including the Post-Trade Committee’s Transparency Draft Standards on Client Onboarding and the Sharing of Standard Settlement Instructions (SSIs).