The body created to clean up behaviour in the fixed income, currencies and commodities markets has set out its final guidelines for increasing transparency when new bonds are sold.

The FICC Markets Standards Board said on Tuesday that the guidelines contained within its new standard are designed to make the process of issuing new bonds fairer and more effective. They apply to issuers, underwriters and investors in Europe and comprise 10 core principles around granting a mandate, marketing, execution, post-launch, monitoring, controls and training.