What is happening?
The foreign exchange working group (FXWG) run under the auspices of the Bank for International Settlements has finalised a code of conduct for the vast foreign exchange markets, which turns over about $5100bn every day.
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RegulationsJuly 24 2017
Bringing ethics and transparency to the FX markets
The world’s leading central banks have decided to raise integrity and transparency levels in the vast foreign exchange markets with a new code of conduct. And given the current mood music around market conduct, it probably has a good chance of being adhered to despite its voluntary nature. By Justin Pugsley
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