FSB to recommend fix order separation
Regulator will tell banks to handle benchmark orders separately from normal client business
The Financial Stability Board (FSB) is set to recommend banks handle benchmark orders separately from other client business to reduce conflicts of interest between dealers and their clients, as part of a raft of measures aimed at alleviating concerns about the integrity of currency benchmarks, according to a source.
The FSB is set to roll out its recommendations on FX benchmarks before the end of this month. People familiar with the matter expect the report to suggest dealers handle benchmark
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