New FX code gains overwhelming support
Code covers ethics, governance, information sharing, execution, risk management, confirmation and settlement
A new code of conduct for the foreign exchange market is receiving strong support from participants, who say they are taking the all-inclusive documents seriously and will work to ensure each player in the market understands their responsibilities.
The Bank for International Settlements (BIS) rolled out the first phase of its FX Global Code of Conduct on May 26 in New York, marking a breakthrough for an industry that has been working to regain the public's trust following the recent allegations
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