FCA sees 'real improvements' in UK FX industry
Authority says that under its remediation programme, firms have installed appropriate risk mitigation plans
The Financial Conduct Authority (FCA) says it has observed a number of positive cultural developments over the past 20 months in the UK foreign exchange industry, with clear improvements in controls across institutions and in the quality of their governance arrangements.
In an update on its remediation programme for the currency trading industry, the FCA noted several firms have extended best execution to cover FX business, introduced clear pricing schedules, and separated their fixing and
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