Forex markets get global code of conduct
MAS and other central banks welcome set of principles of good practice for wholesale foreign exchange markets
Singapore
CENTRAL banks on Thursday launched a code of conduct for the world's foreign exchange (FX) markets to encourage ethical behaviour.
Called the FX Global Code, it is a set of principles of good practice for wholesale foreign exchange markets around the world. The Code is intended to promote the integrity and effective functioning of the market by ensuring a consistent set of good practices adopted across jurisdictions.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
UOB CEO ‘cautiously optimistic’ on 2024; Q1 profit down 1.6% to S$1.49 billion
Australia lending rules make banks go ‘too hard’ on due diligence: Westpac
Australia banks shower investors with A$5 billion in buybacks
Bank of Japan’s Ueda signals chance of policy action if yen moves affect inflation
Fed’s Kashkari says rates likely on hold for ‘extended period’
FTX has billions more than needed to pay bankruptcy victims