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Forex markets get global code of conduct
MAS and other central banks welcome set of principles of good practice for wholesale foreign exchange markets
In a joint press release, the Monetary Authority of Singapore, together with Bank of Korea, the Hong Kong Monetary Authority, the Reserve Bank of Australia and the Reserve Bank of India welcomed the FX Global Code.
PHOTO: REUTERS
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
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