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.
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