Bank for International Settlements committee making progress on original code after scandal over price rigging at some of the worlds biggest banksCentral banks handed the task of clamping down on the scandal-hit foreign exchange markets say they are on course to publish a global code of conduct for currency traders in 2017.
The first comprehensive code covering the £3.5tn a day market is expected to be widely adopted after regulators discovered longstanding price rigging at some of the world’s biggest banks and handed out a multibillion-dollar series of fines.
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Source: theguardian.com