Financial Stability Board prepares to publish FX benchmark reforms
Final recommendations due within days
The Financial Stability Board (FSB) is putting the finishing touches to its recommendations on reforms to the 4pm London fix, with the results due to be published by the end of this month.
Proposals for reforms to the fix were fast-tracked by the FSB after regulators found evidence of collusion among banks submitting to the 4pm fix last year.
An FSB working group, headed by the Bank of England's Paul Fisher and the Reserve Bank of Australia's Guy Debelle, put out a consultation paper in July
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