Debelle sets timeframe for adoption of forex global code
Market participants will have six to 12 months to adjust practices once code is published on May 25
Market participants are expected to adjust their practices to the principles outlined in the Bank for International Settlements’ (BIS) Global Code of Conduct within 12 months of its publication, Guy Debelle, deputy governor of the Reserve Bank of Australia, told attendees at the third FX Week Australia conference in Sydney.
Debelle warned foreign exchange (forex) participants to familiarise themselves with the principles of the code once it is published on May 25, and verify their operations
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