RBA’s Debelle exerts pressure over FX benchmarks

Guy Debelle

If foreign exchange dealers fail to act on recommendations concerning the process of setting benchmark rates, then authorities may be pushed into a ‘regulatory response', the Reserve Bank of Australia's (RBA) Guy Debelle warned today.

Debelle, an assistant governor at the RBA, co-chaired the FX benchmark group established by the Financial Stability Board (FSB), which issued a report with 15 recommendations on improving the benchmarking process last year.

Speaking at the FX Week Australia Confere

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