BoE launches push to create global forex code that ‘has teeth’


The Bank of England (BoE) is to work with other central banks and regulators to establish a global code of conduct for foreign exchange regulation, as part of a broader decision to establish regulation of fixed income, currency and commodity (Ficc) markets in the UK.

The central bank's Fair and Effective Markets Review concluded today (June 10), unveiling a raft of recommendations for the tougher oversight of Ficc markets, including clearer codes of conduct agreed on a global scale, stronger sup

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