Bank of England unveils money market code of conduct
Code is voluntary, but BoE expects market participants to sign up
The Bank of England has unveiled a new code of conduct for participants in UK money markets, ahead of the release of the FX Global Code in May.
The document, published today (April 26), sets out numerous principles governing standards of conduct in the deposit, repo and securities-lending markets.
Six “high-level principles” – covering ethics, governance, risk management, confidentiality, execution and settlement – are underpinned by the idea that participants should always act “in a manner to
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