Guy Debelle reviews forex code progress ahead of first-phase release in May
Global code to be implemented as principles rather than rules
The first phase of the global code of conduct for the foreign exchange market will be published on May 25 this year after market participant review and regulator endorsement, it was announced today (March 17).
Speaking at an FX Week conference in Sydney, Guy Debelle, who is leading work on the code, noted the first phase "covers areas such as ethics, information sharing, execution (including mark-up), and confirmation and settlement".
"At the outset, we decided to split the topics we intend to
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