Enforcement of global FX code of conduct still a work in progress, Debelle says
Debelle notes the FX market is regulated differently from one jurisdiction to another
Enforcement of the planned global code of conduct for the foreign exchange market is "still very much a work in progress", said Guy Debelle, assistant governor at the Reserve Bank of Australia, on November 25.
Debelle, who is leading the work on the code, previously warned that adherence is the "biggest challenge" facing the working group of the Bank for International Settlements (BIS) markets committee.
'Critical need'"While the content of these regional codes is pretty good, it is very
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
More on Central Banks
Moldovan central bank launches digital auto insurance certificate
National Bank of Moldova moves away from paper to encourage take-up and increase security levels
Lebanese authorities press criminal charges against Salameh
Former central bank governor faces investigation over alleged embezzlement
Clash between Yemen’s central banks escalates
Rival central banks issue retaliatory bans on transacting with financial institutions
US fiscal stimulus boosted vehicle price pressures – Fed research
Vehicle sales driven by consumer and small business stimulus, say Fed researchers
Trial opens in Vietnam over alleged multi-billion dollar fraud
Accused include real estate tycoon and 15 former central bank officials
CMU should drive green and digital transitions, says BdF governor
Villeroy de Galhau calls for capital markets union to adopt “higher purpose”