RBA’s Debelle exerts pressure over FX benchmarks
Address market at FX Week Australia Conference
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
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