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Guy Debelle: The Global Code of Conduct for the Foreign Exchange Market
Thank you for giving me the opportunity to talk to you tonight about two important pieces of work currently occurring in the foreign exchange market. First, I will summarise developments in FX benchmarks. Second, I will talk about the global code of conduct for the foreign exchange market. But before that, let me step back and ask why is the work going on? The reason, as many of you are painfully aware, is that the foreign exchange industry is suffering from a lack of trust in its functioning. This lack of trust is evident both between participants in the market, but at least as importantly, between the public and ... (full story)