The man responsible for implementing Federal Reserve monetary policy said currency traders need to show they are adhering to industry best practices or face tighter regulation, the latest salvo in the government's response to currency market manipulation. in prepared remarks, Simon Potter, head of markets at the Federal Reserve Bank of New York, told currency market practitioners at an industry conference in New York on Tuesday that they risked more rules on the roughly $5 trillion-a- day foreign exchange market if they didn't establish and follow stricter codes of conduct. "I encourage you all to be engaged both ... (full story)