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Tarnished forex market to get global code of conduct in May
International regulators are close to releasing the first stage of a global code of conduct for the scandal-hit foreign exchange market that seeks to restore trust in the industry through a range of voluntary principles. Reserve Bank of Australia (RBA) Assistant Governor Guy Debelle said on Thursday the first part of the two-part code would be released in late May and would include "mechanisms" to encourage all participants to adhere to the principles. "The concrete details of the adherence mechanisms remain a work in process," said Debelle, who heads up the work on the code for the Bank of International ... (full story)
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