Busy year ahead for FX committees

The committees -- The European Central Bank (ECB) forex contact group, the Bank of England (BoE) foreign exchange joint standing committee (FXJSC) and the New York Fed foreign exchange committee -- meet on a regular basis and comprise senior officials from major foreign exchange market makers in each region.

Best practice in the FX markets is one issue the groups will be continuing to focus on. "My understanding is that people do not see a need for regulation," Roberto Schiavi, head of the

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