FSB may publish FX benchmark recommendations before November

Move could come despite initial target of Brisbane G-20 summit

Paul Fisher Bank of England
Paul Fisher, Bank of England

The Financial Stability Board's (FSB) FX benchmark sub-group could publish its analysis and recommendations for trading practices before the G-20 summit in November, and the guidance could include changes to the benchmark-setting infrastructure.

The FSB has been looking into currency benchmarks as part of a wider review into financial benchmarks since February this year, after global regulators started an investigation into allegations of malpractice around the WM/Reuters foreign exchange fix in

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