ACI pushes for adoption of global code of conduct

Trading culture must change, regulators warn industry

marshall bailey
Marshall Bailey, ACI

ACI, the wholesale financial markets industry association, continues to press for the adoption of a global code of ethical conduct for FX market participants, warning the industry will find itself over-regulated if it does not get its act together.

The comments come shortly after Tracey McDermott, director of enforcement for the UK Financial Conduct Authority (FCA), warned attendees of the annual FX Week Europe conference that unless the industry comes up with solutions to the misconduct issue

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