Market participants cheer FEMR recommendations

Alex McDonald, WMBA

Industry participants have welcomed the Bank of England's (BoE) review of fixed income, commodities and currencies (Ficc) markets – the Fair and Effective Markets Review (FEMR) – which examined practices and processes in the space after a series of high-profile scandals brought these markets under the spotlight.

Bill Michael, head of financial services for Europe, Middle East and Africa at KPMG, says although there wasn't a clear answer coming from the review, the BoE and the UK government have

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