New model army

With a global code of conduct for FX due in May 2017, industry participants are pushing hard to come together to avoid hard and fast regulation. By Mikael Latreille

people and processes

The foreign exchange industry is rediscovering the might of the c-words, also known as the codes of conduct. Following two years of intense regulatory and public scrutiny plus some hefty fines, the ongoing effort to tighten up standards of behaviour around the globe is in full steam.

Market participants are involved in a multitude of conversations about what should be done to ensure another scandal such as the WM/Reuters benchmark-rigging saga does not repeat itself. In May, the Bank for

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