Regulators fail to address key issues in FX, participants say

While they see some positives they believe there's still too many practices open to abuse

andy-woolmer-newchange-fx-app
"The regulator is attempting to regulate a utopian world where liquidity costs nothing and trading activity has no impact," says Woolmer

Regulators are failing to address key issues in foreign exchange markets as initiatives launched since the start of the FX fixing scandal stop short of enforceable rules, show little regard to the unique structure of currency markets and do little to incentivise practices changing, market participants say.

The comments come a week after an update on the UK's Financial Conduct Authority's (FCA) FX remediation programme and in the wake of the publication of the Fair and Effective Markets Review

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: