FMSB releases principles for FX surveillance, conduct training

The Ficc Market Standards Board outlines 10 core considerations for surveillance

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Good practice: FMSB recommends firms consider making the surveillance function independent of front office

The Fixed Income, Currency and Commodities (Ficc) Markets Standards Board (FMSB) has issued two Statement of Good Practice documents for foreign exchange markets, setting out core principles for surveillance and conduct training.

The 10 core principles for surveillance are meant to act as a guide for market participants, including both the sell and buy side and venues, which they should consider adapting to their operations, as well as outlining current good practices.

The FMSB also issued a

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