The trade body has responded to the FSB call for feedback on market reforms
A trade body representing the foreign exchange market has
called on the industry to adopt a single code for its use of
benchmarks in the hope of reducing the risk of so-called
ACI, a trade body that speaks for FX firms, issued on
Wednesday a response to a call by the Financial Stability
Board, headed by Bank of England governor Mark Carney, for
feedback on plans to reform the FX industry in light of
accusations that banks had been fixing the market.
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