FEMR seeks to tackle malpractice and restore confidence in the FICC markets
The Bank of
England’s Fair and Effective Markets Review (FEMR)
of the fixed income, currency and commodities (Ficc) markets
may be adopted globally according to trade body the Wholesale
Markets Brokers Association (WMBA).
Alex McDonald, chief
executive of the WMBA, told a press briefing on Monday the
implications of FEMR go beyond just the UK to the global
markets with the Financial Stability Board (FSB) likely to
adopt the resulting code of conduct.
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