Recommendations include increasing the maximum sentence for market abuse from 7 to 10 years
The Bank of
England’s Fair and Effective Markets Review (FEMR)
on Wednesday published its final report, including a set of
recommendations designed to help restore trust in the fixed
income, currency and commodities (FICC)
The report sets out a
list 21 of recommendations including provisions for a trader
code of conduct, increased cooperation with international
authorities on trading standards, and new regulation of the
foreign exchange markets.
report recommends a number of tougher regulations and sanctions
to prevent market abuse.
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