Bank Negara Drafts New Code For Malaysian FX Dealers
REGULATIONS
Malaysia's central bank, Bank Negara, is drawing up a comprehensive code of conduct for all players in the Malaysian money and foreign exchange markets which will be in force by the end of the year, according to its governor Jaffar Hussein.
In a move which some sources describe as "poacher turned gamekeeper," Bank Negara will require that only registered members of the Forex Association of Malaysia are permitted to deal with banking institutions. Bank Negara is widely regarded as a maverick in
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