Buy-side firms approach BoE to take more active role on FXJSC
Move comes in wake of the WM/Reuters fixing scandal
Large buy-side firms have approached the Bank of England (BoE) in a bid to take a more active role on the central bank's foreign exchange joint standing committee (FXJSC). The moves come in the wake of allegations that banks colluded to manipulate foreign exchange prices and after it emerged banks discussed the issue of currency benchmarks at one of the committee's meetings, people familiar with the matter told FX Week.
The possibility of expanding buy-side representation on the committee comes
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