FX Focus - Editor's Letter
Lack of trust putting regulatory co-operation at risk
Trust is a precious commodity – hard to build, and easy to destroy. It has been one among many buzzwords used by regulators as they have sought to rebuild oversight systems for the financial markets. Trust in the value of co-operation to create a level playing field, and trust in the supervisory approach of fellow regulators.
Alas, as the awkward practicalities of implementing new standards become apparent, some regulators seem to be abandoning this warm and fuzzy concept in favour of hard
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