Hong Kong Market Practices Committee To Take On Oversight Of Forex Brokers
BROKERS
The director of Hong Kong's Office of the Exchange Fund has agreed to chair a Foreign Exchange and Money Market Practices Committee that, beginning next summer, will oversee the conduct of participating banks and brokers in the foreign exchange market.
The mandate of the committee, which has no official regulatory power, is to review matters relating to the orderly development, health and efficiency of the Hong Kong foreign exchange and money markets and offer "advice" to participating
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