Salmon warns on adherence as strategic decisions loom

In an exclusive interview with FX Week, the BoE's Salmon floats regulation as a possible vision for 2020; for now last look stays

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2020 will provide an opportunity for strategic decisions; for now, adherence remains voluntary

Foreign exchange markets have just over three years to demonstrate that voluntary adherence to the principles of the Global Code of Conduct has eliminated systemic conduct issues, as strategic questions may be asked about the effectiveness of the guidelines as soon as 2020, according to the central banker leading the work on adherence.

As work on the second and final phase of the Global Code of Conduct continues, Chris Salmon, the Bank of England's executive director for markets and the chair of

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