Spot FX cannot accept lower standards of behaviour

Although spot FX trades are not under its purview, the FCA has warned market participants to sharpen up their act

Edwin Latter at the Bank of England
Edwin Schooling Latter: "We expect you to consider the issues we identified and implement your own remediation"

The head of markets policy at the UK's Financial Conduct Authority (FCA) has warned firms not involved in the regulator's foreign exchange remediation programme to "carefully consider" the findings of the project, which launched in 2014 to address the root cause of conduct failings.

The FCA has concluded its foreign exchange remediation programme for 30 institutions, representing some 70% of the UK currency industry, which led the regulator to state it is starting to see real improvements in the

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