Global Code will level playing field, but more prescriptive regulation on way

Creators of the conduct code will push the initiative through, but supplementary rules will hit parts of FX

Richard Metcalfe: Debelle means business, but "there is a lot of other stuff going on in the background"

Foreign exchange markets are heading towards more prescriptive regulation on top of the Global Code of Conduct (GCC), as regulators increasingly have fund managers and their practices around FX in their sights, panellists at the 12th annual FX Week Asia conference told delegates.

In his keynote speech at the start of the day on August 31, Guy Debelle, assistant governor for financial markets at the Reserve Bank of Australia, told the audience the first draft of the second phase of the Global

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